Asia's airline industry to see 6% rise in passenger traffic: analysts

Growth in the number of air passengers in Asia is likely to hit the upper end of analysts' forecast of between 4 and 6 percent for the full year.
This is despite increased security restrictions and inconveniences arising from the failed plot to bomb planes in Britain last week.
Abacus International - whose air travel reservations mirror industry trends - says its mid-year numbers show robust and resilient demand especially in Asian markets such as India, China, South Korea and Vietnam.
Overall, the industry is projecting that Asia will net a profit of US$1.7 billion for the year, making it the most profitable region for the airline industry.
This compared to the global airline industry, which is expected to make a loss of US$3 billion for the year.
15/08/06 Jeana Wong/Channel News Asia, Singapore

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