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Wednesday, October 2, 2013

Air Passenger Demand Remains Strong

Woodrow Bellamy III

Global air passenger traffic results for August showed international passenger demand increasing 7.5 percent year-on-year, according to a new report from the International Air Transport Association (IATA). 
 
Middle Eastern carriers saw the strongest year-over-year air passenger traffic growth with an increase of 15.1 percent in August.
 
Latin American carriers had the second strongest month in August with 9.8 percent growth in air passenger traffic, and they were followed by Asia Pacific region carriers with an increase of 8.6 percent compared to August 2012. 
 

“August was a positive month for passenger travel. Strong demand and capacity discipline saw load factors match the previous record high of 83.4 percent," said Tony Tyler, CEO and director general of IATA. "Trading conditions are still tough with high oil prices, stiff competition and regulatory hurdles. But demand growth remains a bright spot with most indications pointing towards an acceleration in the fourth quarter." 

 

Related: Global Air Cargo Traffic  Improves Modestly in August

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