November airline growth crimped by snowstorms that shut airports across the continent
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.
passenger-traffic volume rose 8.2 percent from a year earlier, IATA said in an
emailed statement on Thursday.
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.
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.”
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.
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.
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.
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