World airline passenger traffic continues to grow
The strong growth momentum in global passenger traffic in January has spilled over to February, propelled by lower fares and a healthier economic backdrop, says the industry's global body. IATA reported total revenue passenger kilometres rose 4.8% year-on-year for February. Although this was lower growth than in January, year-to-year comparisons are distorted because February 2016 was a leap month, IATA pointed out. Adjusting for the 1 fewer day this year, the underlying growth rate was estimated at 8.6%, just under January's rise of 8.9%. Monthly capacity increased by 2.7%, while load factor rose 1.6 percentage points to 79.5%, the highest ever recorded for February. IATA estimates that allowing for inflation, the price of air travel has fallen by more than 10% in real terms over the past year. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-04-11/general/world-airline-passenger-traffic-continues-to-grow
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World airline passenger traffic continues to grow
The strong growth momentum in global passenger traffic in January has spilled over to February, propelled by lower fares and a healthier economic backdrop, says the industry's global body. IATA reported total revenue passenger kilometres rose 4.8% year-on-year for February. Although this was lower growth than in January, year-to-year comparisons are distorted because February 2016 was a leap month, IATA pointed out. Adjusting for the 1 fewer day this year, the underlying growth rate was estimated at 8.6%, just under January's rise of 8.9%. Monthly capacity increased by 2.7%, while load factor rose 1.6 percentage points to 79.5%, the highest ever recorded for February. IATA estimates that allowing for inflation, the price of air travel has fallen by more than 10% in real terms over the past year. <br/>
