Demand for air travel strongest for five years

Results in Europe for 2015 boost overall figures
Airlines’ international passenger traffic climbed strongly around the world in 2015, including in Europe, the International Air Transport Association reveals in its latest report.
Demand (revenue passenger kilometres or RPKs) rose 6.5% for the full year compared to 2014. This was the strongest result since the rebound after the financial crisis in 2010 and above the 10-year average annual growth rate of 5.5%.
While economic fundamentals were weaker in 2015 compared to 2014, IATA says, passenger demand was boosted by lower airfares. Global fares were 5% lower than in 2014.
In Europe, international traffic climbed 5% in 2015. Capacity rose 3.8% and load factor increased by one percentage point to 82.6%, the highest among the world’s regions.
The healthy result was in part attributable to a pick-up in consumer spending in the Eurozone as well as a moderate increase in flight frequencies. Traffic growth slowed toward the end of the year owing to strikes at Lufthansa and factors such as the shutdown of Russia’s Transaero.
“Last year’s very strong performance, against a weaker economic backdrop, confirms the strong demand for aviation connectivity. But even as the appetite for air travel increased, consumers benefitted from lower fares compared to 2014,” said Tony Tyler, IATA’s director general and CEO.
Annual capacity worldwide rose 5.6%, with the result that load factor climbed 0.6 percentage points to a record annual high of 80.3%. All regions experienced positive traffic growth in 2015. Carriers in the Asia-Pacific region accounted for one third of the total annual increase in traffic.
TTG Nordic