Global airline passenger traffic rose 5.9 per cent last year despite weak conditions according to the International Air Transport Association.
“‘Given the weak conditions in Western economies the passenger market held up well in 2011,'” IATA said in a statement, describing the year as one of contrasts.
“‘Healthy passenger growth, primarily in the first half of the year, was offset by a declining cargo market,'” it said.
The Geneva-based association, which represents some 240 airlines accounting for 84 per cent of global air traffic, noted that cargo fell 0.7 per cent last year although it picked up 0.2 per cent in December alone.
source: The Economic Times