Global and African airline market sees moderate slowdown in passenger demand growth – IATA
CAPE TOWN – The global and African airline market has experienced a moderate slowdown in passenger demand growth, the latest traffic data shows.
International Air Transport Association (IATA) on Thursday released global passenger traffic data, which shows that for October this year the demand measured in total revenue passenger kilometers or RPKs climbed 3.4 percent compared to last year the same period.
This was a modest slowdown from 3.9 percent growth recorded in September, owing to softer traffic performance in domestic markets.
“Traffic growth continues to be depressed compared to historical long-term growth levels, reflecting continued moderating economic activity in some key markets and sagging business confidence,” IATA director general and chief executive, Alexandre de Juniac said.
“However, the fact that traffic is growing is a positive, and the industry continues to do an excellent job of maximising asset efficiency, as shown in the record load factor.”
Source: iol.co.za
