IATA – Passenger Demand Rebounds In October

Published on : Friday, December 7, 2018

IATAThe International Air Transport Association (IATA) announced global passenger traffic results for October showing that demand (measured in revenue passenger kilometers, or RPKs) rose 6.3% compared to the same month last year. This marked a rebound from 5.5% growth recorded in September, which was an eight-month low. Capacity also grew 6.3% and load factor was flat at 81.1%, matching last year’s record for the month.

 

“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,” said Alexandre de Juniac, IATA’s Director General and CEO.

 

OCTOBER 2018 (% YEAR-ON-YEAR) WORLD SHARE1 RPK ASK PLF (%-PT)​2 PLF (LEVEL)​3
Total Market 100.0% 6.3% 6.3% 0.0​% 81.1%
Africa 2.2% 1.7% 1.3% ​0.3% 71.1%
Asia Pacific 33.8% 7.6% 7.0% ​0.4% ​80.8%
Europe 26.7​% 7.4% 6.8% ​0.5% 84.8%
Latin America 5.1% ​6.5% 9.1% ​-2.0% ​80.9%
Middle East ​​9.4% 3.9% 5.8% ​-1.3% ​70.0%
North America 22.8% 4.6% 4.8​% ​-0.1% 83.2​%

International Passenger Markets

October international passenger demand rose 6.3% compared to October 2017, up from 5.1% growth in September. Airlines in all regions recorded gains. Total capacity climbed 6.1%, and load factor increased 0.1 percentage point to 79.8%.

 

 

 

 

 

 

 

Domestic Passenger Markets

Domestic demand climbed 6.4% in October compared to October 2017, unchanged from September, while capacity rose 6.7%. Load factor slipped 0.2 percentage point to 83.3%. China, India and Russia led all markets with double-digit growth rates.

OCTOBER 2018 (% YEAR-ON-YEAR) WORLD SHARE1 RPK ASK PLF (%-PT)​2 PLF (LEVEL)​3
Domestic 35.9%​ 6.4%​ 6.7%​ -0.2%​ 83.8%​
Dom. Australia 0.9% 1.0% 0.0% 0.8​% 82.4%
Domestic Brazil 1.2% 3.4% 5.8% ​-1.9% 81.4%
Dom. China P. R. 9.1% 12.2% 11.1% ​0.8% ​85.2%
Domestic India 1.4​% 15.0% 17.4% ​-1.7% 83.1%
Domestic Japan 1.1% ​1.7% 2.2% ​-0.4% ​75.1%
Dom. Russian Fed. ​​1.4% 11.7% 8.8% ​2.2% ​83.8%
Domestic US 14.3% 4.3% 5.6​% ​-1.1% 84.8%

The Big Picture

“Demand for air travel is strong as we head into the holiday travel season. Trade wars and uncertainty around the political and economic impact of Brexit remain concerns but the recent easing of fuel prices is a welcome development. In a few days, IATA will hold our annual Global Media Day in Geneva, bringing together more than 100 journalists and bloggers from around the world. We will present our updated economic forecast, among other topics. I always look forward to this opportunity to discuss and debate the key issues and initiatives facing commercial aviation with our colleagues in the media,” said de Juniac.

 

Source:- IATA

Tags: ,

Leave a Reply

Your email address will not be published. Required fields are marked *

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 02 AIME 2019
  • India UAE
  • 03 AIME 2018
  • 05 ameistanbul 2019
  • 07 thehotelshowsaudiarabia 2019
  • 08 JTTX9 19
  • 09 uzakrota 2018
  • 10 adventureshowindia 2018
  • 10 OTM 2019
  • 11 BLTM 2019
  • 14 SATTE 2019
  • 16 EMITT 2019
  • 16 IITM 2019
  • 17 AITF 18
  • 18 UITT 2019
  • 30 PATA

TRAVEL INDUSTRY EVENTS

    1. UNWTO TOURISM TECH ADVENTURES BUENOS AIRES

      December 12
    2. IITM Kochi

      Jan 3, 2019 - Jan 5, 2019
    3. IITT

      Jan 10, 2019 - Jan 12, 2019
    4. TTF Bengaluru

      Jan 15, 2019 - Jan 17, 2019
    5. SATTE

      Jan 16, 2019 - Jan 18, 2019
Get our toolbar!
Review www.travelandtourworld.com on alexa.com