in Aerospace

IATA reports February passenger traffic up 7.6%

Posted 12 April 2018 · Add Comment

The International Air Transport Association (IATA) released global passenger traffic results for February showing a rebound in traffic growth (following slower demand in January), with total revenue passenger kilometres (RPKs) for the month up 7.6%, compared to February 2017.

Monthly capacity (available seat kilometers or ASKs) increased by 6.3%, and load factor rose 0.9 percentage point to 80.4%, surpassing the previous record for the month of 79.5%, which was set in February 2017.


Courtesy IATA


Alexandre de Juniac (above), IATA's Director General and CEO, said: "As expected, we saw a return to stronger demand growth in February, after the temporary slowdown in January. This is being supported by the robust economic backdrop and solid business confidence. However, increases in fuel prices - and labour costs in some countries - likely will temper the amount of traffic stimulation from lower airfares this year."

International Passenger Markets


February international passenger demand rose 7.2% compared to February 2017, which was up from the 4.2% increase recorded in January. Led by airlines in Latin America, all regions recorded better year-on-year growth compared to January's results. Total capacity climbed 5.9%, and load factor rose 1.0 percentage point to 79.3%.

  • European carriers saw February demand increase by 6.8% compared to a year ago, a modest acceleration compared to a 6.0% increase in January. Passenger volumes are trending upwards at a double-digit annualized rate alongside supportive economic conditions in the region. Capacity rose 5.0% and load factor increased 1.4 percentage points to 82.2%, highest among regions.
  • Asia-Pacific airlines' February traffic rose 9.1% compared to the year-ago period. Demand is being supported by healthy regional economic growth and expansion in the number of routes on offer. Capacity increased 8.4% and load factor climbed 0.6 percentage point to 80.5%.
  • Middle East carriers recorded a 3.4% demand increase in February compared to a year ago. Capacity rose 3.9% and load factor slipped 0.3 percentage point to 74.1%. Carriers in the region faced significant headwinds over the past year including the temporary ban on large portable electronic devices as well as the proposed travel bans to the US from some countries in the region.
  • North American airlines' traffic climbed 7.2% in February, supported by the relatively vigorous US economic backdrop, while the weaker dollar appears to be offsetting some of the negative impacts on inbound travel. Capacity rose 4.6% and load factor was up 1.9 percentage points to 78.0%.
  • Latin American airlines posted the fastest year-on-year growth for a second consecutive month as February traffic jumped 9.8% compared to February 2017, up from 8.1% growth in January. Demand continues to recover from the impacts of the severe 2017 hurricane season. Capacity increased by 8.9%, and load factor rose 0.6 percentage point to 81.5%.
  • African airlines experienced a 6.3% rise in traffic for the month compared to the year-ago period. The growth occurred amid an improving regional economic backdrop. Business confidence in Nigeria has risen sharply over the past 15 months while a reduction in political uncertainty in South Africa has contributed to an improvement in business confidence there for the first time in more than a year. Capacity rose 3.3%, and load factor climbed 1.9 percentage points to 67.8%.

Domestic Passenger Markets



Domestic travel demand rose 8.2% in February compared to February 2017, up from 4.9% year-over-year growth in January, with all markets reporting increases, led by India and China. Domestic capacity climbed 7.0%, and load factor increased 0.9 percentage point to 82.3%.

  • India's domestic traffic rose 22.9%, the 42nd consecutive month of double-digit year-on-year demand growth, and load factor exceeded 90% for the first time on record. Passenger demand continues to be stimulated by network growth that translates into time savings for air travelers.
  • Australian domestic traffic rose 3.9% compared to the year-ago period, which was a 17-month high.

"All around the globe we see the same positive picture of growth in demand for aviation connectivity. Aviation is the business of freedom, enabling people to lead better lives. Aviation has helped to lift millions from poverty, but for aviation to deliver even greater benefits in future, adequate, affordable infrastructure is a must.
 
"A case in point is the Latin American region, where aviation already supports jobs for 5 million people and $170 billion in GDP. The potential for aviation to do far more exists, but without concerted action by governments to address capacity shortfalls, the region could face an infrastructure crisis in the future. Within the region, Mexico City is the most critical of the bottlenecks. The current airport was designed for 32 million passengers annually but serves 47 million. The solution is a new airport which is already under construction. But its future has been politicized in the current presidential election. The vital need for the new airport needs to be understood by all," said de Juniac.

 

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

SSRO revised Allowable Costs guidance in single source defence contracting

Elizabeth Reid, Partner and Lucy England, Associate, at UK law firm Bird & Bird, examine implications for defence contracting of revised guidance from the Single Source Regulations Office (SSRO) on Allowable Costs.

Rolls-Royce delivers final RB199 under ROCET 2 contract

Rolls-Royce has delivered the final RB199 engine serviced at its Bristol facility under its ROCET 2 support contract with the UK MoD.

GKN Aerospace to increase production of F-35 bulkheads

GKN Aerospace and Lockheed Martin are expanding a longtime customer partnership by signing a contract to increase production of bulkheads for the F-35 Lightning II program through 2023.

FIA2018: Accenture and Thales demo blockchain tech solution

Accenture and Thales are demonstrating a new blockchain-based system at the Farnborough InternationalAirshow that could help secure and streamline the complex global supply chains supporting the aerospace and defence industry.

Rolls-Royce Trent XWB reaches new milestones

The team behind the Rolls-Royce Trent XWB is celebrating again as the world’s most efficient large aero engine reaches two new milestones in its highly successful programme.

PAL receives its first A350 XWB

Philippine Airlines (PAL) has taken delivery of its first A350 XWB at a special event in Toulouse, France, becoming the 19th airline to operate the world’s most modern and efficient long range airliner.

RUBB_SK_1906190119
See us at
SMI GMSCBT3005081118AdvancedEngin BT1406011118Aviation Africa 2019SMIFAVSBT151118DVD18BT3105200918FIL18 BT111017220718