IATA Carriers Hit Record 84.7% Load Factor In August
IATA reports that August showed a
continuation of strong growth in air travel demand for both domestic and
international traffic. Total revenue passenger kilometers (RPKs) rose 7.1%
compared to the previous year. Overall, capacity increased by 5.9%, while load
factor rose 0.9 percentage points to a record 84.7%.
"August results continue the
trend of strong demand for air travel, despite some softening in global
economic growth, particularly in emerging markets," said Tony Tyler,
IATA’s Director General & CEO. "Airlines are committed to meeting
growing demand sustainably. The record high load factor of 84.7% is a great
indicator of improved efficiency - a 17 percentage point increase over the
industry’s performance a decade ago. This is just one indicator of the aviation
industry’s determination to achieve carbon neutral growth from 2020."
Traffic for North American airlinesrose 4.5% year-over-year in August. Capacity climbed 3.7% and
load factor rose 0.6 percentage points to 87.2%. The airline organization says
expectations for better economic performance are supporting demand for air
travel in the region.
Yesterday IATA was among the
signatories to an open letter from the industry to governments at the Global
Sustainable Aviation Summit. The industry called on governments to agree on the
implementation of a simple, global offsetting scheme which will stabilize air
transport carbon emissions, and to endorse a global CO2 standard for new