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ICAO reports traffic growth of just 1.8% in 2008, forecasts huge operating loss
ICAO reported yesterday that preliminary traffic figures show that scheduled airline traffic (RPKs) for airlines of the ICAO member states rose just 1.8% in 2008 compared to 2007, a significant slowdown following the 7.1% rise in 2007 over 2006.
Passenger enplanements climbed approximately 0.8% to 2.29 billion. ICAO said that the growth "was shared unequally between IATA airline members and other types of carriers, notably Low Cost Carriers. The non-IATA market share increased significantly, reaching 33% of domestic scheduled traffic and around 20% of total scheduled traffic."