Dubai PR Network, Online Press Release from Dubai and Middle East
 
Aviation, Airline & Aerospace(Travel & Tourism)
Filter PR by
  
Solid but Moderating Passenger Demand in November
 
Dubai, UAE, January 09, 2019:  The International Air Transport Association (IATA) announced healthy but moderating global passenger traffic results for November 2018. Total revenue passenger kilometers (RPKs) rose 6.2% compared to November 2017, a slight deceleration from 6.3% growth in October. Capacity (available seat kilometers or ASKs) increased by 6.8% over the year-ago period, and load factor dipped 0.4 percentage point to 80.0%. It was only the third time in two years that load factor fell on a year-to-year basis. 
 
“Traffic is solid. But there are clear signs that growth is moderating in line with the slowing global economy. We still expect 6% demand growth this year. But trade tensions, protective tariffs and Brexit are all uncertainties that overhang the industry,” said Alexandre de Juniac, IATA’s Director General and CEO.
 
International Passenger Markets
 
November international passenger demand rose 6.6% compared to the year earlier period, up from 6.2% in October. All regions showed growth, led by carriers in Europe. Total capacity climbed 6.7%, and load factor dipped 0.1 percentage point to 78.4%.
  • European carriers saw demand increase by 9.0% in November 2018, which was a nine-month high. Given the mixed signs on the economic backdrop in the region it is unclear whether this pace of growth can be sustained. Capacity climbed 9.1% and load factor slipped 0.1 percentage point to 82.1%, the highest load factor among the regions. 
  • Asia-Pacific airlines’ November traffic climbed 6.0% compared to the year-ago period, up from 5.7% growth in October. Capacity also rose 6.0% and load factor was flat at 79.1%. Growth is underpinned by rising living standards and continuing expansion of options for travelers. 
  • Middle East carriers had a 2.8% demand increase, which was the lowest among the regions for a third consecutive month. Capacity rose 5.6% and load factor slipped 1.9 percentage points to 69.0%. 
  • North American airlines’ traffic climbed 6.1%, in November, up from 5.7% in October and well ahead of the five-year average rate of 4.0%. Capacity rose 3.8% and load factor edged up 1.7 percentage points to 80.6%. Demand is supported by comparatively strong momentum in the US economy.
  • Latin American airlines’ November traffic climbed 5.8% compared to November 2017, which was an increase from 5.2% growth recorded in October. Despite the increase, growth has slowed on a seasonally-adjusted basis. Capacity rose 6.6% and load factor slipped 0.6 percentage point to 80.6%.
  • African airlines experienced a 5.7% rise in demand compared to November 2017, down from 6.4% in October but higher than the five-year average of 5.8%. Growth is occurring despite challenges in the continent’s largest economies, Nigeria and South Africa. Capacity rose 3.9% and load factor climbed 1.2 percentage points to 68.9%.
Domestic Passenger Markets
 
Domestic travel demand rose 5.6% in November 2018 compared to the same month in 2017, its slowest pace in 11 months and down from 6.5% in October. All markets except Australia showed growth. Domestic capacity climbed 6.9%, and load factor dropped 1.0 percentage point to 82.8%.
  • India’s domestic traffic rose 13.3% in November compared to November 2017, marking the 51st consecutive month of double-digit domestic growth. However, it was also the slowest increase in 16 months.
  • Brazil’s domestic traffic rose to a four-month high of 5.3% in November, against a fragile economic backdrop. 


Posted by : Dubai PR Network Editorial Team
Viewed 7174 times
PR Category : Travel & Tourism
Posted on : Wednesday, January 9, 2019  2:24:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Airbus achieves new commercial aircraft delivery record in 2...
Next Story : First 14 airlines confirmed for inaugural CONNECT Middle Eas...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Inventive, Futuristic and Daring Translucent is a Distinguished Milestone for Police. [8632-Views]
Show your Nanny some love and treat them to a Complimentary Haircut throughout August and ... [5832-Views]
Tazio Nuvolari Vanderbilt Cup [5612-Views]
Corum Golden Bridge Titane DLC - black beauty for the man of style [5368-Views]
Scafograf Black Sheep - unconventionally exceptional [5185-Views]
Same Favourite Fragrance, New Innovative Products From the Ritual of Karma [4990-Views]
Dubai Delivers on Tourist Volumes Again, With a Strong 8.36 Million Overnight Visitors in ... [4947-Views]
Robinsons Showcases Malone Souliers' Stunning New Collection for Pre-Fall 19 [4825-Views]
Aesop's Parsley Seed Skin Priming Regimen [4788-Views]
GEMS Education students shine with excellent A-Level examination results [4691-Views]
The Nordic Hall of the Heros is Open for Business - Aston Martin Valkyrie and Valhalla Tak... [4654-Views]
Marks & Spencer Unveils Its Autumn 2019 Kidswear Collection [4435-Views]
Ferragamo Urban - 2019 Fall/Winter Collection [4398-Views]
Autumn / Winter 2019-20 Men's and Women's Sneakers Collection [4325-Views]
Exceptional Playtime with Soundcore Vortex [4209-Views]
Sandro: The Power Suit [4044-Views]
Kachins Couture 5 Ways to Personalise Your Suit Style [3941-Views]
Second Week of “Health & Tourism 2019” Campaign Witnesses Remarkable Participation in its ... [3904-Views]
Hormann announces speed rolling shutter DD S6 [3880-Views]
Ralph Lauren Debuts “Wear Your Story” Denim Campaign [3867-Views]
Get 50 per cent off back-to-school essentials at Dragon Mart [3794-Views]
The future of photography and videography is in Canon's hands, with five 2019 EISA Awards [3745-Views]
Forecasting Mesmerising Sea Views and Exotic Seafood at Gonu [3599-Views]
Dubai Tourism Partners With Ary to Invite Audiences to Discover the Emirate With Their Fav... [3318-Views]
Sheikh Mohammed bin Rashid Centre for Islamic Culture launches a comprehensive events prog... [3294-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories