Int Traffic above pre recession levels
The International Air Transport Association (IATA) released international traffic results for September today, reported that international passenger traffic had a 10.5% year-on-year increase which is significantly stronger than the 6.5% rise recorded for August. International freight traffic recorded a 14.8% year-on-year increase, which is significantly weaker than the 19.0% rise recorded in August. The contrast between the performance of freight and passenger markets provides a mixed picture for industry performance. Seasonally adjusted figures show that, compared to the previous month (August), passenger traffic in September expanded by 2.1% while freight markets contracted by an equal 2.1%.