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Passenger Demand Accelerates in March, Load Factor Sets Another Record

Posted : 05 May 2018 02:42:41 | By TWO Bureau | New Delhi

Passenger Demand Accelerates in March, Load Factor Sets Another Record

The International Air Transport Association (IATA) announced global passenger traffic results for March 2018 showing that demand (measured in revenue passenger kilometers, or RPKs) rose 9.5%, compared to the same month a year ago, the fastest pace in 12 months. Capacity (available seat kilometers, or ASKs) grew 6.4% and load factor climbed 2.3 percentage points to 82.4%, which set a record for the month, following on the record set in February. All regions except for the Middle East posted record load factors.

 

"Demand for air travel remains strong, supported by the comparatively healthy economic backdrop and business confidence levels. But rising cost inputs—particularly fuel prices—suggest that any demand boosts from lower fares will moderate going into the second quarter," said Alexandre de Juniac, IATA’s Director General and CEO.

 

March international passenger demand rose 10.6% compared to March 2017, which was up from 7.4% year-over-year growth recorded in February. All regions showed strong increases. Total capacity climbed 6.6%, and load factor improved 2.9 percentage points to 81.5%.

 

  • Asia-Pacific airlines’ traffic soared 11.6% in March, compared to the year-ago period. Passenger traffic is continuing to trend upwards, supported by strong regional economic growth and ongoing expansion in the number of airport-pair options for travelers. Capacity increased 8.2%, and load factor rose 2.5 percentage points to 80.9%.

 

  • European carriers saw March traffic climb 9.8% over March 2017, up from 6.9% annual growth in February. Business confidence in the most-open countries in the region has been hit by trade tensions in recent months, but economic conditions remain broadly supportive. As with Asia-Pacific region, demand is also being stimulated by increases in the number of nonstop airport-pairs. March capacity rose 6.4% and load factor was up 2.6 percentage points to 84.6%, highest among regions.



Tags : #Passenger Demand, # Accelerates, # March, # Load Factor, # Record,


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