IATA reports June global passenger traffic

Victoria
By Victoria August 6, 2014 15:20

IATA reports June global passenger traffic

IATA has announced global passenger traffic results for June showing a modest deceleration in demand growth compared to the previous month. Total revenue passenger kilometers (RPKs) rose 4.7% over the year-ago period, which was below the 6.2% year-on-year increase recorded in May 2014. June capacity (available seat kilometers or ASKs) increased by 5.0%, causing load factor to slip 0.2 percentage points to 81.5%.

IATA DG and CEO Tony Tyler said: “June traffic growth at 4.7% is encouraging even though it is a slight weakening on May’s performance. Earlier signs of a softening in demand are dissipating. While that’s good news there are many risks in the political and economic environment that need careful monitoring.”

Tyler added: “Demand for air travel and the connectivity it provides remains strong. But uncertainty in the global political and economic climate has the potential to negatively impact demand. Risk is today’s reality, whether it’s conflict in the Middle East, sanctions and an impending trade war with Russia, possible default in Argentina or the Ebola outbreak in Western Africa. All have the potential to dent demand. We are optimistic that the industry will still end the year with an improvement in profitability over 2013. But the regional impact of some of these risks will challenge some airlines more than others.”

Victoria
By Victoria August 6, 2014 15:20