Global air passenger traffic growth moderated in the first six months of 2019 at +3.6%, according to ACI World.
The result is nearly one percentage point below the 12-month rolling average.
“While year-to-date results show a slight slowdown, the industry continues to show resilience in the face of the weakened global economy,” commented Angela Gittens, Director General, ACI World.
“The trade tensions that persist between several major economies – and the accompanying GDP growth slowdown – have had more impact on the air freight industry, which could possibly end 2019 in the negative.”
INTERNATIONAL PAX CATALYST
International passenger traffic in the half year rose by 4.9%, almost twice the +2.5% gain recorded by the domestic market for the same period.
Split out by region, international passenger traffic volumes were buoyant in Europe at +5.4% and North America at +4.8%.
The ensuing trade dispute between China and the US and rising tensions between Japan and South Korea meant Asia Pacific ended the first half of the year with overall growth of +1.9% (total passengers), with ACI World suggesting these factors may result in a loss for region’s major economies.
In Africa, international pax grew by 8.3% and was responsible for most of the 7.1% regional increase year-to-date.
Latin America-Caribbean returned the second highest mid-year growth performance at +5.5%, next to Africa at +7.1%.
Commenting on the Middle East, ACI World said: “The last 12 months have been challenging for the Middle East, resulting in a +2.5% growth for the first half of the year. Political tension in the region remained high, with limited indication that the high June figures marked a shift in local dynamics.”
ACI World harvests and analyses data from a sizeable sample of airports, providing regular reports on monthly passenger and freight statistics.
All tables courtesy of ACI World.