Fewer people chose to book international flights in October according to new figures from the International Air Transport Association (IATA).
The figures showed that international passenger traffic had declined by 1.3 percent compared to October 2007 – a smaller decline than last month’s fall of 2.9 percent.
Commenting on the findings, Giovanni Bisignani, IATA’s director general and chief executive officer, said that the situation within the airline industry remained "critical".
"While the drop in oil prices is welcome relief, recession is now the biggest threat to airline profitability," he said.
Mr Bisignani added that, despite the gradual slowing in the decline of passenger traffic, the worst may yet be to come.
Despite the findings, European carries actually saw a 1.8 percent increase in passenger turnover over the course of October. The biggest losers were Asia-Pacific carriers, which carry 31 percent of international passenger traffic. They saw passenger numbers fall by 6.1 percent.
Last month, IATA revealed that international passenger numbers had fallen for the first time since the Sars outbreak in 2003.