Following a negative month in June with -2.9% growth from the year before any rebound has been modest with 1.8% growth in July and 1.4% growth in August. Aggregate growth for the last three months is just 0.3% over the previous year. July and August are the peak months of the year. The percentage change in the 12 month rolling totals from AIA have now successively rolled down: May 5.2%; June 4.6%; July 4.2%; August 3.7%.
I will update with graphics when Cairns Airport post their version of the numbers. Meanwhile seat belts fastened and fingers crossed for a soft landing or maybe even a touch-and-go from G20 traffic!