The International Air Transport Association (IATA) has reported that global passenger demand growth slowed in July.
Total revenue passenger kilometers (RPKs) rose 3.6 per cent, compared to the same month in 2018. This was down from 5.1 per cent annual growth recorded in June. All regions posted traffic increases.
Monthly capacity (available seat kilometers or ASKs) increased by 3.2 per cent and load factor rose 0.3 percentage point to 85.7 per cent, which is a new high for any month.
“July’s performance marked a soft start to the peak passenger demand season. Tariffs, trade wars, and uncertainty over Brexit are contributing to a weaker demand environment than we saw in 2018.
“At the same time the trend of moderate capacity increases is helping to achieve record load factors,” said Alexandre de Juniac, IATA’s director general and CEO.