IATA: International Aviation Up on a Slow Burn
The International Air Transport Association announced healthy but moderating global passenger traffic results for November.
Total revenue passenger kilometers rose 6.2 percent compared to November 2017, a slight deceleration from 6.3 percent growth in October.
Capacity (measured in available seat kilometers) increased by 6.8 percent over the year-ago period, and load factor dipped 0.4 percentage point to 80 percent. It was only the third time in two years that load factor fell on a year-to-year basis.
“Traffic is solid. But there are clear signs that growth is moderating in line with the slowing global economy. We still expect six percent demand growth this year. But trade tensions, protective tariffs and Brexit are all uncertainties that overhang the industry,” said Alexandre de Juniac, IATA director general.