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Thursday, 11 August 2022 08:43
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Passenger Demand Accelerates in June

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Geneva - The International Air Transport Association (IATA) announced global passenger traffic results for June showing that demand (measured in total revenue passenger kilometers or RPKs) rose by 7.8% compared to June 2017.

This was up from 6.0% year-over-year growth recorded in both May and April. June capacity (available seat kilometers or ASKs) increased by 6.5%, and load factor rose 1.0 percentage point to 82.8%. The first six months of 2018 produced demand growth of 7.0%, a strong performance, but down from 8.3% growth recorded in the first half of 2017.

"The first half of 2018 concluded with another month of above-trend demand growth, which is a good indicator for the peak summer travel season in the northern hemisphere. But the looming prospect of a global trade war is casting a long shadow. Additionally, rising cost inputs—fuel prices have soared by approximately 60% over the past year—are reducing the stimulus of lower fares," said Alexandre de Juniac, IATA’s Director General and CEO . . . . . .

  • Source/ReadMore: An IATA release
Published in TRAVEL
Tagged under
  • Travel
  • Business
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