SIA Nov traffic slump biggest in 5 years

(Singapore) Singapore Airlines, the world's largest carrier by market value, reported its biggest
slump in traffic in more than five years as a global recession cuts travel demand. Passenger
numbers slid 6.1 per cent last month to 1.54 million, the airline said in a Singapore stock
exchange statement yesterday. That's the biggest drop since a 7.6 per cent decline in August
2003, according to data compiled by Bloomberg.
SIA's traffic has declined in two of the past three months as financial firms cut business travel
and people cancel leisure trips. Global air traffic will decline 3 per cent next year, the first drop
since 2001, the International Air Transport Association has said. The airline gained 0.2 per cent
to $11.06 in trading yesterday. The shares have declined 36 per cent this year.

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