Millennium Post

‘Global air passenger traffic growth slows’

Global air passenger traffic growth has slowed considerably, and rose by just 4.1 per cent year-on-year in September, the International Air Transport Association (IATA) said on Friday.

Global air cargo demand meanwhile grew just 0.6 percent in September compared with the same month in 2011, the Geneva-based organisation said in a statement.Passenger traffic growth in September was disappointing, after growing 6.0 percent during the first half of the year and 5.3 percent in August, IATA said, pointing out that sector growth had started to flatten out in the second quarter this year.

‘The fact that airlines are making any money at all with weak markets and high fuel prices is a tribute to their  business performance,’ IATA chief executive .
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