Saturday, July 07, 2018

Aviation passenger demand stays strong in May as India, China log big growth

Geneva: The International Air Transport Association (IATA) says that global passenger traffic results for May (measured in revenue passenger kilometers, or RPKs) increased by 6.1% compared to the same month in 2017. Capacity climbed 5.9% and load factor rose 0.1 percentage point to 80.1%. IATA Director General and CEO, Alexandre de Juniac said,"May was another solid month in terms of demand growth. As had been expected, we saw some moderation, as rising airline costs are reducing the stimulus from lower airfares. In particular, jet fuel prices are expected to be up nearly 26% this year compared to 2017."
07/07/18 ZeeBiz