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Meltdown: IATA sees gradual recovery for airlines

The International Air Transport Association (IATA) has spoken of a gradual recovery of the global aviation industry from economic meltdown.

According to the airlines’ group, international air passenger and freight demand picked up last November
IATA said passenger demand rose 2.1 percent in November compared to a year earlier and air freight climbed 9.5 percent.

IATA represents 230 airlines, including Qantas, British Airways, Cathay Pacific, Japan Airlines and United Airlines.
Earlier in the year, the industry body predicted that the sector will lose $11 billion this year and $5.6 billion in 2010.
Its forecast was based on declining passengers’ traffic and volume of cargo available to airlines to airfreight.


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