IATA’s airline confidence survey points skywards
Global airline senior executives are confident of an uptick in demand for cargo and passenger business over the next 12 months.
April 27, 2012
Global airline senior executives are confident of an uptick in demand for cargo and passenger business over the next 12 months, according to the International Air Transport Association’s (IATA) quarterly industry confidence survey.
Airline industry confidence improved slightly in April on better passenger traffic figures over the last quarter, according to the survey. Top management in airlines were less pessimistic because economic conditions had improved in the US and emerging market economies remained robust, IATA said.
The percentage of airlines anticipating an increase in profit for the next 12 months rose to 36 per cent in April from 33.3 per cent in January. Meanwhile, the percentage of respondents expecting a drop in profit slipped significantly to 36 per cent from 51.9 per cent three months ago.
Outlook for cargo demand bottomed out as those foreseeing a deterioration in tonnage dropped to 28.6 per cent from 43.5 per cent. The outlook for passenger demand meanwhile, also substantially improved, with 56 per cent of respondents saying they expected an increase in the next 12 months in April, from 27.8 per cent three months ago.