2010 better than expected

After predicting a mediocre 2010, the International Air Transport Association (IATA) - which represents 93 % of the world's scheduled airline traffic - has regained confidence in the results of recent months. According to its Director General Giovanni Bisignani, passenger traffic has returned to a growth rate of between 5 % and 6 %, returning to its historical averages.

In November, international traffic rose by 8.2 %, with a load factor of 75.6 %. The clear upturn in activity was driven by emerging countries. The top growth regions were the Middle East, driven by the irresistible expansion of the Gulf carriers (+18.3 % in revenue-passenger-km), followed by Africa (+13.31 %), Asia/Pacific (+9.7 %) and Latin America (+9 %).

In comparison, Europe is looking rather bleak. Growth in passenger revenue/km was 5.2 % for the first eleven months of 2010. According to IATA, traffic in Europe has returned to levels higher - but only marginally - than at the start of 2008, just before the recession. And the bad weather in December, which paralysed European air traffic for several days, is likely to result in a slowdown in growth. The bad weather did have one advantage, however: Europe's major airports have promised to plan ahead for the future and put more resources into avoiding traffic paralysis. In Paris, Frankfurt and London, for example.