Global passenger traffic growth slips to 5.3%

Singapore

GLOBAL passenger traffic growth corrected in September by easing slightly to 5.3 per cent year on year, down from a robust 6.3 per cent expansion in August.

Overall, demand growth is in line with expectations, though a strengthening in certain regions - such as the US and Asia-Pacific - is being offset by emerging weakness in others, such as Europe. The monthly passenger traffic report by the International Air Transport Association (Iata) showed that global capacity expanded by a slightly slower 5.1 per cent, pushing load factor up 0.2 percentage points to 80.3 per cent.