20-Oct-2011 11:51 AM

CAAC downgrades 2011 pax and cargo forecast

CAAC has adjusted its 2011 traffic target, downgrading its passenger numbers growth target from 13% to 8% and cargo traffic growth is expected to be flat when compared to the previous year, down from CAAC’s previous target of 11.5% growth, according to a Yicai report. In the first nine months of 2011, CAAC reported an 8.8% year-on-year increase in passenger numbers and 1.0% decline in cargo traffic.