Air travel records 4.5 percent growth in August
Growth in international air passengers improved in August with a rise
of 4.5 percent compared to a year ago, up on the July result of 2.6
The premium and economy passenger numbers rose at the same rate, 4.5
percent. There was also a strong expansion in passenger numbers between
August and July, which counters the negative trend seen in previous
The expansion in passenger numbers is consistent with signs of
improving business conditions, after a period of weakness in
international trade and business confidence earlier in the year.
The improvement in international passenger numbers has been supported
by strong growth in markets such as Europe - Far East (6.7%) and North
and Mid Pacific (7.1%).
The recent weakening of the Eurozone economy is yet to have an impact
on air travel growth.
By contrast, air travel within the Far East and markets connected to
South America continue to show weakness.
Economic and political turmoil in Thailand has damaged tourism demand
over recent months and Malaysian air travel has been impacted by
tragedies related to the flag carrier.
The North America-South America market has been hit by capacity cuts
to Venezuela and weakness in key economies like Brazil and Argentina.