The massive hurricane "dealth the airline industry a USD 500-million (385-million-euro) blow at a time when it can least afford it," IATA chief Tony Tyler said in a statement.
Also read: Worst natural calamities in recorded history
The organisation calculated that nearly 17,000 flights were cancelled to the five US airports most affected by the storm, John F. Kennedy, Newark and LaGuardia in New York, as well as the Washington-Dulles and Philadelphia airports. "At the peak of the storm on Monday, October 29, 8.0-9.0 per cent of global capacity was grounded," IATA said, stressing that this was equivalent to 1.6 billion available seat kilometres.
"Hurricane Sandy delivered a concentrated punch to US domestic and North Atlantic travel. And its impact was felt globally," the organisation said. It pointed out that the storm had exacerbated already weak air travel demand due to "slowing world trade and weak business confidence."
All in all, passenger demand had risen 2.8 per cent last month compared to October 2011, but had fallen 0.5 per cent compared to September, IATA said. At the same time, though, freight demand slipped 3.5 per cent year-on-year and 2.2 per cent compared to September.
"Airlines are managing the softer passenger demand environment by limiting capacity growth to keep load factors high," it said, pointing out though that "the rapid decline in freight traffic is outrunning the industry's ability to respond."
Hurricane Sandy had hit the US domestic market the hardest, IATA said, pointing out that around two thirds of all air passengers impacted by Sandy were traveling internally in the United States.
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