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ACI: Pax traffic growth slows to 2% as air freight contracts in Jul-2012

10-Sep-2012 1:31 PM

ACI reported (07-Sep-2012) passenger growth at global airports slowed to 2% year-on-year in Jul-2012, with continued strong demand in emerging markets including Asia Pacific, the Middle East and Latin America counterbalancing the slowdown in Europe and North America markets. Beijing, Dubai and Sao Paulo airports achieved growth of +6.1%, +6.0% and +9.0% respectively. Cargo volume, however, fell 2% in Jul-2012. All regions except Africa and the Middle East, reported declines in freight traffic. Details include:

  • Passenger numbers: +2.2% year-on-year;
    • Domestic: +1.8%;
    • International: +2.9%;
  • Cargo volume: -2.1%;

ACI: “Regional trends in air transport markets continue to be mixed reflecting the combination of resilient demand from emerging markets and the slowdown of European and American economies. The net result is a modest overall growth rate in passenger traffic for the month of July. Air freight, on the other hand, is clearly in a contraction phase as business confidence wanes in parallel," Rafael Echevarne, economics director. Source: Company statement, 07-Sep-2012.