The Straits Times
Published on Nov 02, 2012

Global airline passenger traffic growth slows: Iata


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

Global air cargo demand meanwhile grew just 0.6 per cent in September compared with the same month last year, the Geneva-based organisation said in a statement.

Passenger traffic growth in September was disappointing, after growing 6 per cent during the first half of the year and 5.3 per cent 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 strong business performance," Iata chief executive Tony Tyler said in the statement, before adding: "It's a tough year."