IATA: passenger demand continues strong growth in May

posted on 5th July 2018 by Justin Burns
IATA director general and chief executive officer, Alexandre de Juniac

Global passenger traffic results for May showed that demandmeasured in revenue passenger kilometres (RPKs) rose 6.1 per cent compared to the same month in 2017, according to the International Air Transport Association (IATA).

This was a slight pick-up from the six per cent year-over-year growth for April 2018. Capacity climbed 5.9 per cent and the load factor rose 0.1 percentage point to 80.1 per cent.

RPKs in Africa fell 0.8 per cent, but were up in all other regions including Asia Pacific (8.7 per cent), Latin America (6.1 per cent), Europe (six per cent), North America (5.2 per cent), and the Middle East (0.5 per cent).

IATA’s director general and chief executive officer, Alexandre de Juniac (pictured above) said: “May was another solid month in terms of demand growth. As had been expected, we saw some moderation, as rising airline costs are reducing the stimulus from lower airfares.”

He added: “In particular, jet fuel prices are expected to be up nearly 26% this year compared to 2017. Nevertheless, the record load factor for the month signifies that demand for air connectivity is strong.”