IATA Half Year Traffic Results: Passenger Growth Strong, Cargo Sluggish

The International Air Transport Association (IATA) released traffic results for the first six months of the year showing 6.3% growth in year-on-year international passenger demand, slightly higher than the 5.9% rise recorded for the year 2006. However, passenger demand growth weakened to 5.3% for the month of June, the lowest growth rate in nine months.Freight demand for the first six months of 2007 grew 2.7%, well below the 4.6% growth recorded for the same period in 2006. While year-to-date demand growth is weaker than forecast, June year-on-year demand for freight grew 4.9%. This is the second consecutive month of strengthening demand for freight, following the 5.0% growth recorded in May, and could be indicating a return to historical growth levels in the 5-6% range.Source: IATA News No. 27. Full June trafic results availbale here.

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