02/05/08: Global Traffic Continues to Slow
Geneva - The International Air Transport Association (IATA) announced global scheduled international traffic data for March. Compared to the same month in the previous year, passenger demand increased 5.8% with load factors at 77.7%. Freight traffic grew 3.2%. March passenger growth is positively skewed by the Easter holiday period which was in April of the previous year. Adjusting for this distortion, real traffic growth in March was 4%. The slowdown in the demand growth continues the sharp downward trend which began in December 2007 as the impact of the US credit crunch began to be felt in the airline industry. International passenger load factors were equally skewed. When adjusted to take into account artificially high utilisation over the Easter period, the March load factor was 76.1%. While still high, this is 1.7 percentage points lower than the 77.8% recorded for the same month in 2007. This fall indicated that the slowing of demand occurred faster than airlines could cut capacity. International freight growth of 3.2% remains sluggish and well below the 4.3% growth recorded in 2007.

















