“Robust passenger demand” for air travel

Demand in Europe proving to be particularly high
Robust demand growth in global passenger traffic was shown in July, figures just released by the International Air Transport Association reveal. Demand in Europe proved to be particularly high, pushing up load factor to be the highest among the world’s regions.
European carriers’ demand increased by 6.7%, reflecting economic recovery in the Eurozone, IATA said, while capacity climbed 4% and load factor rose 2.2 percentage points to 87.3%.
Globally, international passenger demand rose 8.6% in July compared to the same month in 2014, with airlines in all regions recording growth, including Africa for the first time this year. Total capacity climbed 6.5%, pushing load factor up 1.6 percentage points to 83.5%.
Total revenue passenger kilometres (RPKs) rose 8.2%, an improvement on the June year-over-year rise of 5.5%. Results were given a boost by the timing of Ramadan, which fell partly in July this year but took place mostly in July in 2014. The holy month tends to subdue demand for air travel.
Asia-Pacific airlines saw July traffic increase 8.5%. Capacity rose 6.5% and load factor climbed 1.5 percentage points to 80.3%. The strong performance occurred despite declines in trade as well as slower growth in China.
North American airlines’ traffic rose 5.3%, more than double the 2.6% rise achieved in June. Capacity climbed 3.5% and load factor 1.4 percentage points to 86.5%. Expectations for better economic performance are supporting travel demand.
Middle East carriers experienced a 19.8% demand surge in July over the same month in 2014 buoyed by the timing of Ramadan. Capacity rose 17.7% and load factor climbed 1.5 percentage points to 79.6%.
Latin American airlines’ traffic climbed 8.5% compared to July 2014, capacity by 8.0% and load factor by 0.4 percentage points to 82.7%. Traffic in African rose 4.9% in July, capacity by 3.9%, load factor by 0.6 percentage points to 70.9%.
Among domestic markets, India’s demand soared 28.1% in July, likely owing to significant increases in service frequencies and improvements in economic growth. China domestic traffic climbed 10.9% year-over-year, but demand in likely to slacken in the coming months.
TTG Nordic

x

Check Also

airlines, air travel, demand, passengers, business, IATA, 2016, Europe, world, RPK, capacity, Alexandre de Juniac

Farnborough Air Show day 1, airlines announced new aircraft orders for more than USD 20 billion.

The bi-annual airshow at Farnborough airport outside London is the world’s largest display of aircrafts, both civil and military, together with the bi-annual Paris Air Show, at Le Bourget airport. The Farnborough Air Show is on during July 16-22 and Standby Nordic will report on relevant news.

IATA, ACI, Eurocontrol, capacity, airports, tight, crunch, compatition, slots, management, congestion, air travel, airlines, EU, Europe, report, study

Airlines urge airports to ease capacity crunch

IATA weighs into the debate about the growing squeeze at airports, saying airports and governments “must do more”.

IATA, Al Baker, Qatar Airways, CEO, management, gender equality, airlines, board, man, women

Qatar CEO: Only a man can run an airline

The new chairman of the International Air Transport Association embarrasses his colleagues.

air travel, airlines, costs, 2018, warning, IATA

Airlines cut profit forecasts as costs soar

Rising costs such as fuel, staff, rising interest rates and trade tensions are adding to airlines' woes in 2018.

air travel, 2018, delays, flights, number, Eurowings, Germany, Ryanair, airlines, Condor, Air Berlin, fleet, strike, weather

Europe air passenger demand sharply down

The factors behind the trend are a slowing of economic growth and fewer discounts due to higher costs.

Dallas/Fort Worth, Iceland, Keflavik, airport, route, three, airlines, destination, USA,

Keflavik adds three links to one destination

Three airlines are launching routes between the Icelandic airport and the same destination in the US.