Global air passenger traffic demand up 7.6% in November - IATA

Global demand for air travel rose 7.6% in November, the strongest rate for 9 months, with European traffic rebounding, IATA said Wednesday. Global capacity measured in available seat kilometres rose slower than demand at 6.5%, meaning load factors increased 0.8 percentage points to a November record high of 78.9%, IATA said in its monthly traffic update. European carriers saw demand rise 8.3% in November, suggesting that the region is recovering from disruption caused by attacks and political upheavals, IATA said. IATA has forecast airlines' profitability will fall in 2017 after peaking this year. "The threat of terrorism, questions over the durability of the economic upswing, rising oil prices and increasing protectionist rhetoric are among the concerns. " IATA head Alexandre de Juniac said. <br/>