Air Travel Maintains Strong Growth

Air Travel Maintains Strong Growth

Air Travel Maintains Strong Growth

The FINANCIAL -- The International Air Transport Association (IATA) announced global passenger traffic results for October showing a moderate acceleration of the robust demand trend of the last few months.

 

Total revenue passenger kilometers (RPKs) rose 6.6% compared to October 2012, an improvement over the September increase of 5.2%. A capacity increase of 6.5% meant that load factor was virtually flat at 78.9%, according to IATA.

 

“October traffic results reinforce expectations for a strong fourth quarter traffic performance in line with rising business confidence and better economic performance in the major advanced economies,” said Tony Tyler, IATA’s Director General and CEO.


October international passenger demand was up 6.9% compared to the year-ago period with airlines in all regions recording growth. Capacity rose 6.6% and load factor climbed 0.2 percentage points to 78.4%, according to IATA.


Domestic travel demand rose 6.0% in October compared to a year-ago, largely driven by strong traffic growth in developing markets. Total domestic capacity was up 6.3%, however, pushing load down 0.2 percentage points to 79.8%.


“In 2013, the airline industry will carry more than 3 billion passengers in a year for the first time. And on 1 January 2014, we will celebrate a century of scheduled commercial aviation. These twin landmarks provide an opportunity to reflect on the enormous contribution aviation makes to all of our lives. That contribution comes not from the fees and taxes with which governments continue to burden aviation and air travelers, but rather from the ability to bring people together, connect people to markets and to create opportunities for greater understanding among cultures,” said Tyler.