ACI reported (11-Nov-2013) the world’s airports recorded an overall year-on-year growth of 4.1% in passenger numbers in Sep-2013, adding that while overall growth has become relatively subdued as compared to 2012 and 2011 levels, air transport demand has remained resilient in the face of downside risks across the global economic landscape. Air freight, on the other hand, was in negative territory with volumes contracting by 1.1%, as “the sluggishness of air freight is reflective of the wide-ranging loss in steam in the volume of exports and imports across the globe.” [more - original PR]
ACI: “With the slowdown in economic growth in both advanced economies and emerging markets, particularly with respect to China, it’s not surprising to see the uniform slowdown in air freight in these markets. Conversely, passenger traffic, has demonstrated a greater level of immunity to the downside risk exposure in the global economy and emerging markets. Although certain markets continue to operate in an environment of persistent economic uncertainty, particularly with regards to the Euro area and North America, the budding middle class in many emerging markets acts to offset the slowdown in these other economies,” Rafael Echevarne, Economics Director. Source: Company statement, 11-Nov-2013.