IATA Reports Passenger Demand Bounce
December 06, 2018 / Airwise
October’s revenue passenger km demand was up 6.3 percent compared to the same month last year. It beat September’s 5.5 percent, which was an eight-month low. October’s healthy performance is reassuring after the slower demand growth in September,” IATA Director General Alexandre de Juniac said. “However, the bigger picture is that traffic growth has moderated compared to earlier in the year, reflecting a more mixed economic backdrop and reduced demand stimulation from lower fares.”Overall, airlines added 6.3 percent capacity in October expressed in available seat kms. The resulting load factor was flat at 81.1 percent. Regionally, Asia Pacific reported the highest demand growth at 7.6 percent, closely followed by Europe’s 7.4 percent. Latin America wasn’t far behind with 6.5 percent, while North America saw a 4.6 percent boost.