August passenger demand up 4.6% year-on-year

0

The latest report by the International Air Transport Association (IATA) has unveiled that passenger demand, measured in total revenue passenger kilometers (RPK), climbed 4.6% for August 2016 when compared with the same month in 2015. This represented a slowing from the 6.4% increase recorded in July this year.

Passenger capacity, measured in available seat kilometers (ASK), increased by 5.8% for the same period and load factor slipped 0.9% to 83.8%.

Alexandre de Juniac, director general and CEO, IATA, said, “Growth in passenger demand dipped to 4.6%. While that’s disappointing compared to the previous month’s performance, it is still healthy growth. And although terrorist attacks in Europe have dampened demand, the impact is ebbing.

“Lower airfares are a major factor sustaining demand for air travel and airline profitability is stronger than ever as a result of a better industry structure and efficiency gains. But the lingering impact of terrorist attacks in Europe reminds us that the aviation industry is vulnerable to many external factors beyond its control.

“The risks – including the normal ups and downs of the business cycle – won’t go away. The industry has improved resilience along with its profitability. That will be critical to responding quickly should the business environment change.”

Share.

About Author

mm

Helen has worked for UKi Media & Events for nearly a decade. She joined the company as assistant editor on Passenger Terminal World and since progressed to become editor of five publications, covering everything from aviation, logistics and e-commerce to meteorology. She has a love for travel and property and has redeveloped three houses in three years. When she’s not editing magazines, she’s running around after her two boys and their partner in crime, Pete the pug.

Comments are closed.