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Tue, 13 Feb 2018

ACI Reports Global Passenger Traffic Up 7.5% in November 2017

Airports Council International (ACI) has reported that global passenger traffic in November 2017 was up 7.5% year-on-year.

 After posting more moderate growth during October, Novemberís freight volumes rose substantially, reaching +7.8% y-o-y.

 Standing at +8.2% on a year-to-date basis and with only one month left in 2017, global freight figures are bound to reach record growth for the year.

Asia-Pacific (+10.6%), Africa (+10.5%) and Europe (+8.1%) all posted particularly high growth in November. International traffic was a key driver for these increases, especially for European and Asia-Pacific markets. Africa continued to experience a strong recovery, following the recession, which affected the continentís largest economies: Nigeria and South Africa. On the other hand, Asia-Pacificís domestic traffic rose significantly during the month, reaching +9.3%. The figure remained below the regionís international traffic growth, however, which stood at +12.9%.

EgyptAir CS300. Click to enlarge.

Total passenger traffic in North America, Latin America-Caribbean and the Middle East grew at a more moderate pace, reaching +4.8%, +3.8% and +3.5% respectively. Both North America and Latin America-Caribbean were negatively affected by weather events during September, the effects of which are progressively receding. The Middle Eastís growth in passenger traffic was still disrupted by tensions between major players in the region, with internal strife disrupting Yemen and the partial blockade against Qatar still underway.

At the local level, Asia-Pacificís largest markets enjoyed significant growth in November, with Indonesiaís passenger traffic rising at +17.9% for its major commercial airports, Thailand at +15.9%, India at +14% and China at +12.5%. On a year-to-date basis, India and Indonesia are set to post double-digit growth in 2017.

Latin America-Caribbean, international passenger traffic reached +6.5%, close to its year to date figures of +6.6%, after sustaining decline in October. This recovery could bring the regionís growth rate to over 7% by end-of-year.

Current global growth by Novemberís end was 6.5%, in line with 2016 numbers. Unless December numbers bring surprises, this year should bring another period of high growth for the airport industry.

The cargo business continued to benefit from a strong growth in volumes in November thanks to global trade. This was reflected in gains in export orders, with global figures reaching +7.8%. 2017 air freight volumes have experienced a record year, with annualized growth over 8% with respect to the previous year.

Africa, North America and Europe once again topped growth figures for total freight, reaching +14.7%, +8.9% and +8.7% respectively. Asia-Pacific (+7.2%), Latin America-Caribbean (+6.9%) and the Middle East (+2.9%) followed, the latter starting to regain speed after slowing down to +1.3% in October. On a year-to-date basis, all regions were posting high growth, at more than 5%.

International freight was the main driver for most of the increases, reaching +7.8% after slowing down to +4.4% over the three months prior to November. Airports in the Asia-Pacific region lead in volumes handled for export and overall growth.

Double-digit growth in total freight volumes will be achieved for airports as a whole in the region for 2017. At the local level, large markets have been contributing to this success, with India (+17.9%), China (+16.7%), Japan (+12.8%) and Thailand (+11.5%) reaching double-digit growth on a year-to-date basis, and Hong Kong (+9.5%) following close behind for international trade volumes.

 The United States, the largest domestic freight market in the world, saw significant strides in volumes, increasing by +5.1% on a year-on-year basis. In Europe, growth was boosted by strong numbers in Spain (+15.6%), the United Kingdom (+13.2%) and Turkey (+11.3%). All three of these countries had year-to-date numbers reaching double-digit growth.

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