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December passenger traffic demand rose by 6.7 per cent, down from 9.3 per cent in November, IATA said in a statement.
"The slower growth for passenger demand in December sets the trend for the coming months," IATA chief executive officer Giovanni Bisignani said.
"Oil prices are higher than ever. Economic uncertainty accompanying the US credit crunch is broadening," he added.
IATA expects passenger demand growth at 5 per cent in 2008, down from 7.4 per cent in 2007.
The year just ended was "the best in recent memory," Bisignani said.
"Strong passenger growth of 7.4 per cent was a key component of the industry's 5.6 billion dollar profit in 2007 -- the first black number since 2000," he said.
Average international passenger load factors reached an industry record of 77 per cent in 2007, up from 76 per cent in 2006.
Middle Eastern carriers registered the strongest growth in 2007 with passenger demand up 18.1 per cent, reflecting strong regional economies, the impact of oil wealth, expanded capacity and new routes, IATA said.
Asia Pacific carriers saw 7.3 per cent growth, showing the "continuing strength of the Chinese and Indian economic expansion," it added.
International freight traffic grew 4.3 per cent in 2007, down from 4.6 per cent the previous year.
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RatingYou see place like Dubai and Saudi Arabia where shariah law prevails. The crime rate at lowest level. The people feel secure and the women can walk freely even in night without any body dare touching them. Ask any hindu women staying in Dubai and Saudi arabia. You will be enlightened and forced to advocate shariah law in whole of India.
You see place like Dubai and Saudi Arabia where shariah law prevails. The crime rate at lowest level. The people feel secure and the women can walk freely even in night without any body dare touching them. Ask any hindu women staying in Dubai and Saudi arabia. You will be enlightened and forced to advocate shariah law in whole of India.
You see place like Dubai and Saudi Arabia where shariah law prevails. The crime rate at lowest level. The people feel secure and the women can walk freely even in night without any body dare touching them. Ask any hindu women staying in Dubai and Saudi arabia. You will be enlightened and forced to advocate shariah law in whole of India.
We're looking forward to succeeding in that campaign," he said by telephone from Tokyo, where Boeing has a major presence.Boeing's F-18 Super Hornet, Lockheed Martin's F-16 and the Russian-built MiG-35 and MiG-29 are front-runners for the contract to provide combat planes to India, which wants to replace its ageing MiG-21s, industry sources have said.
Most of Indian population lives with monthly income of 2000 rupees or less. These are the major reason for civil unrest and spread of extremist movements all over India. It'll be very helpful if we get the data regarding reduction of poverty level (on % of population basis). Income of some people like (world’s richest person, Mukesh Ambani or so).
That's true.
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