The International Air Transport Association (IATA) said global passenger demand (measured in revenue passenger kilometers or RPK’s) rose 3.3% in November compared with the same month in 2018. This was unchanged from October’s result and below the long-term trend. Capacity (available seat kilometers or ASK’s) increased by 1.8%, and load factor climbed 1.1 percentage points to 81.1%, which was a record for any November. All regions saw annual increases in traffic. Alexandre de Juniac, IATA’s CEO, said November’s moderate result reflects the continuing influence of slower economic activity, geopolitical tensions and other disruptions, including strikes in Europe. On the plus side, he said, positive developments in the US-China trade talks, in tandem with signs of improving business confidence, could support an uptick in travel demand. In the meantime, continued modest capacity growth is “helping to maximize asset efficiency.” North American carriers’ international demand climbed 2.3% compared with November 2018, down from the 3.6% growth recorded in October. Despite a slowing in economic activity, fundamentals remain generally sound for the region, although the rise in geopolitical tensions may impact international demand going forward. Capacity rose 1.6%, and load factor accelerated 0.6 percentage point to 81.2%.