Air travel recorded ‘another solid month’ of growth in July, according to the International Air Transport Association (IATA).
It said overall traffic in revenue passenger kilometres (RPKs) was up 5% year-on-year in July, and all regions showed growth, with emerging markets recording the strongest increases.
However, Tony Tyler, IATA’s director general and chief executive, said: ‘The story of emerging markets driving growth as developed economies stagnate could be shifting.
‘We are still expecting growth of 5% this year. How that growth is achieved, however, appears to be at a turning point.
‘The emergence of the eurozone from an 18-month recession provided the biggest boost to traffic over recent months.
‘In contrast, the deceleration of the Chinese economy has been a dampener on air travel, with weakness showing up throughout emerging Asian markets.’
European carriers recorded a 3.7% increase in demand from July 2012, in line with year-to-date growth, but significantly below their June result (+5.3%).
IATA said: ‘The eurozone emerged from its 18-month recession during the second quarter, giving grounds for cautious optimism for the region’s performance in the second half tempered by significant variations by country.’