Rise signals global economic rally
By Martin de Sa'Pinto |
December 31, 2009, Thursday
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Print Edition
Print Edition
INTERNATIONAL air passenger and freight demand rose in November, a clear sign of a global economic recovery, although the improvement was accentuated by the sharp fall in traffic at the end of 2008.
Passenger demand rose 2.1 percent in November compared to a year earlier and air freight climbed 9.5 percent, data from the International Air Transport Association showed yesterday.
"Demand continues to improve, but we still have a lot of ground ... to recover. We cannot anticipate any significant improvement in yields in the coming months," said IATA chief Giovanni Bisignani.
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