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.

IATA MEMBERS' AVERAGE Oct 2001 Jan-Oct 2001

(International Scheduled Services)

Passenger Traffic, % change over '00 - 23 - 2

(Revenue-Passenger-kilometres)

Passenger Seat Supply, % change over '00 - 9 + 1

(Available-Seat-kilometres)

Passenger Load Factor, (% points) 63 72

Freight Traffic, % change over '00 - 15 - 7

(Revenue Tonne-kilometres)

Source: Extracted from IATA Monthly International Statistics.