Global air passenger traffic for May increased 6.8% year on year, the latest figures from the International Air Transport Association (IATA) have revealed.This figure was 4% higher than at the beginning of the year. “We saw positive developments for the air transport volumes in May,” said IATA Director General and CEO Giovanni Bisignani (pictured).”International passenger load factors rebounded by 0.8 percentage points to 75.8%. Freight volumes improved by 1.2% over April and passenger volumes were up by 1.8%. “These will help to alleviate some of the pressure on profits from continued high fuel prices.”However, he did warn there were “risks associated with political unrest in the Middle East and the European currency crisis”. “We still expect the industry to make $4 billion this year. That is a pathetic 0.7% margin and another shock could alter the industry’s fortunes dramatically. It’s another tough year for a very fragile industry.”Asia Pacific carriers recorded an expansion of 4.7%, considerably below the global average of 8%. This was due to continuing weakness in the post-earthquake/tsunami Japanese market, said IATA. Compared to May 2010, capacity expanded 5% and the load factor fell slightly to 73.4%.Middle East carriers grew international traffic by 7.8% over May 2010, slightly below a 9.6% capacity expansion that saw load factors slip to 70.8%. While political unrest continues to have a dramatic impact on several of the region’s smaller markets, the overall impact on the region’s carriers is very limited.
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