Posts Tagged ‘airline industry’

Air Traffic Rebounds In May

Wednesday, June 30th, 2010

After chaos in April when Eyjafjallajökull’s spewed volcanic ash all over northern Europe, air traffic increased in May.

  • Airlines remain focused on recovering from 2009.
  • The airline industry lost about $2 billion when passenger planes were grounded because of the eruption.
  • Because of recent economic turmoil, Europe has shown weak airline industry growth.

Facts and Figures

  • International passenger air traffic increased +12% in May.
  • Airlines expect a $2.5 billion profit in 2010 – a huge turnaround from the $9.9 billion loss in 2009.
  • Air freight increased +34% in May, up from 26%.

Best Quote

“This is good news, but it is only a 0.5% margin. We are still a long way from sustainable profitability.” – Giovanni Bisignani, Director General of the International Transport Association