High energy prices, inflation tendencies, declining stock markets and the slowing economy account for the contraction in world domestic traffic in July, according to Airports Council International (ACI). Total global traffic was flat compared to the same month in 2007, with international traffic growing only 1% and domestic traffic contracting 1.4%, the second consecutive month of decline-results that ACI notes are below average for the season. In the U.S., nearly every major airport felt the impact of route and frequency cuts, according to ACL Meanwhile, in Europe, decreased demand and alternative transport modes continue to affect domestic traffic. World freight traffic also remained sluggish for the month. Total freight handled worldwide was down by 1.5% compared to the same month last year, with international and domestic tonnage shrinking 1.5% and 1.7%, respectively.
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