Friday, March 9, 2007

International Civil Aviation Organisation predicts continued aviation industry growth

A forecast from the United Nations' International Civil Aviation Organisation predicts that the global passenger traffic will continue growing for the next three years.

The growth follows the recovery from the 11 September 2001 terrorist attacks and the Severe Acute Respiratory Syndrome (SARS) outbreak. The report states that the global airline passenger traffic is expected to grow by 7.6%, 6.5% and 6.2% in 2005, 2006 and 2007, respectively.

Airline travel started its recovery in the latter half of 2003, rebounding by 14% in 2004, The Associated Press reported. The rebound was partly caused by the recovery of Asia-Pacific region airlines, which were also hit the worst by the SARS outbreak. Stronger economies and sustained growth in the Middle East also aided the rebound.