Friday, August 09, 2019

Solid air passenger demand, record load factor in June: International Air Transport Association

The International Air Transport Association (IATA) on Thursday announced global passenger traffic results for June showing that demand (measured in revenue passenger kilometres or RPKs) rose by 5% compared to June 2018.

This was up slightly from the 4.7% year-over-year growth recorded in May. June capacity (available seat kilometres or ASKs) increased by 3.3% and load factor rose 1.4% points to 84.4% which was a record for the month of June.

"June continued the trend of solid passenger demand growth while the record load factor shows that airlines are maximising efficiency. Amid continuing trade tensions between the United States and China, and rising economic uncertainty in other regions, growth was not as strong as a year ago, however," said IATA's Director General and CEO Alexandre de Juniac.
June international passenger demand rose 5.4% compared to June 2018 which was an improvement from 4.6% annual growth recorded in May. All regions recorded increases in growth led by airlines in Africa.

Capacity rose 3.4% and load factor climbed 1.6% points to 83.8%. European airlines saw traffic rise 5.6% in June compared to June 2018 in line with 5.5% demand growth the month before.

The solid growth occurred against a backdrop of slowing economic activity and declining business confidence in the Euro area and the UK.
India's domestic market continues to recover from the demise of Jet Airways with demand rising 7.9% in June compared to the year-ago period.

"The peak summer travel season in the Northern Hemisphere is upon us. Crowded airports are a reminder of the vital role aviation plays in connecting people and commerce," said de Juniac.
08/08/19 ANI/DNA
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