Passenger Demand Growth Hits Five-Year Peak in January
The International Air Transport Association (IATA) announced global passenger traffic results for January 2017 showing demand (revenue passenger kilometers or RPKs) rose 9.6% compared to January 2016. This was the strongest increase in more than five years. Results were positively affected by traffic associated with the Lunar New Year celebrations, which occurred in January this […]
Air Cargo Off to a Solid Start in 2017
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), rose 6.9% in January 2017 compared to the year-earlier period. While this was down from the 10% annual growth recorded in December 2016 it still was well above the average annual growth rate […]
Legal Symposium 2017: Reshaping the industry
A number of conflicting factors are influencing air travel"™s future, said Brian Pearce, IATA"™s Chief Economist. World growth remains lacklustre, but demand for air connectivity is still strong. Consumers are seeing increasing value as fares fall in real terms, and investors are experiencing returns above the cost of capital. But the industry"™s profits are not […]
Another Strong Year for Air Travel Demand in 2016
The International Air Transport Association (IATA) announced full-year global passenger traffic results for 2016 showing demand (revenue passenger kilometers or RPKs) rose 6.3% compared to 2015 (or 6.0% if adjusted for the leap year). This strong performance was well ahead of the ten-year average annual growth rate of 5.5%. Capacity rose 6.2% (unadjusted) compared to […]
Air Cargo Ends 2016 on a Positive Note
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs) grew by 3.8% in 2016 compared to 2015. This was nearly double the industry"™s average growth rate of 2.0% over the last five years. Freight capacity, measured in available freight tonne kilometers (AFTKs), […]
November Air Freight Demand Reflects Strong Peak Season
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), rose 6.8% in November 2016 compared to the year-earlier period. This was a slight slowdown from the 8.4% annual growth recorded in October 2016 – which was a 20-month high – but was […]
October Passenger Demand Moderates
The International Air Transport Association (IATA) announced global passenger traffic results for October showing that demand (measured in revenue passenger kilometers, or RPKs) rose 5.8% compared to the same month last year. Capacity grew 6.3% and load factor slid 0.4 percentage points to 80.1%. October"™s performance was a slow-down on the 7.1% year-on-year growth rate […]
But increased trade protectionism has potential to damage growth prospects
The International Air Transport Association (IATA) expects 7.2 billion passengers to travel in 2035, a near doubling of the 3.8 billion air travelers in 2016. The prediction is based on a 3.7% annual Compound Average Growth Rate (CAGR) noted in the release of the latest update to the association"™s 20-Year Air Passenger Forecast. «People want […]
Passenger Growth Slowed in August: IATA
The International Air Transport Association (IATA) announced global passenger traffic data for August showing that demand (measured in total revenue passenger kilometers or RPKs) climbed 4.6% compared to the year-ago period. This represented a slowing from the 6.4% increase recorded in July (revised). August capacity (available seat kilometers or ASKs) increased by 5.8%, and load […]
Moderating Demand Trend for Air Cargo Continues in August
The International Air Transport Association (IATA) released data for global air freight markets in August 2016 showing that demand, measured in freight tonne kilometers (FTKs), rose 3.9% year-on-year. Freight capacity measured in available freight tonne kilometers (AFTKs) increased by 4.1% over the same period. Load factors remained historically low, keeping yields under pressure. Industry conditions […]
