IATA: 2018 passenger traffic growth slows on 60% rise in fuel costs
Global air passenger traffic was up 7.8% in June, reflecting a healthy start to the peak summer travel season in the northern hemisphere, but overall demand through June has moderated in 2018 compared to the first-half of 2018, according to IATA’s latest Air Passenger Market Analysis. Compared to April and May 2018, in which year-over-year passenger traffic growth was about 6% each month, June’s results were strong, considerably ahead of the 5.5% 10-year average pace. But through June 30, passenger traffic has increased at a 7% rate, down from 8.3% in 1H 2017. IATA attributes the slowdown to a 60% rise in fuel prices over the past year, noting that fuel costs are up about 125% from their low point in early 2016. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-08-15/general/iata-2018-passenger-traffic-growth-slows-on-60-rise-in-fuel-costs
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IATA: 2018 passenger traffic growth slows on 60% rise in fuel costs
Global air passenger traffic was up 7.8% in June, reflecting a healthy start to the peak summer travel season in the northern hemisphere, but overall demand through June has moderated in 2018 compared to the first-half of 2018, according to IATA’s latest Air Passenger Market Analysis. Compared to April and May 2018, in which year-over-year passenger traffic growth was about 6% each month, June’s results were strong, considerably ahead of the 5.5% 10-year average pace. But through June 30, passenger traffic has increased at a 7% rate, down from 8.3% in 1H 2017. IATA attributes the slowdown to a 60% rise in fuel prices over the past year, noting that fuel costs are up about 125% from their low point in early 2016. <br/>
