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IATA: Passenger demand moderate in February

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The International Air Transport Association (IATA) announced global passenger traffic results for February 2019 showing total revenue passenger kilometers (RPKs) rose 5.3 per cent, compared to February 2018.

The association said this was the slowest rate of growth in more than a year but still in line with long-term demand trends.

Monthly capacity (available seat kilometers or ASKs) increased by 5.4 per cent, and load factor slipped 0.1 percentage point to 80.6 per cent, which IATA said it still high by historic standards.

IATA’s director general and CEO, Alexandre de Juniac said: “After January’s strong performance, we settled down a bit in February, in line with concerns about the broader economic outlook. Continuing trade tensions between the US and China, and unresolved uncertainty over Brexit are also weighing on the outlook for travel.”