Worldwide traffic slips further into decline: CAPA

According to a Centre for Asia Pacific Aviation (CAPA) report, International Air Transport Association's (IATA) latest traffic statistics for September 2008 have revealed an alarmingly fast-paced and widespread decline in traffic, which even the drop in oil prices and deep discounting by carriers worldwide may not be able to stem. The industry body is now forecasting that losses may be even deeper than their forecast USD 5.2 billion for this year.

IATA passenger traffic and capacity: September 2008

Overall passenger traffic tumbled 2.9 per cent in the month, while capacity increased just 1.1 per cent. The negligible capacity growth has been helped in no small part by the ongoing Boeing strike, which meant the manufacturer was unable to deliver approximately 30 aircraft during the month.