IATA: Fuel prices, labour costs likely to slow passenger growth in 2018
Worldwide passenger traffic grew 7.6% in 2017, outpacing the 10-year average annual growth rate of 5.5%, as passengers responded to an overall improvement in the global economy and lower airfares, according to IATA’s Air Passenger Market Analysis for Dec 2017, released Feb 1. Global passenger capacity was up 6.3% for the full year, producing an 81.4% total market passenger load factor, up 0.9 point from 2016. December passenger traffic moderated, however, with a 6.2% year-over-year rise in traffic, the slowest growth rate in 3 months. IATA forecast passenger traffic growth in 2018 will continue to be above trend, but will nonetheless be slightly slower than 2017. Traffic growth should continue to be in the 7.5% to 8% region during early 2018. <br/>
https://portal.staralliance.com/imagelibrary/news/hot-topics/2018-02-05/general/iata-fuel-prices-labour-costs-likely-to-slow-passenger-growth-in-2018
https://portal.staralliance.com/imagelibrary/logo.png
IATA: Fuel prices, labour costs likely to slow passenger growth in 2018
Worldwide passenger traffic grew 7.6% in 2017, outpacing the 10-year average annual growth rate of 5.5%, as passengers responded to an overall improvement in the global economy and lower airfares, according to IATA’s Air Passenger Market Analysis for Dec 2017, released Feb 1. Global passenger capacity was up 6.3% for the full year, producing an 81.4% total market passenger load factor, up 0.9 point from 2016. December passenger traffic moderated, however, with a 6.2% year-over-year rise in traffic, the slowest growth rate in 3 months. IATA forecast passenger traffic growth in 2018 will continue to be above trend, but will nonetheless be slightly slower than 2017. Traffic growth should continue to be in the 7.5% to 8% region during early 2018. <br/>
