Cheaper return fares boost air travel by 6.3% in 2016

Published on : Thursday, February 2, 2017

Cheaper return fares boost airBoosted by establishments of new routes by airlines and cheaper return fares, demand for air travel rose by 6.3 per cent in 2016 compared to 2015, said International Air Transport Association (IATA).

 

“Connectivity increased with the establishment of over 700 new routes and a record 3.7 billion passengers flew safely to their destinations,” IATA Director-General/Chief Executive Officer, Alexandre de Juniac, said.

 

A US$44 (US$1 = RM4.42) decrease in average return fares helped make air travel even more accessible.

 

He said the strong performance was well ahead of the ten-year average annual growth rate of 5.5 per cent with capacity up 6.2 per cent compared to 2015, pushing the load factor up 0.1 percentage point to a record full-year average high of 80.5 per cent.

 

“A particularly strong performance was reported for December with an 8.8 per cent rise in demand outstripping 6.6 per cent capacity growth,” he said.

 

He said freedom to connect through air travel drove prosperity and enriched societies and could only be given its fullest expression when governments facilitated the movements of people and goods without compromising security and competitiveness.

 

“Aviation is the business of freedom. And we must defend its social and economic benefits from barriers to travel and protectionist agendas,” he said.

 

Four billion people are projected to travel by air this year.

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