Global air passenger traffic demand up 7.6 percent in November - IATA
Reuters
Published Jan 11, 2017 11:07
Global air passenger traffic demand up 7.6 percent in November - IATA
(Reuters) - Global demand for air travel rose 7.6 percent in November, the strongest rate for nine months, with European traffic rebounding, the International Air Transport Association (IATA) said on Wednesday.
Global capacity measured in available seat kilometres rose slower than demand at 6.5 percent, meaning load factors - a measure of how full planes are - increased 0.8 percentage points to a November record high of 78.9 percent, IATA said in its monthly traffic update.
European carriers saw demand rise 8.3 percent in November, suggesting that the region is recovering from disruption caused by attacks and political upheavals, IATA said.
IATA has forecast airlines' profitability will fall in 2017 after peaking this year.
"The threat of terrorism, questions over the durability of the economic upswing, rising oil prices and increasing protectionist rhetoric are among the concerns. " IATA head Alexandre de Juniac said in a statement.
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Written By: Reuters
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