The International Air Transport Association (IATA) reported global year-to date traffic for the first eight months of 2011 showing increases of 6.1% for passenger and 0.2% for cargo traffic compared to the same period in 2010. IATA has increased its industry 2011 net profit forecast to USD 6.9 billion from the USD 4 billion it projected in June. Profits are expected to decrease to USD 4.9 billion in 2012.
Airbus and Boeing announced 1,710 orders in the first three quarters, which is more than double compared to last year (824). The backlog for large commercial aircraft increased from 6,995 aircraft at the end of 2010 to 7,736 at the end of September 2011. The aircraft manufacturers delivered 723 aircraft in the first three quarters, about the same level as last year.