African carriers reported a 16% growth in demand in September 2010 over the previous September against a 10.1% increase in capacity. The region is now 7% higher than the pre-recession levels of early 2008, the International Air Transport Association (IATA) said Tuesday.
Releasing its international traffic results for September, IATA said international passenger traffic had a 10.5% year-on-year increase which is significantly stronger than the 6.5% rise recorded for August. Meanwhile, international freight traffic recorded a 14.8% year-on-year increase, which is significantly weaker than the 19.0% rise recorded in August.
As international air cargo accounts for 35% of the value of goods traded globally, it is a leading indicator of economic activity.
http://www.businessday.co.za/articles/Content.aspx?id=124910
http://www.directinvestment.biz
Wednesday, October 27, 2010
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