Wednesday, January 5, 2011

Global air travel industry will perform well in 2011

Following the global crunch, which affected severely all aspects of the global market, and air travel in particular, passenger and freight traffic reported healthy growth in 2010, and the forecast is even better for 2011, United Nations website reported on January 5 2010.

In a report compiled yearly for its international members, the UN International Civil Aviation Organisation (ICAO) said "substantial growth in traffic reflects positive economic prospects worldwide – based on a forecast of a four per cent raise in the world’s real gross domestic product".

According to the statement, the healthiest growth was accounted for by the airlines of the Middle East with 21 per cent, followed by those of the Asia/Pacific region with 12.9 per cent, Latin America with 11.4 per cent, and Africa with 10 per cent. Traffic in the mature markets of North America and Europe grew by 6.2 per cent and 6.7 per cent, respectively.


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