The global airline business is set for a positive end to the year after continuing growth in demand.
The forecast from Iata came as the airline trade body reported passenger carryings up by 7.3% in September over the same month last year, and an improvement over the 7.1% recorded in August.
Iata director general and chief executive, Tony Tyler, said: “The demand for air travel in September was robust – even with the economic slowdown in some key emerging markets such as China.
“The industry seems set for a positive end to 2015.”
He added: “Aviation’s connectivity is vital to the health and well-being of the global economy. And financial strength is critical to the industry delivering its best.
“While the overall outlook is for a collective profit that covers the industry’s cost of capital, parts of the industry are really struggling.
“The poor economic performance in Brazil is having a dramatic negative impact on the industry’s performance in Latin America’s largest market.
“There are a number of swift policy options that the government could take to stimulate the sector by reducing the burden of onerous taxes, punitive regulation and a crippling fuel pricing regime.
“A comprehensive policy response would unleash the power of aviation connectivity and pay big dividends across the economy. There is no time for complacency,” said Tyler
This is a community-moderated forum.
All post are the individual views of the respective commenter and are not the expressed views of Travel Weekly.
By posting your comments you agree to accept our Terms & Conditions.