IATA said 2009, "the worst year the industry has ever seen," according to DG and CEO Giovanni Bisignani, concluded with a 3.5% drop in international RPKs and a load factor of 75.6%. "We have permanently lost 2.5 years of growth in passenger markets and 3.5 years of growth in the freight business," Bisignani said. Yields were down 5%-10% from 2008 but "have started to improve with tighter supply-demand conditions in recent months," the organization said, warning that "profitability will be ...

Subscribe to Access this Entire Article

"IATA: 'Worst year' finishes with 3.5% traffic decline" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.