Passenger demand rebounds in October

global passenger traffic results for October showing that demand rose 6.3% compared to October 2017

The International Air Transport Association (IATA) has reported global passenger traffic results for October showing that demand rose 6.3% compared to the same month last year. This marked a rebound from 5.5% growth recorded in September, which was an eight-month low. Capacity also grew 6.3% and load factor was flat at 81.1%, matching last year’s record for the month.

October international passenger demand rose 6.3% compared to October 2017, up from 5.1% growth in September. Airlines in all regions recorded gains. Total capacity climbed 6.1%, and load factor increased 0.1 point to 79.8%.

European carriers’ October demand climbed 7.5% over October 2017, which was the strongest growth among regions and well up on the 5.3% increase for September. Capacity rose 7.0% and load factor edged up 0.4 points to 85.2%, highest among regions.
Asia-Pacific airlines’ traffic rose 5.8% compared to the year-ago period, up from 5.4% year-over-year growth in September. Capacity climbed 5.4% and load factor rose 0.3 points to 78.9%.
Middle East carriers experienced a 4.4% rise in demand in October compared to last year, slowest among the regions for the seventh time in 12 months. It was, however, an increase over the 3.3% increase in September. Capacity increased 6.4%, and load factor slid 1.3 points to 69.8%, lowest among regions.
North American airlines’ traffic climbed 5.6% in October compared to the year-ago period, up from 4.9% growth in September. Strong momentum in the US economy is helping to drive robust international demand. Capacity rose 3.7% and load factor surged 1.4 points to 80.4%.
Latin American airlines were the only carriers to experience a slowdown in growth as demand rose 5.9% versus 6.3% in September. Capacity climbed 9.1%, and load factor dropped 2.4 points to 80.4%.
African airlines’ traffic grew 6.8% year-on-year in October, raised from 6% annual growth in September. The upward trend in passenger demand remains strong notwithstanding challenges in the economic backdrop of the continent’s largest economies, Nigeria and South Africa. Capacity rose 5.5%, and load factor climbed 0.9 points to 70.3%.

 

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