Two paced aviation recovery: Emerging markets streaking ahead

The latest international air traffic report from IATA (for Jan-2010) confirms the industry is recovering as a whole, but there is a growing divergence between the 'Haves' (ie strong economies, traffic growth) and the 'Have-nots' (tepid economies and traffic growth). IATA observed, "the pace of the upturn has been quite strong - above the 6% trend - but whether that pace continues through 2010 will depend on the economic recovery widening to include more robust consumer spending in the big developed markets of North America and Europe".