The International Air Transport Association (IATA) announced traffic results for April which showed a rebound in international markets with 16.5% growth compared to April 2010. While this is exaggerated by the comparison to April 2010 during which European airspace was closed due to the volcanic ash crisis, international travel markets in April had grown to reach a level 7% higher than the pre-recession peak of early 2008.
International traffic saw a 16.5% increase in passenger demand was met by a 16.8% increase in capacity. Passenger load factors fell slightly from 76.8% in April 2010 to 76.7% in April this year. Domestic markets showed 4.7% growth over the previous year, outpacing a capacity increase of 3.1%, pushing the passenger load factor to 78.8%.
“Demand improved significantly in April. Eliminating all distortions, we are growing at 3-4%. International traffic is now 7% above the early 2008 pre-recession levels, load factors are hovering around 77% and business confidence is high. Unfortunately two things are spoiling the party