Terror Attacks and Slow Economies Weigh on Air Passenger Demand
- Global traffic growing at weakest rate since 2011, IATA says
- Terrorism seen having heavy impact on European travel
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Worldwide airline traffic is growing at the slowest pace in five years as terrorist attacks weigh on demand, with Europe being hurt the most, the International Air Transport Association said.
Passenger demand, measured by revenue for each seat flown a kilometer, grew at an annualized rate of about 3.5 percent in the first half, the industry group said in a report Thursday. IATA represents about 260 airlines making up 83 percent of global air traffic.