ACI World reports passengers traffic rose 5% in Jul-2011:
- Passenger numbers: 347.8 million, +5.0%;
- Domestic: 173.5 million, +3.5%;
- International: 169.7 million, +6.7%;
- Freight: -5.6%;
- Domestic: -11.7%;
- International: -1.2%.
- Total passenger numbers: 347.8 million, +5.0%;
- Total freight volume: 5.8 million tonnes, -5.6%;
ACI: “It is encouraging to see passenger growth continue at a rapid clip, as it has for the past year; the recovery in traffic began in earnest in July 2010. The downturn in freight, however, is cause for concern, as this is the second monthly decline in a row, and more severe than the decrease in June, which was just 2%. In July, market anxiety over sovereign debt in Europe and the US, and the real possibility of a ‘double dip’ recession eroded business confidence, and that often translates into companies drawing down inventories rather than ordering new shipments by air. We will be watching freight developments carefully, as very often declines in freight volumes foreshadow economic problems on the horizon. We are not ready to declare this a trend and we remain cautiously optimistic about the remainder of 2011.” Angela Gittens, Director General. Source: ACI, 06-Sep-2011.