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12/12/12

EU air traffic falls for first time in 3 years

Air freight traffic, a closely watched indicator of economic health, fell 2.2 percent in October - the 17th consecutive monthly decline - ACI said in its latest airport traffic report on Wednesday.
"There is no escaping the deepening impact of the European sovereign debt crisis on the real economy," ACI Europe Director General Olivier Jankovec said in a statement.

Air freight traffic was down 2.9 percent overall in the year to October compared with the same period last year.

The figures, which include domestic flights by low-cost airlines such as easyJet (EZJ.L) and Ryanair (RYA.I), showed a 0.15 percent decline in EU passenger traffic due to disruption caused by Hurricane Sandy, which mostly affected large European airports with the highest concentration of transatlantic routes.

Read more: EU air traffic falls for first time in 3 years | Reuters

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