Traffic back to pre-recession levels; slower growth ahead; capacity growth remains concern
IATA reported that international air travel and air freight markets slowed in Aug-2010, with air travel volumes (RPKs) slowing from a revised 9.5% year-on-year growth rate in Jul-2010 to 6.4% in August. Airfreight volumes (FTKs) slowed from 23% to 19.6%. However, global passenger traffic is now 2% above pre-recession levels of early 2008 with global international cargo traffic 3% above the pre-recession levels.
