Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Freight at European airports up 16.8 pct y/y in Dec

Published 02/22/2010, 05:36 AM
Updated 02/23/2010, 09:45 AM

BRUSSELS, Feb 22 (Reuters) - Air freight at European airports grew by 16.8 percent year-on-year in December, industry data showed, as a fragile economic recovery provided support.

Passenger numbers rose 2.2 percent, airports body ACI Europe said, but it remained cautious about the prospects for 2010.

Overall, air freight was down 13.1 percent year-on-year in 2009, while passenger numbers fell 5.9 percent.

"This means 2.8 years of growth lost, with passenger traffic getting back slightly above 2006 levels," ACI Europe director general Olivier Jankovec said in a statement.

"The downturn for freight was even worse, with four years of growth lost," he added. "While the year-end showed some signs of confidence returning, particularly for freight, the pace of recovery for passenger traffic is still very slow."

Freight showed a year-on-year recovery of 5.6 percent in November, but was in negative territory until October. (Reporting by Pete Harrison, editing by Dale Hudson)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.