Global passenger traffic rises by 3.4% ahead of peak season

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The International Air Transport Association (IATA) yesterday announced global passenger traffic data for October 2019, showing that demand climbed 3.4% compared to the year-ago period. This was a modest slowdown from 3.9 percent growth recorded in September, owing to softer traffic performance in domestic markets. October capacity increased by 2.2% and load factor climbed 0.9 percentage point to 82% , which was a record for October.

IATA’s Director General and Chief Executive Officer (CEO), Alexandre de Juniac, noted that traffic growth continued to be depressed compared to historical long-term growth levels, reflecting continued moderating economic activity in some key markets and sagging business confidence.

“However, the fact that traffic is growing is a positive, and the industry continues to do an excellent job of maximising asset efficiency, as shown in the record load factor,” de Juniac said.

“The airline industry has faced strong headwinds in 2019 but continues to enable the global connectivity that supports world trade and greater understanding among peoples and cultures, things we can definitely use more of, particularly in this time of trade wars and geopolitical tension. Next week, IATA will hold our annual Global Media Days, bringing together journalists and bloggers from around the world. We will present our updated economic forecast, and an in-depth look at our environmental activities among other subjects. I look forward to this opportunity to discuss and debate the key issues and initiatives facing commercial aviation with our colleagues in the media,” de Juniac said.

Guardian News

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