Tuesday, September 28, 2010

Global Air Traffic Above Pre-Recession Levels

"The International Air Transport Association (IATA) announced today that international scheduled traffic results for August indicating year-on-year increases of a 6.4% for passenger and 19.6% for cargo (see chart above).  August demand is down from the 9.5% increase recorded for passenger and 23.0% growth in cargo recorded in July.  The August 2010 data is partially distorted by the comparison to August 2009, by which time markets were already expanding rapidly in a post-recession rebound."  Other highlights include:

1. The August gain in freight traffic was the 11th consecutive monthly increase, and the 10th straight double-digit increase starting last November.

2. Passenger traffic has improved in 12 out of the last 13 months, with the only exception being the April decline because of the adverse travel effects of the European volcanic ash.

3. Global passenger traffic in August was 2% above pre-recession levels of early 2008.

4. Global international cargo traffic in August was 3% above the pre-recession levels of early 2008.


At 9/28/2010 12:16 PM, Blogger Benjamin Cole said...

Countries such as India and China, which have monetary bulls in charge of central banks, are booming.

Countries such as Japan and the USA, in which timid weaklings cap the money supply with anal vigor, are still in recession and deflation.

At 9/28/2010 3:55 PM, Blogger Unknown said...

That's an interesting indicator, especially the steady increase in freight traffic. I am in the investment management field in Baltimore, and I think we've see a slight uptick in commercial passengers, but not much

At 9/28/2010 9:17 PM, Blogger juandos said...

Well the Chinese have made some in-roads here in the St. Louis, Mo area but not at Lambert Field in St. Louis county due to the high costs of airport usage......

At 9/29/2010 1:04 AM, Blogger Unknown said...

American Trucking Association tonnage plunges 2.7 percent in August, the largest decline since March 2009.

The inventory overstocking is over and the last-half malaise has arrived now that government life support has ended.

Now that the NBER has hastily declared the recession over, the chance of a double dip is now 100%.

The Fed is so sure of problems, they are already planning QE2.

At 9/29/2010 8:09 AM, Blogger Jet Beagle said...

In the second quarter of this year, Southwest Airlines recorded its highest quarterly revenues in its history. Southwest Airlines currently flies only in the United States. For some companies, the U.S. economy is booming just fine.


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