Global passenger demand up 6.3% y-o-y in October, says IATA
KUALA LUMPUR (Dec 7): Global passenger traffic results for October showing that demand (measured in revenue passenger kilometers, or RPKs) rose 6.3% year-on-year, according to the International Air Transport Association (IATA).
In a statement yesterday, IATA said this marked a rebound from 5.5% growth recorded in September, which was an eight-month low.
It said capacity also grew 6.3% and load factor was flat at 81.1%, matching last year’s record for the month.
It explained that airlines in all regions recorded gains.
It said total capacity climbed 6.1%, and load factor increased 0.1 percentage point to 79.8%.
IATA director general Alexandre de Juniac said October’s healthy performance is reassuring after the slower demand growth in September—some of which was attributable to weather-related disruptions.
“However, the bigger picture is that traffic growth has moderated compared to earlier in the year, reflecting a more mixed economic backdrop and reduced demand stimulation from lower fares,” he said.
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