Saturday, September 22, 2018
Close  
  • share this

Airlines see strong passenger traffic growth

/ 05:23 AM October 09, 2017

The global trade organization of airlines is expecting overall strong passenger traffic growth in 2017, with demand up by 7.2 percent in August this year.

The figures released by the International Air Transport Association (IATA), based on total revenue passenger kilometers, also showed that August airline capacity rose 6.3 percent, keeping pace with growing traffic. Airline load factor, which measures demand against available capacity, was up 0.7 percentage points to 84.5 percent for August.

ADVERTISEMENT

“Following the strong summer traffic season in the Northern hemisphere, 2017 is on course to be another year of strong traffic growth,” Alexandre de Juniac, IATA director general and CEO, said in a statement.

“However, some important demand drivers are easing, particularly lower fares. As we head toward the end of the year we still expect growth to continue, but potentially at a slower pace,” he added,

International passenger demand during the period jump 7 percent in August 2017 from year-ago level.
“All regions recorded increases, led by airlines in Latin America,” IATA noted. Overall capacity rose 6.1 percent, while load factor hit 84.5 percent, up 0.8 percentage points.

IATA said Latin American carriers saw traffic higher by 9.3 percent in August.

“Traffic on the North-South America route has recovered in recent months, helped in part by signs of ongoing recovery in Brazil, the region’s largest economy,” IATA said.

It was followed by Asia-Pacific airlines, which saw traffic higher by 8.6 percent year-on-year in August. IATA noted that capacity here was up 8.3 percent while load factor rose 0.2 percentage points to 81.4 percent.

Domestic travel also remained strong, with demand growth at 7.6 percent in August. All markets posted demand increases with the exception of Australia, IATA noted. —MIGUEL R. CAMUS

ADVERTISEMENT
Read Next
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: airlines, Business, traffic
For feedback, complaints, or inquiries, contact us.
entertainment

Kyla recounts rejection from ‘Ang TV’ audition

September 22, 2018 11:53 AM

newsinfo

2 drug suspects slain in Cavite, Rizal buy-busts

September 22, 2018 11:33 AM

newsinfo

Poe tops Pulse Asia 2019 senatorial pre-election survey

September 22, 2018 10:55 AM

sports

Roger Federer mulling clay court return in 2019

September 22, 2018 10:50 AM



© Copyright 1997-2018 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.