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Passenger traffic recovers to reach six months high |
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Written by Staff Reporters
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The International Air Transport Association (IATA)'s November traffic results show that year-on-year international passenger traffic growth recovered to 6.7%, the highest growth rate recorded since May.
International freight traffic growth for the same period remained sluggish at 3.1%. Year to date, passenger traffic is up by 5.8% and freight traffic by 4.8%. The average passenger load factor remained strong at 73.9% in November and is at 76.1% year-to-date.
“While year-to-date traffic growth is slower than the buoyant rates seen in 2004 and 2005, it is in line with the long term industry average growth rate and has been a key factor behind the industry’s improving bottom line,” said Giovanni Bisignani, Director General and CEO of IATA.
The Middle East remains the fastest growing region posting an increase of 18.3% in passenger traffic in November. IATA will release 2006 year-end traffic results on January 29.
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