IATA – Record Passenger Load Factor in July

Published on : Wednesday, September 6, 2017

IATAThe International Air Transport Association (IATA) announced global passenger traffic results for July showing strong but moderating demand growth. Total revenue passenger kilometers (RPKs) rose 6.8%, compared to the same month last year, down from 7.7% year-over-year growth recorded in June.

 

 

All regions reported solid or better growth in passenger volumes over the past year. Capacity (available seat kilometers or ASKs) increased by 6.1%, and load factor rose 0.6 percentage points to a July record of 84.7%.

 

 

“As is evidenced by the record high load factor in July, the appetite for air travel remains very strong. However, the stimulus effect of lower fares is softening in the face of rising cost inputs. This suggests a moderating in the supportive demand backdrop,” said Alexandre de Juniac, IATA’s Director General and CEO.

 

 

International Passenger Markets

JULY 2017 (% YEAR-ON-YEAR) WORLD SHARE (1) RPK ASK PLF- %-PT (​2) PLF- LEVEL(​3)
Total Market 100.0% 6.8% 6.1% 0.6​% 84.7%
Africa 2.2% 5.9% 1.5% ​3.1% 74.1%
Asia Pacific 32.8% 8.4% 7.9% ​0.3% ​82.0%
Europe 26.5​% 7.7% 6.2% 1.2% 88.5%
Latin America 5.2% 7.7% 7.3% 0.3% ​84.8%
Middle East ​​9.6% 4.6% 4.1% ​-0.4% ​81.2%
North America 23.7% 4.5% 4.5​% ​-0.1% 85.6​%

(1) % of industry RPKs in 2016 (2) Year-on-year change in load factor (3) Load factor level

July international passenger demand rose 6.2% compared to July 2016, which was a slow-down compared to the 7.6% growth recorded in June. Total capacity climbed 5.5%, and load factor edged up 0.5 percentage points to 84.6%.

Domestic Passenger Markets

Domestic travel demand grew by 7.9% year-on-year in July, in line with 8.0% growth recorded in June. With the exception of Australia, all markets recorded annual increases. China led all markets (+15.0%). Domestic capacity climbed 7.1%, and load factor rose 0.6 percentage points to 85.0%

 JULY 2017 (% YEAR-ON-YEAR) WORLD SHARE1 RPK ASK PLF (%-PT)​2 PLF (LEVEL)​3
Domestic 36.3% 7.9% 7.1% 0.6​% 85.0%
Dom. Australia (4) 1.0% -0.8% -1.9% -​0.9% 80.1%
Dom. Brazil (4) 1.2% 3.9% 4.3% -0.3% ​84.2%
Dom. China P.R. (4) 8.7​% 15.0% 12.7% ​1.8% 84.8%
Dom. India (4) 1.3% 12.5% 14.5% -1.5% ​82.6%
Dom. Japan (4) ​​1.1% 6.6% 1.4% 3.4% 69.6%
Dom. Russian Fed (4) 1.3% 9.1% 9.6% -0.4% 90.3%
​Dom. USA (4) 15.0%​ 5.1% 5.0% 0.1% 87.2%​

(1) % of industry RPKs in 2016
(2) Year-on-year change in load factor
(3) Load factor level
(4) The seven domestic passenger markets for w hich broken-dow n data are available account for 30% of global total RPKs and approximately 82% of total domestic RPKs

The Bottom line

“As the first full month in the summer peak travel season, July is a bellwether month, and demand continues to be very strong. People want to travel and aviation connectivity is vital to the smooth functioning of the global economy. But the economic and social benefits that aviation brings need to be supported by adequate, affordable airport and air traffic management infrastructure. To do this effectively, governments must include aviation’s requirements as part of their national economic strategy,” said de Juniac.

This is particularly true as the US considers restructuring its air traffic control organization. A blog by de Juniac expresses IATA’s support for corporatization as a means to ensure stable funding for the much-needed modernization of this essential service

 

Source:- IATA

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