IATA: Passenger traffic up 7.2% in Q1, moderation expected in Q2
Global air passenger traffic in March grew at its fastest monthly pace in a year—up 9.5% year-over-year—driven by a generally strong global economic backdrop, according to IATA. For Q1, passenger traffic was up 7.2%, comparable to the 7.0% growth pace set during the same period a year ago. Overall capacity increased 6.4% during the month, driving up the total market load factor 2.3 points to 82.4%, setting a new industry-wide load factor record for the second month in a row. Nonetheless, IATA cautioned that a moderation in passenger traffic growth is expected in 2018. “Demand for air travel remains strong … but rising cost inputs, particularly fuel prices, suggest that any demand boosts from lower fares will moderate going into the second quarter,” IATA CE Alexandre de Juniac said. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-05-09/general/iata-passenger-traffic-up-7-2-in-q1-moderation-expected-in-q2
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IATA: Passenger traffic up 7.2% in Q1, moderation expected in Q2
Global air passenger traffic in March grew at its fastest monthly pace in a year—up 9.5% year-over-year—driven by a generally strong global economic backdrop, according to IATA. For Q1, passenger traffic was up 7.2%, comparable to the 7.0% growth pace set during the same period a year ago. Overall capacity increased 6.4% during the month, driving up the total market load factor 2.3 points to 82.4%, setting a new industry-wide load factor record for the second month in a row. Nonetheless, IATA cautioned that a moderation in passenger traffic growth is expected in 2018. “Demand for air travel remains strong … but rising cost inputs, particularly fuel prices, suggest that any demand boosts from lower fares will moderate going into the second quarter,” IATA CE Alexandre de Juniac said. <br/>
