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ACI: Pax traffic growth remains modest, cargo growth flat in May-2012

9-Jul-2012 2:42 PM

ACI announced (06-Jul-2012) global airports have reported consecutive monthly passenger numbers growth for the past two years with passenger numbers growth in May-2012 increasing 3.0% year-on-year. The industry association attributed the growth to airports based in emerging markets including the Middle East (+11.5%), Africa (+9.4%) and Asia Pacific (+7.1%). Developed economies of Europe and North America reported slight increases of +0.8% and +0.7%, respectively. Overall growth in freight markets was almost flat for the month of May-2012. Details include:

  • Passenger numbers: +3.0% year-on-year;
    • Domestic: +2.0%;
    • International: +4.3%;
  • Cargo volume: +0.4%;

ACI: “For the most part, the story remains the same with respect to air travel. Regardless of the downside risks in the major economies of Europe, it continues to be business as usual for the international traveller. When we look at the aggregate sum of international passenger traffic over the last twelve months, we see a growth rate of almost 6% year over year, which is impressive given the economic environment. International air freight, on the other hand, sings a different song. International freight has declined by -2% over the last twelve months showing the decline in global trade whilst there seems to be a greater focus now on domestic freight markets,” Rafael Echevarne, economics director. Source: Company statement, 06-Jul-2012.