IATA releases Airline Business Confidence Index Jul-2010

IATA released (20-Jul-2010) its Airline Business Confidence Index Jul-2010, which showed a majority of respondents, across all regions, reported improvements during 2Q2010 and expect either stability or further improvement over the next 12 months. IATA upwardly revised its 2010 industry loss forecast from USD2.8 billion to USD2.5 billion in Jun-2010. Confidence about further improvements in profitability over the next 12 months remains high while the outlook for further yield improvement also remains strong - attributable to strong demand, returning premium traffic and high load factors. Meanwhile, more than 80% of respondents reported passenger and cargo growth in 2Q2010 while 80% expect passenger growth over the next 12 months and 74% expect cargo traffic growth over the next 12 months. [more]