»»November International Air Traffic Data: the Drop Continues
According to data released by IATA, international air cargo traffic dropped by 13.5 percent in November. It’s the worst drop since the September 11 terror attacks, reflecting the impact of the economic downturn and the associated fall in global trade.
International air passenger traffic fell by 4.6 percent from a year earlier, the worst drop in the past three months — it was 1.3 percent down in October, 2.9 percent in September.
Regionally
Freight traffic declined by 16.9 percent for the Asia-Pacific airlines, with North American, European and Latin American carriers also registering double-digit drops.
Asia-Pacific carriers were also the heaviest hit in the air passenger traffic with a 9.7 percent drop.
North American airlines recorded a decline of 4.8 percent.
Middle Eastern airlines posted a growth of 5.6 percent — it was a double-digit growth before the crisis.
Industry analysts say that despite weakening demand, many airlines will be in better financial conditions in 2009 because lower fuel prices would more than compensate for fewer passengers.
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