April 23, 2012, 8:13 a.m. ET
DOHA (Zawya Dow Jones)--Airline industry confidence has improved over the last three months with a pick up in passenger traffic and a rosier cargo outlook, although high-fuel costs continue to dog the sector, aviation's industry body said Monday.
Improving economic conditions in the U.S. and robust emerging markets have supported air travel over the last quarter, the International Air Transport Association, or IATA, said in its quarterly business confidence index.
However, input costs stayed high in the first quarter of 2012 and are likely to keep rising throughout the year, the report said.
"Given the recent spike in oil prices and continued uncertainty about the situation in Iran, the expectation is for a significant increase in input costs over the next 12 months," IATA said.
-By Alex Delmar-Morgan, Dow Jones Newswires
Improving economic conditions in the U.S. and robust emerging markets have supported air travel over the last quarter, the International Air Transport Association, or IATA, said in its quarterly business confidence index.
However, input costs stayed high in the first quarter of 2012 and are likely to keep rising throughout the year, the report said.
"Given the recent spike in oil prices and continued uncertainty about the situation in Iran, the expectation is for a significant increase in input costs over the next 12 months," IATA said.
-By Alex Delmar-Morgan, Dow Jones Newswires
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