Implications of the financial crisis could be worse than fuel – ACI

Airports Council International (ACI) Director Economics, Andreas Schimm has warned that while the effect of high oil prices may begin to fade as we head into Winter, the implication of the international crisis in the financial markets for air traffic demand "could be worse". The warning comes as the world's airports reported "resilient" international passenger traffic (with the exception of the Asia Pacific region) in the peak Summer month of Aug-08, but poor domestic throughput.