IATA Releases October Passenger Traffic

Robyn Valdez
December 7, 2017

IATA represents 281 airlines, which account for 83 per cent of global air traffic.

Capacity increased 6.2 percent, and load factor increased 0.8 percent.

Iata said October's performance was a strong recovery after the hurricane-related disruptions in September and that domestic and global growth was largely in balance. Domestic and worldwide travel growth largely was in balance.

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IATA Director General/Chief Executive Officer, Alexandre de Juniac, said demand for air travel remained strong ahead of the holiday travel season. It is also an announcement of global passenger traffic results for October showing that demand (measured in revenue passenger kilometres or RPKs) rose 7.2 per cent, compared to the same month a year ago. Airlines in all regions recorded growth.

Asia-Pacific airlines led all regions with traffic growth of 10.3% compared to the year-ago period, which was up from an 8.7% rise in September. Strong performance of the passenger business is supported by expected robust GDP growth of 3.1 per cent, the strongest since 2010. "More routes are being opened".

This was later lifted but there is still the prospect of a travel ban by US President Donald Trump that is making its way through the American courts. It is based on data provided by IATA member airlines during October 2017. Latin American airlines should see a $200 million jump in earnings next year while the Middle East is projected to report a doubling in net gains from $300 million during 2017 to $600 million in 2018 in spite of travel restrictions and regional conflict. This may indicate spillover from the impact of Hurricanes Irma and Maria. Capacity grew 9.1 percent, but load factor decreased.3 percent.

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"African airlines are not in a healthy financial state". "Conditions in the region's two largest economies - Nigeria and South Africa, still are diverging, with business confidence levels in Nigeria near a three-year high, while confidence levels in South Africa are consistent with falling economic activity".

Africa, in contrast, is likely to turn in albeit stable collective net losses of $100 million despite forecast demand growth of 8% and announced capacity expansion of 7.5%.

Projecting these figures into the future, IATA predicted that China will be the largest aviation market in the world by 2025, with the United States of America in second position and India in third.

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