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SYDNEY : The International Air Transport Association (IATA) said the airline industry continued to see strong demand in July.
But it also warned that the recovery is now entering a second phase of slower growth.
"Further growth will be largely determined by consumer spending which remains weak," IATA Director General and Chief Executive Giovanni Bisignani said in a statement.
Controlling costs and reaching agreement with trade unions to avoid strikes are key, while governments around the world need to relax regulatory structures to allow more cross border consolidation, he added.
Releasing its international air traffic data on Wednesday, IATA said international passenger demand was up 9.2 percent on-year.
At the same time, international scheduled freight traffic showed a 22.7 percent on-year improvement.
The year-on-year comparisons for July were less than June's growth data, which saw passenger traffic up by 11.6 percent and cargo traffic up by 26.6 percent on-year.
IATA said the slowdown was entirely due to the fact that by July last year, traffic was already starting to recover.
It also noted that July's global passenger traffic was 3 percent higher than the pre-crisis levels of early 2008.
Carriers in the Asia Pacific continued to outperform the industry average with a 10.9 percent on-year growth in July.
The region's carriers are expected to lead the industry's recovery.
IATA is predicting that carriers in the Asia Pacific will report a profit of US$2.2 billion.
If confirmed, it will be the largest gain in dollar terms in 2010 compared to 2009. - CNA/ch
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