IATA: Passenger traffic growth slowed in September
Global airline passenger traffic growth slowed to an 8-month low of 5.5% year-over-year in September, down from 6.4% the previous month, according to IATA’s Air Passenger Market Analysis. While the September rate was in line with the 10-year average, it fell short of the 6.7% year-to-date growth rate. The slowdown was “likely owing to the anticipated reduced demand boost from lower airfares due to rising airline cost pressures,” IATA DG and CE Alexandre de Juniac said, adding that “heightened uncertainty about trade policies and mounting protectionist policies may also be having an impact.” The slowdown in traffic growth also reflects disruptions caused by hurricane and typhoon activity, particularly in Japan. However, even when accounting for that impact, the seasonally adjusted rate of growth slowed over Q3. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-11-07/general/iata-passenger-traffic-growth-slowed-in-september
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IATA: Passenger traffic growth slowed in September
Global airline passenger traffic growth slowed to an 8-month low of 5.5% year-over-year in September, down from 6.4% the previous month, according to IATA’s Air Passenger Market Analysis. While the September rate was in line with the 10-year average, it fell short of the 6.7% year-to-date growth rate. The slowdown was “likely owing to the anticipated reduced demand boost from lower airfares due to rising airline cost pressures,” IATA DG and CE Alexandre de Juniac said, adding that “heightened uncertainty about trade policies and mounting protectionist policies may also be having an impact.” The slowdown in traffic growth also reflects disruptions caused by hurricane and typhoon activity, particularly in Japan. However, even when accounting for that impact, the seasonally adjusted rate of growth slowed over Q3. <br/>
