IATA has 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 -- 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 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%.
North American airlines’ traffic climbed 5.6% in October compared to the year-ago period, up from 4.9% growth in September. Strong momentum in the U.S. economy is helping to drive robust international demand. Capacity rose 3.7% and load factor surged 1.4 percentage points to 80.4%.
Bruce Parkinson Editor-in-Chief
An observer and analyst of the Canadian and international travel industries for over 25 years, Bruce uses the pre-dawn hours to prepare a daily news and information package to keep industry members up to date.