Expansion worldwide slows from 6% to 4.1%
Global air travel continued to expand in September, but at a slower rate than in the first half of the year. The year-on-year growth rate during the month was 4.1%, down on the average 6% growth seen throughout the first half of 2012, IATA’s Air Transport Market Analysis for September writes.
From August there was an uptick in seasonally adjusted air travel, but the weak business environment implies this is erratic and not an upturn in the trend. On international markets, Asia Pacific stands out as the weakest region, increasing just 1.7% year-on-year. Among domestic markets, China and Brazil continue to grow strongly, but India and Japan are contracted.
Seasonally adjusted passenger load factors improved in September after four months of decline. But, the analysis concludes, “with weakness in business confidence and world trade growth persisting, the demand environment for air travel […] markets remains soft”.
[photo: Swedavia/Robert Elmengård]