November airline growth crimped by snowstorms that shut airports across the continent
Air-traffic growth slowed in November, led by European carriers because of the cold weather that disrupted flights toward the end of the month, the International Air Transport Association said on Thursday.
International passenger-traffic volume rose 8.2 percent from a year earlier, IATA said in an emailed statement on Thursday.
Growth slowed from 10 percent in October and 10.7 percent in September. The steepest gain this year was in June when traffic climbed 11.9 percent.
“Industrial labour action and adverse weather conditions particularly affected Europe’s carriers at the very end of the month,” IATA said in the statement. “The impact of these will continue to be seen in December’s traffic.”
Middle Eastern carriers recorded a 16.7 percent increase in traffic, the fastest pace among all regions. Growth still slowed from 17.8 percent in October.
European carriers led by Air-France KLM Group, Deutsche Lufthansa and British Airways increased passenger traffic by 7.3 percent last month, slowing from growth of 9.4 percent in October.
Airlines worldwide may post a 40 percent drop in combined profits next year on rising fuel costs and restrained government spending in Europe, IATA said December 14.
“The industry is shifting gears in the recovery cycle,” IATA Chief Executive Officer Giovanni Bisignani said in the statement. “Growth is slowing toward normal historical levels in the 5 to 6 percent range. Relative weakness in developed markets is being offset by the momentum of economic expansion in developing markets.”