Global Passenger Traffic Climbed in October, Says IATA
By Harvey Chipkin
Global passenger traffic for October climbed 3.4% compared with the previous year, according to the International Air Transport Association (IATA). This was a modest slowdown from the 3.9% growth recorded in September, owing to softer performance in domestic markets. October capacity (available seat kilometers or ASKs) increased by 2.2% and load factor climbed 0.9 percentage points to 82%, which was a record for October. Alexandre de Juniac, IATA’s CEO, said growth continues to be depressed compared with historical long-term growth levels, reflecting continued moderating economic activity in some key markets and sagging business confidence. However, he said the fact that traffic is growing is a positive, and the industry continues to do an excellent job of maximizing asset efficiency, as shown in the record load factor. Demand for domestic travel climbed 3.6% in October compared with October 2018, down from 5.1% annual growth recorded in September owing to softer performance in the US and China, the largest domestic markets.