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.