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  Volume: XX, Issue No. 02 September 1-15, 2010  
     
 
  AVIATION
  Air fares not yet back at pre-crisis levels : IATA
_A Monitor Report
Geneva : Average airline fares have risen significantly but have not yet reached levels seen before the global downturn, despite more passengers and greater volumes of freight, industry body IATA said recently.
In its latest financial snapshot, the International Air Transport Association said that fares still remained 10-15 per cent below their pre-recession peak.
"Whereas air travel and freight volumes are now above pre-recession levels this is not true for fares," the Geneva-based group said.
IATA said earlier in June it expected the industry to return to a profit this year, but it also warned that margins were set to remain depressed.
Earlier, IATA said air passenger and cargo demand increased markedly in May.
The airline industry's performance tends to be cyclically tied with the broad economy, which is now emerging from financial crisis.
A sharp increase in demand for air travel during May has seen aviation traffic return to levels last seen before the 2008 recession.
According to the latest date from the International Air Transport Association (IATA), demand for scheduled passenger traffic increased 11.7 per cent in May when compared to a year earlier.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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