Air traffic demand strengthens again

Airlines in Europe and elsewhere see high demand
Stats for September show that air traffic demand is bouncing back again, in Europe and around the world.
Global demand (measured in revenue passenger kilometres, or RPKs) grew 7% during the month, year-on-year, International Air Transport Association figures show – the strongest increase in seven months.
Capacity climbed 6.6% and load factor edged up 0.3 percentage points to 81.1%. Growth in domestic traffic slightly outpaced growth in international traffic.
“This rebound from August weakness suggests that travel demand is showing its resilience in the aftermath of terror attacks. We must, of course, be ever-alert to the ongoing terror threat. And overall the industry is still vulnerable to being buffeted by rising geopolitical tensions, protectionist political agendas and weak economic fundamentals,” said IATA Director General and CEO Alexandre de Juniac,
“This will still be a good year for the airline industry’s performance, but our profitability will continue to be hard-won.”
European carriers saw September demand rise 5.2%, with capacity up 5.7% and load factor slipping 0.4 percentage points to 84.8%, the highest among regions.
Asia-Pacific airlines’ traffic rose 8.6%, although there are still signs of Asian travellers being put off by terrorism in Europe. Capacity was up 7.7%, load factor up 0.7 percentage points to 77.9%.
Middle East carriers had an 11.5% rise in demand in September, the biggest among the regions. Capacity rose faster, however, up 13.8%, and load factor dropped 1.5 percentage points to 73.9%.
North American airlines experienced a 3.3% rise in demand, with the upward trend in international traffic easing recently. Capacity rose 4.2% and load factor fell 0.7 percentage points to 81.5%.
Latin American airlines’ traffic rose 7.1% aided by strong demand on international routes within the region. Capacity climbed 2.4%, load factor surging 3.6 percentage points to 83.7%.
African airlines posted an 8% rise in traffic, matched by an equivalent rise in capacity. Load factor was flat at 72%.
Among domestic markets, demand climbed 7.2% in September, up from the 4.1% growth recorded in August. India and China continue to experience double-digit traffic increases and all markets except Australia saw all-time high load factors.
TTG Nordic