Canada Aci World Tender

Airports Council International ACI World has found that global passenger traffic moderated in in the first half of 2019 while the air freight industry continued to experience downturn. The global passenger market grew by 3.9 year-over-year up from 3.1 in May. Year-to-date growth reached 3.6 almost one percentage point below its 12-month rolling average. The freight industry has not fared as well. After falling -2.8 in May the global freight market fell again by -5.1 in June. Total freight volumes declined -3.2 for the first half of the year.The global passenger market managed to sustain its growth rate in June compared to the previous month ACI World Director General Angela Gittens said. While year-to-date results show a slight slowdown the industry continues to show resilience in the face of the weakened global economy. The trade tensions that persist between several major economies and the accompanying GDP growth slowdown have had more impact on the air freight industry which could possibly end 2019 in the negative. ACI collects and analyses data from a significant sample of airports that provide regular reports on month-by-month passenger and freight statistics this forms part of the worlds most comprehensive source for airport traffic data.Passenger trafficThe international passenger market was the main driver in the overall passenger industrys regained momentum in June. The international segment posted a 5.7 year-over-year growth rate two percentage points above Mays results. The mid-year growth for international passenger traffic stood at 4.9 year-to-date close to twice the gains posted by the domestic market during the same period 2.5. The latter gained 2.3 in June slightly below its 2.4 gain in May.Of the major regional markets Europe had the highest growth rate in June with 4.7 on a year-over-year basis. The regions growth rate stood at 4.3 for the first half of the year having just sped ahead of North America. The international segment drove most of its total passenger growth at 5.4 year-to-date versus 1.4 for the domestic market.After performing similarly to Europe until the month of May North America stood at 3.9 by the end of the second quarter. The regions total passenger traffic grew 2.9 on a year-over-year basis in June. Unlike Asia-Pacific and Europe North Americas domestic market remained relatively strong during the first half of the year gaining 3.7 year-to-date versus 4.8 for the international segment.Asia-Pacific remained the lowest performer of the major regional markets in June gaining 2.1. The region ended the first half of the year with 1.9 growth on a year-to-date basis. With rising tensions between Japan and South Korea and the continuing trade spat between China and the United States 2019 may result in loss for Asia-Pacifics major economies. After being the driver of growth for the global air transport industry for the past several years the current trend represents a major shift in the near-term.Africa continued to grow significantly in June gaining 12.3 on a year-over year basis. Year-to-date results for the region stood at 7.1 the highest of all regions. Its international passenger market grew 8.3 for the first half of the year driving most of the total increase.The Middle East posted the second-highest growth in June after Africa with 8.1 gain on a year-over-year basis. The last 12 months have been challenging for the Middle East resulting in a 2.5 growth for the first half of the year. Political tension in the region remained high with limited indication that the high June figures marked a shift in local dynamics.Latin America-Caribbean performed well in June growing 6 for the month. The regions mid-year results were the second highest after Africa at 5.5. The domestic segment was a major driver of the regions performance standing at 6.3 year-to-date.Freight volumesThe international freight market continued to decline in June. Year-over-year results reached -5.1 during the month bringing mid-year figure to -3.2. The domestic segment mostly due to North America and Europes robust performance remained in the positive at 1.3 for the first half of the year.North America was the only major region with a positive year-to-date growth rate having gained 0.5 for the first half of the year over 4 percentage points above Europe and Asia-Pacific. The domestic market drove the North Americas performance having gained 4.1 year-to-date compared to -4.4 for its international market.Asia-Pacific continued its decline in June with total freight volumes falling by -6.5 bringing its year-to-date growth rate to -5.9. Both of its freight markets were negative for the first half of the year at -3.6 for the domestic segment and -6.7 for the international segment. Europe contracted by -7 in June bringing its results to -4.4 for the first half of the year. In line with the global trend its international market drove most of the decline at -4.6 for the period.Latin America-Caribbean declined by -6.3 in June bringing its results to -1.9 for the first half of the year. The regions domestic segment remained positive during the period at 2 compensating for the weakness in its international segment -3.5. Africas air freight industry was along with North America one of the two regional markets with positive growth for the first half of 2019. Its year-to-date result reached 1.6. Africas monthly growth rate has fallen steeply however at 0.3 on a year-over-year basis in June. The Middle Easts air freight industry fell by -7.1 in June bringing the regions year-to-date growth rate to -2.7.