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IATA: Industry may have reached traffic 'floor' but revenues still suffering

IATA said yesterday that May passenger and cargo traffic figures revealed a stabilization in demand declines but warned that airline revenue is still falling sharply.

"We may have hit bottom, but we are a long way from recovery," DG and CEO Giovanni Bisignani said. "Capacity is not aligned with demand." He said that following a 20% fall in international passenger revenue in the first quarter, "we estimate that the drop accelerated to as much as negative 30% in May. This crisis is the worst we have ever seen."


 

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As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

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As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

To find out about obtaining additional data – including the most comprehensive details on organizations, fleets, personnel and programs – click here or call +1.561.279.4661.