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Travel & Tourism industry news by Greek Travel Pages (gtp)

IATA: Uncertainty Prevails In Airline Industry

The International Air Transport Association (IATA) last month released the international scheduled traffic results for July, which showed a passenger demand decline of 2.9 percent compared with the same month in 2008 while freight demand was down 11.3 percent. The international passenger load factors stood at 80.3 percent.

IATA said that the July passenger demand fall of 2.9 percent was an improvement over the 7.2 percent drop in June and the 6.8 percent decline recorded over the first seven months of the year.

Also, July capacity was more in line with reduced demand than in previous months and load factors are similar to those recorded in July 2008.

However, the association underlined that these positive developments have come at the expense of yields, which continue to fall sharply.

About the Author
Nikos is Greek-American born in New York, USA, and has lived in Greece for over 30 years. He is the managing editor of Greece's leading monthly travel and tourism guide, the Greek Travel Pages (GTP) since June 2008 and of news site GTP Headlines since its launch in September 2012. Nikos has also served as international press officer for the City of Athens and for the mayor. He has a degree in Mass Media and Communications, specializing in Journalism. Nikos is a native English speaker and speaks Greek fluently.

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