🔴 LIVE: The Secrets of ProPicks AI Success Revealed + November’s List FREEWatch Now

IATA sees 32 pct rise in air travelers between 2009-2014

Published 02/14/2011, 02:03 AM
Updated 02/14/2011, 02:04 AM

SINGAPORE, Feb 14 (Reuters) - Global air travellers are expected to rise to 3.3 billion in 2014, up 32 percent from 2.5 billion in 2009, fueled by strong growth in China, the International Air Transport Association (IATA) said on Monday.

Global airlines have seen a strong rebound from the sharp downturn in 2009 as economies, particularly in Asia, have recovered from the recession.

But the international air body said the effects of the global recession were still affecting parts of the industry.

"The shadow of the global economic recession is expected to remain over parts of the industry for some time to come," IATA director general Giovanni Bisignani said in a press release.

IATA said China will be the biggest contributor, accounting for 214 million out of the total 800 million new air passengers between 2009 and 2014.

In December, IATA revised up its profit forecast for the whole airline industry to $9.1 billion this year from a previous estimate of $5.3 billion.

Last year's profit of the industry was estimated at $15.1 billion, compared to September's forecast of 8.9 billion. The numbers compared to a total industry loss of $9.9 billion in 2009. (Reporting by Harry Suhartono and Xue Jianyue)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.