IATA reports May passenger figures

Eleanor Steed
By Eleanor Steed July 9, 2018 10:04

IATA reports May passenger figures

The International Air Transport Association (IATA) has reported that May passenger traffic increased by 6.1% on 5.9% more capacity. All markets showed an increase in traffic, except for Africa, which showed a decline of 0.8%. Asia Pacific, which represents 33.7% of the total world market, showed the strongest growth, increasing by 8.7%.

“May was another solid month in terms of demand growth. As had been expected, we saw some moderation, as rising airline costs are reducing the stimulus from lower airfares. In particular, jet fuel prices are expected to be up nearly 26% this year compared to 2017. Nevertheless, the record load factor for the month signifies that demand for air connectivity is strong,” said Alexandre de Juniac, IATA’s Director General and CEO.

Eleanor Steed
By Eleanor Steed July 9, 2018 10:04