Global Passenger Traffic Up By 7% In Feb., Says ACI

Manila Bulletin
April 18, 2012

Global passeger traffic posted a 7 percent growth in February 2012 compared to the same period last year with impressive gains observed in all regions, according to the Airport Council International (ACI).

  ACI noted that the emerging markets of the Middle East, Latin America, Caribbean and Asia Pacific witnessed buoyant traffic growth with each region posting increasses of 10.9, 10.2 and 7.7 percent respectively.

  The Asian airports of SoekarnoHatta, Jakarta (CGK), Suvarnabhumi, Bangkok (BKK) and Beijing (PEK) not only continue to be strong contributors to growth patterns for the region as a whole but are among the fastest growing high volume airports globally.

  ACI said the combined effect of rising demand for air travel and a strong deographic weighting have led airports such as CGK to experience exponential growth over the decade.

  The residual effects of political unrest on air traffic have now subsided in Northern Africa. The region as whole has increased by 25 percent as compared to the height of the Arab spring in February 2011, said ACI.

  "While gains in air freight of 5.6 percent providing some optimism that trade in freight has revived from the previous woes of 2011, it should be viewed in the context of factors distorting or over stating actual growth rates."

  Many key high-volume freight airports in Asia had their shipments suspended due to Chinese holidays in February 2012.

  "Both Hong Kong (HKG) and Pudong, Shanghai (PVG) experienced gains of 18.6 and 17.9 percent respectively. Growth is not necessarily uniform across regions. Europe as a whole decreased by -1.5 percent."

  ACI World's Economic Director Rafael Echevarne said: "Although February traffic growth rates are overstated by certain events and weak traffic growth rates are overstated by certain events and weak traffic volumes in February 2011, particularly with respect to Africa, global passenger growth rates have been 3 and 7 percent over the last 10 months."

  "This is on-going evidence of a sustained rise is global demand for air travel over time. Irrespective of the impressive growth for February in some regions, air freight still holds an air of uncertainty."

  "As many Eurozone countries continue to struggle with national solvency concerns, downside risk and adverse effects on Eurozone trading partners will continue to linger," said ACI. (EHL)