Strong Traffic Demand in First Quarter - But Oil Remains the Wild Card for Profitability

March 2006 over March 2005	RPK Growth	ASK Growth	PLF	FTK Growth	ATK Growth
Africa	7.4%	8.6%	69.5	3.2%	7.6%
Asia/Pacific	6.2%	3.0%	74.5	5.7%	4.1%
Europe	3.3%	4.4%	75.1	4.5%	3.7%
Latin America	1.3%	1.3%	72.8	9.9%	2.0%
Middle East	18.1%	18.1%	72.4	19.9%	18.9%
North America	5.5%	6.3%	81.2	5.3%	7.0%
Industry	5.7%	5.2%	75.5	6.2%	5.6%

Jan-March 2006 over Jan-March 2005	RPK Growth	ASK Growth	PLF	FTK Growth	ATK Growth
Africa	6.6%	9.7%	68.8	2.8%	7.1%
Asia/Pacific	6.0%	3.4%	74.3	5.7%	4.3%
Europe	4.7%	4.3%	73.6	2.2%	3.6%
Latin America	2.7%	2.7%	73.4	9.9%	4.3%
Middle East	17.5%	15.2%	73.7	16.6%	15.6%
North America	4.3%	4.4%	77.4	4.4%	5.9%
Industry	5.9%	4.9%	74.4	5.2%	5.3%

Editors Notes:

• IATA (International Air Transport Association) represents 265 airlines comprising 94% of international scheduled air traffic.
• Explanation of measurements:
  • RPK: Revenue Passenger Kilometres measures actual passenger traffic
  • ASK: Available Seat Kilometres measures available passenger capacity
  • PLF: Passenger Load Factor is % of ASKs used. In comparison of 2006 to 2005, PLF indicates point differential between the periods compared.
  • FTK: Freight Tonne Kilometres measures actual freight traffic
  • ATK: Available Tonne Kilometres measures available total capacity (combined passenger and cargo)
• IATA statistics cover international scheduled air traffic; domestic traffic is not included.
• All figures are provisional and represent total reporting at time of publication plus estimates for missing data.
• All figures are provisional and represent total reporting at time of publication plus estimates for missing data.
• The full text of Giovanni Bisignani's speech at the UK Aviation Club is available at www.iata.org
• The IATA Annual General Meeting and World Air Transport Summit will be in Paris from 4-6 June 2006. For further information on media attendance, please contact Joanna Grimble on +41 22 770 29 62