ABC Money
Home

Airline traffic slumps in April


Published :
Fri, 28 May 2010 10:25
By : financemarkets.co.uk
Print this Story


AddThis Social Bookmark Button


”Airline

The International Air Transport Association (IATA) has today reported that international passenger traffic fell last month as flights were hit by the volcanic ash cloud from Iceland.


The ash cloud has meant the recovery in the airline industry has taken a knock as flights were cancelled throughout the month.


According to IATA, airline traffic fell by 2.4% in the month but European carriers were hit the hardest, with traffic falling 11.7%.


North American carriers were also hit, but not as severely, reporting a 1.9% fall.


Commenting, Giovanni Bisignani, director general of IATA, said: “The ash crisis knocked back the global recovery – impacting carriers in all regions.”


Earlier this year, IATA said the global airline industry was improving, with both passenger and freight numbers expected to grow this year.


However, Mr Bisignani added that the ash cloud “could not have come at a worse time” for Europe.


In January, the industry body said 2009 saw the biggest decline in air passenger traffic since the aftermath of World War II.


The global economic downturn had a devastating impact on the airline industry, which led to a slump in demand as fewer people travelled by air.


Many airlines went bust during the downturn, not just due to a fall in demand but also as a result of higher fuel prices.






Share on



Comment on this Article
Comment:
Title:
Name:
Please Enter
 
Here
  

 Search News

 Look For
Business
Credit cards
Finance
Loans
Money
Mortgages

 
 Stock Quotes *
SYMBOL
LAST
CHANGE
DOW JONES
10340.69
-107.24 ( -1.03 %)
NASDAQ
2792.28
22.57 ( 0.81 %)
FTSE 100
5741.15
38.78 ( 0.68 %)

SYMBOL ( 2012-01-19 )
LAST
CHANGE
STANDARD CHARTERED ( 11:35am )
1559.00
70.00 ( 4.76 %)
WOLSELEY PLC ( 11:35am )
2250.00
70.00 ( 3.20 %)
CARNIVAL ( 11:35am )
2017.00
46.00 ( 2.42 %)
LAND SECURITIES GROUP ( 11:35am )
679.50
36.50 ( 5.63 %)
WHITBREAD ( 11:35am )
1662.99
33.99 ( 2.09 %)

SYMBOL ( 2012-01-19 )
LAST
CHANGE
3M COMPANY ( 12:34pm )
85.78
0.71 ( 0.83 %)
BOEING CO ( 12:34pm )
75.70
0.64 ( 0.85 %)
JP MORGAN CHASE CO ( 12:34pm )
37.03
0.49 ( 1.33 %)
IBM ( 12:34pm )
181.50
0.43 ( 0.24 %)
WAL MART STORES ( 12:34pm )
60.44
0.43 ( 0.72 %)

SYMBOL ( 2012-01-19 )
LAST
CHANGE
F5 NETWORKS INC ( 12:11pm )
122.38
13.92 ( 11.80 %)
ICO GLOBAL COMM CL A ( 8:01pm )
99999999.99
9.37 ( 366.02 %)
PRICELINECOM INC ( 12:23pm )
525.40
6.57 ( 1.26 %)
AMAZONCOM INC ( 12:04pm )
195.65
6.21 ( 3.25 %)
MILLICOM INTERNATIONAL CELLULAR SA ( 4:00pm )
110.18
4.82 ( 4.43 %)

Gainers & Losers
Dow Jones
Euro Stoxx 50
FTSE 100
FTSE 250
FTSE AIM
FTSE ALL
Nasdaq

 Portfolio Manager

You must log in to access this area of the site. If you are not a registered user click here to sign up for instant access!


 Finance Explained

Money making ideas

Save money

Money management
Savings accounts
Investing money
Share dealing
Stock broker
Forex currency trading
Pension plans
Functions of Money

(c) 2007 viploan.co.uk, All Rights Reserved
*viploan.co.uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.