• Conflict over water, coal

    SA's leaders have upped their support of the water-intensive coal industry, says Keith Schneider.

  • Cost of doing business

    The world can't afford the $4.7trn a year in environmental costs of business, says Mandi Smallhorne.

  • Voter paralysis

    With so much tilting voters against change, democratic reason is the loser, says Solly Moeng.

All data is delayed
Loading...
See More

Air travel numbers on the rise

Jul 05 2013 17:05

Johannesburg - The Air Transport Association (Iata) says passenger travel continued to expand in May, but air freight volumes remained flat.

A spokesperson for Iata said in the June report of the Airlines Financial Monitor released in Johannesburg that passenger numbers had stabilised in local currency terms.

Airline share prices declined in June (as did the broader market), but were up 8% so far this year.

Financial results in the first quarter showed operating profits were continuing to improve across all regions. 

The report went on to say that jet fuel prices remained at the bottom of a two-year range in June as oil supply increases outstrip growth in demand.

Signs of eurozone stability should ease pressure on global growth and support growth in air travel/freight for the remainder of the year.



Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

iata  |  johannesburg  |  aviation

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The upcoming petrol price hike is:

Previous results · Suggest a vote

Loading...