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ACI: Passenger traffic slows to 2.3% growth as air freight stagnates in Oct-2012

12-Dec-2012 1:31 PM

ACI reported (11-Dec-2012) global passenger traffic showed only modest growth, +2.3% year-on-year, in Oct-2012 while emerging markets in Asia Pacific, Latin America-Caribbean and the Middle East all reported growth of more than 5%, the economic slowdown in North American and European markets resulted in almost no change in year-over-year passenger traffic. Most noticeably, Singapore, Istanbul and Jakarta continued to experience double-digit growth rates. Meanwhile, with an overall slowdown in the movement of goods across borders, international air freight has contracted by -1.2%, while total freight remains flat. Several major international freight hubs experienced sharp declines in air freight traffic. Conversely, the volume of domestic freight traffic increased by +1.8% in Oct-2012. [more - original PR]