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Global Air Passenger Traffic Demand Up!
April 11, 2017
The International Air Transport Association (IATA) reported passenger traffic grew +4.8% year-on-year for February. According to Alexandre de Juniac, IATA Director General and CEO, global demand for air travel rose in February thanks to lower fares and improving economies, with no major impact from the attempted USA travel ban. February 2017 international passenger demand rose 5.8% compared with February 2016, but down compared with the 9.1% year-on-year increase in January.
IATA estimates that fares have dropped by more than 10 percent in real terms over the past year, accounting for more than half the growth in revenue passenger kilometres (RPKs) in early 2017.
European carriers saw February demand increase +6.5%; Asia Pacific traffic increase +5.2%. Middle Eastern carriers, among the most affected by the attempted travel restrictions, is the strongest growth rate +9.5%; North America airlines’ traffic recorded an increase of just +0.3%, Latin American carriers +5.9%; finally African airlines’traffic climbed +7.1%.
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