Air travel down in July, load factor up

Europe is one of the best performing regions
Global passenger traffic results for July show moderating demand following a period of strong growth, the International Air Transport Association says in its latest stats.
Total revenue passenger kilometres (RPK) rose 6.8% compared to the same month last year, down from the 7.7% year-over-year growth recorded in June.
All regions still report solid or better growth in passenger volumes over the past year. Capacity (available seat kilometres or ASKs) rose 6.1%, and load factor was up 0.6 percentage points to a July record of 84.7%.
“As is evidenced by the record high load factor in July, the appetite for air travel remains very strong. However, the stimulus effect of lower fares is softening in the face of rising cost inputs. This suggests a moderating in the supportive demand backdrop,” said Alexandre de Juniac, IATA’s director general and CEO.
European carriers posted a 7.5% rise in traffic for July compared to a year ago, down from 8.8% annual growth in June. Capacity rose 5.9% and load factor climbed 1.3 percentage points to 88.7%, the highest among the regions.
“The economic backdrop in Europe has strengthened; however, on a seasonally-adjusted basis, the upward growth in travel demand has moderated sharply since February,” IATA says.
TTG Nordic