IATA: Global passenger traffic demand up 7% in Q1
Global air passenger traffic has grown 7% year-over-year in Q1 of 2017, exceeding the long-run average 5.5% traffic growth rate, IATA said in its March Air Passenger Market Analysis. Adjusted for the 2016 leap year, Q1 passenger traffic has increased 8.1% over Q1 2016. “The robust start to 2017 has been supported by a combination of lower yields and airfares [plus] a broad-based upturn in in global economic conditions, which has helped to drive demand for passenger travel,” IATA senior economist David Oxley said. “Air travel has continued to become cheaper relative to the price of other goods and services; the price of air travel has fallen by around 10% in real terms over the past year.” Total market capacity grew 5.5% YOY in Q1, and the total market passenger load factor increased 1.1 point to 80.1%. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-05-05/general/iata-global-passenger-traffic-demand-up-7-in-q1
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IATA: Global passenger traffic demand up 7% in Q1
Global air passenger traffic has grown 7% year-over-year in Q1 of 2017, exceeding the long-run average 5.5% traffic growth rate, IATA said in its March Air Passenger Market Analysis. Adjusted for the 2016 leap year, Q1 passenger traffic has increased 8.1% over Q1 2016. “The robust start to 2017 has been supported by a combination of lower yields and airfares [plus] a broad-based upturn in in global economic conditions, which has helped to drive demand for passenger travel,” IATA senior economist David Oxley said. “Air travel has continued to become cheaper relative to the price of other goods and services; the price of air travel has fallen by around 10% in real terms over the past year.” Total market capacity grew 5.5% YOY in Q1, and the total market passenger load factor increased 1.1 point to 80.1%. <br/>
