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IATA: Eurozone Recovery Biggest Boost to Traffic

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.’

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