IATA projects steady but moderating growth in 2019 as worldwide economy slows >>
by: BTE
The International Air Transport Association (IATA) reported healthy but moderating global passenger traffic results for November 2018. Total revenue passenger kilometers (rpk’s) rose 6.2 percent compared with the same month the previous year, a slight deceleration from 6.3 percent growth in October. Capacity (available seat kilometers or ASKs) increased by 6.8 percent over the year-ago period, and load factor dipped 0.4 percentage points to 80 percent. It was only the third time in two years that load factor fell on a year-to-year basis. Alexandre de Juniac, IATA’s CEO, said that traffic is solid but there are clear signs that growth is moderating in line with the slowing global economy. He said 6 percent demand growth is projected for this year but trade tensions, protective tariffs and Brexit are all uncertainties that overhang the industry.
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