World airline traffic back above pre-recession levels, but Europe still weakest

IATA reported that demand rebounded “strongly” in May-2010, following the impact of the European “volcanic ash fiasco” in Apr-2010. Director General and CEO, Giovanni Bisignani, commented that "passenger traffic is now 1% above pre-recession levels, while the freight market is 6% bigger. However, the situation in Europe, both in terms of traffic and financial recovery, remains weak. [783 words]

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This report contains the following subheadings:

• Double-digit traffic increases in May-2010
• Load factor gains sustained
• Strong surge in cargo traffic
• Aircraft utilisation remains below pre-recession levels
• Europe remains the weakest region - cargo a bright spot

This report contains the following charts and tables:

• IATA traffic results: May-2009 vs May-2010 growth levels
• IATA airlines RPK growth by region: May-09 to May-2010
• IATA airlines passenger load factor by region: May-09 to May-2010
• IATA airlines ASK growth by region: May-09 to May-2010
• IATA airlines FTK growth by region: May-09 to May-2010
• IATA global and European  outlook for 2009 and 2010: Previous forecasts (Dec-2009 and Mar-2010) and current forecast (Jun-2010) 
• Net profits by region (USD billion): 2009 and 2010