Commercial air traffic down dramatically in November

From the Airports Council International (press release):

Worldwide passenger traffic dropped sharply by 8 percent in November 2008 as compared to November 2007, according to reports from the 165 key airports that participate in the monthly advance reporting system. International traffic, previously the driver of robust growth during the first half of 2008, decreased in November by 5.8 percent.

Worldwide passenger trends - through November 2008

Worldwide passenger trends - through November 2008

More sobering statistics: North American domestic passenger traffic was down 12% year-over-year; global air freight dropped 15%.

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