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07-12-2001 |
IATA AIRLINES - OCTOBER TRAFFIC SHOWS INTENSIFIED DECLINE


A further seven point fall - to less than 63 percent - in the passenger load factor took place in October on the international scheduled services of IATA airlines. This reflected an intensified decline in traffic, as well the effect of an average 9 percent cut in capacity. The year-on -year fall of 23 percent in October passenger traffic worldwide made the cumulative change for the first 10 months of 2001 negative. If projected to end-year this will result in a fall in passenger traffic of 5 percent in 2001. During those first ten months, total traffic (passengers plus freight) fell by more than 4 percent, against a total capacity increase of 1 percent (these figures do not appear on the summary table, below). Projected to end-year total capacity may decline by 1-2 percent, and overall traffic by 6-7 percent. North American IATA carriers on average had a 33 percent fall in passenger traffic in October; for European, Far Eastern and Central & South American carriers on average the falls ranged from 20 to 25 percent.
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