ACI Europe reports regional airport performance is below the industry average. Passenger traffic grew 3.4 per cent between 2008 and 2013, although the industry average was 11 per cent. Olivier Jankovec, director general of ACI Europe, said: “After 10 years of extremely dynamic growth, the global financial crisis was really a turning point for regional airports across Europe. Their traffic recovery has lagged behind the industry average. This is mainly due to the fact that airlines have not added much capacity in the market and that they have tended to retrench on hubs, trunk routes and larger markets which are able to deliver higher yields.” First quarter results in 2014 show passenger traffic is picking up, but structural changes to the market and a slow economic recovery means ACI expects current trends to continue as low-cost carriers target larger airports.