Global Pax Traffic Extends Gains while Freight Volumes Slump | Aviation International News

Global Pax Traffic Extends Gains while Freight Volumes Slump

Middle East leads growth in both sectors

Dubai International Airport saw passenger traffic grow by 10.4 percent in the first half of the year. (Photo: Flickr: Creative Commons (BY) by Martin Feher)

By Gregory Polek • Senior Editor

August 10, 2015

Air transport has managed to avoid severe repercussions from geopolitical risks such as the Greek debt crisis and ongoing events in Ukraine, the Middle East and West Africa during the first half of this year, registering traffic growth of 5.7 percent at the world’s major airports, according to a report released Monday by Airports Council International (ACI). However, ACI called a 3.4-percent growth rate in air freight markets “subdued,” as global demand for foreign goods and commodities weakened since last year and business confidence entered a state of “limbo” for the first half of 2015, a circumstance reflected in a weakening of orders by air and accumulating inventories.

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