Time Out LA guide
Just because you're not a film star doesn't mean you can't hang out like one – at least for a few days
Time Out Buenos Aires guide
Matt Chesterton and Daniel Neilson share the secrets of a city with a sad soul, but a typical Argentine party spirit
Travel ideas: Bangkok
Time Out takes a break in Thailand and finds holiday heaven. We select our favourite things to do and places to see
Time Out Qinghai guide
Meeting monks and exploring space in one of China's least populated provinces
Bali travel guide
Fancy a break? Bali could be for you, here's what the experts say you really must do, from those in the know
Holidays in Cyprus
We head to the Greek side of the island of Cyprus and find a glorious and simple paradise
48 hours in Rovinj, Croatia
What to do in Croatia's quaintest, cutest and most westerly coastal town
Dubai is home to thousands of Filipinos, but we always forget the Philippines as a potential holiday hot spot. Not anymore
Time Out Italy Guide
Go beyond Italy's big three to find enchanting countryside and beautiful beaches
Time Out Milan city guide
Long-time resident Roberta Kedzierski talks fashion, furniture and football in Italy's most surprising city
Time Out Belgrade city guide
Slobodan Obradovic´ introduces us to his Serbian home city: a centuries-old survivor that's looking to the future
Barcelona area guide
Barrio by barrio, a quick orientation guide to Barcelona's diverse destination districts
Global air travel to rise by 2010
Resurgent consumer confidence could lead to a travel boom next year Discuss this article
The surge in global stock markets and signs of returning consumer confidence suggest global demand for air travel could pick up by mid-2010, the president of Emirates airline said on Monday.
Tim Clark, who has held his post since 2003, said that barring another stock market crash or evidence of a deepening recession, consumer spending is likely to return by next year - a trend that would benefit global carriers.
"On the basis of what we see looking ahead, I think we'll be OK," Clark told Reuters. "I think things will start to come back in the summer of next year."
Clark's comments represent a sharp turnaround from his outlook earlier this year.
In June, he told Reuters on the sidelines of a Kuala Lumpur aviation conference that "every day is a fire-fight" and said the Dubai-based airline had cut fares by 30 percent to drum up demand.
In May, Emirates had reported a 72 percent drop in annual net profit.
But now, after a stronger-than-expected performance this summer, Clark's outlook has improved.
Emirates has raised fares about 22 percent since June, without any slip in load factors. Passenger traffic is more than 20 percent higher this summer than last year. Higher fares have helped the carrier edge toward profitability, Clark said.
"I feel a little bit guilty for allowing fares to fall as low as they did because clearly the market would have supported higher fares," Clark said.
He is quick to note that it could take more time for airlines to see a full recovery of demand, echoing comments from industry group, the International Air Transport Association. Last week, IATA said a recovery in air traffic was under way, but would likely be volatile and weak.
In response to shrinking profits, Emirates slowed its capacity growth. The carrier is currently the single largest customer of Boeing 777 model and a major Airbus buyer as well.
Clark said he was "not sure" if the carrier would buy any planes at the Dubai Airshow slated for November. Emirates currently has $52bn-worth of planes on order, excluding options.
Time Out Dubai,