Smooth skies on the horizon
By He Wei | China Daily | Updated: 2013-04-18 05:31
Airlines business confidence showed a remarkable improvement in January, according to the latest quarterly research published by the International Air Transport Association, a trade association whose members account for more than 84 percent of the overall global air traffic.
Despite global economic weakness, both passenger and cargo volumes showed a steady pick up over the past three months compared to a year ago, chief financial officers and heads of 240 carriers and cargo companies have reported.
A majority, or 56.3 percent of respondents, expected improved profitability, after financial performance bottomed out at the beginning of 2012.
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