Global Air Traffic Growth At 12-Year High In 1st Half
Bruce Parkinson, Open Jaw
Alexandre de Juniac
The demand keeps rising. IATA has announced global passenger traffic data for June showing that demand (measured in total revenue passenger kilometers or RPKs) rose by 7.8% compared to the year-ago period.
This was in line with the 7.7% growth recorded in May. All regions reported growth, including North America, where traffic was up 4.4% and the load factor climbed to an amazing 84.5%.
Global June capacity (available seat kilometers or ASKs) increased by 6.5%, and load factor rose 1.0 percentage point to 81.9%.
For the first six months of 2017, the industry experienced a 12-year high in traffic growth (7.9%) and a record first half load factor of 80.7%.
"A brighter economic picture and lower airfares are keeping demand for travel strong. But as costs rise, this stimulus of lower fares is likely to fade,” said Alexandre de Juniac, IATA’s Director General and CEO.
“And uncertainties such as Brexit need to be watched carefully. Nonetheless, we still expect 2017 to see above-trend growth."
Bruce Parkinson Editor-in-Chief
An observer and analyst of the Canadian and international travel industries for over 25 years.