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

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