Pax growth slows to 5.6% in Aug-2010; freight growth up 15%: ACI

ACI announced that overall passenger growth slowed in Aug-2010 to reach 5.6% year-on-year growth, confirming softening trend expected the industry body expects for the remainder of the year. ACI results for Aug-2010 include:

• Passenger growth: 5.6%;
  • International passenger: +6.3%;
  • Domestic passenger: +4.9%;
• Freight growth: +15.1%;
  • International freight: +19.0%;
  • Domestic freight: +7.1%. [more]

ACI: "While it is normal to see growth numbers coming down as we start to compare growth against growth, it is positive to see that the number of airports that still lose traffic reduced drastically with some regions showing nothing but positive figures in the sample. Further softening of growth rates can be expected during the last four months so that worldwide passenger numbers are expected to increase between 4% and 5% in 2010 … Total freight growth in August of 15.1% was lower than the 12-month rolling average of 16.6% which indicates a sharp softening of the recovery. The relatively moderate numbers in Asia Pacific and the Middle East which account for half of the international air freight market could point to further slowing of trade." Andreas Schimm, Director Economics. Source: ACI, 04-Oct-2010