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IATA: Passenger demand rebounds in October

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Global passenger traffic showed demand in October measured in revenue passenger kilometres (RPKs) rose 6.3 per cent compared to the same month last year, according to figures released by the International Air Transport Association (IATA).

This marked a rebound from 5.5 per cent growth recorded in September, which was an eight-month low. Capacity also grew 6.3 per cent and the load factor was flat at 81.1 per cent, matching last year’s record for the month.

IATA’s director general and chief executive officer, Alexandre de Juniac said: “October’s healthy performance is reassuring after the slower demand growth in September – some of which was attributable to weather-related disruptions.

“However, the bigger picture is that traffic growth has moderated compared to earlier in the year, reflecting a more mixed economic backdrop and reduced demand stimulation from lower fares.”