is pointing to more evidence of the difficult market conditions for airlines as
global air passenger traffic grew at is slowest rate for five years and freight
traffic fell for the first time since 2005.
for June air passenger traffic as measured in RPKs
grew 3.8% over the same month last year, well below the year-to-date growth
figure of 5.4%. Air cargo traffic meanwhile fell almost 1%.
director general and CEO Giovanni Bisignani says: “The global economic turbulence clearly shows in the
0.8% drop in freight volumes compared to last year. Although the passenger
demand grew by 3.8%, this is the slowest growth that we have seen since the
industry was hit by the SARS crisis in 2003.
consumer and business confidence falling and sky-high oil prices, the situation
will get a lot worse,” he adds.
load factors dropped more than a point from 78.8% to 77.6% as the lower
passenger growth levels failed to match capacity increased 5.5%.
passenger traffic growth slipped among North American carriers – down to 4.4%
in June as opposed to 8.2% growth seen in May – as domestic US
traffic fell 4%.
and Asia Pacific carriers saw growth rates slip to 2.1% and 3.2% respectively.
While Middle East airline traffic still grew
9.6% in June, this was down from nearly 13% growth in May and more than 18% in
June last year.
the freight sector traffic fell 0.8% against the same month last year. This
compares to year to date growth in cargo sector of 2.8% and marks the first fall
in freight traffic for just over three years.