Traffic data for April showed a rebound in international markets with, 16.5 percent growth over April 2010, the International Air Transport Association says today.
This jump is exaggerated by the fact that in April 2010 during which European airspace was closed due to the volcanic ash crisis, international travel markets in April still were 7 percent higher than the pre-recession peak of early 2008.
Meanwhile, capacity also grew in April, by 16.8 percent, IATA says. Passenger load factors remained roughly equal.
"Eliminating all distortions, we are growing at 3-4 percent. International traffic is now 7 percent above the early 2008 pre-recession levels; load factors are hovering around 77 percent and business confidence is high. Unfortunately two things are spoiling the party: Demand shocks and high jet fuel prices,” said Giovanni Bisignani, the CEO of the group. By "demand shocks," he evidently meant volatile demand impulses created by fare hikes and surcharges, and other factors.
U.S. carriers are seeing much stronger demand in international markets (up 11.9 percent) than in domestic (up 1.2 percent).