IATA reports passenger demand growth slowed down in April | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The International Air Transport Association (IATA) announced global passenger traffic data for April 2018 showing that demand (revenue passenger kilometers or RPKs) rose by 6.2% compared to April 2017, which was down from a 12-month high of 9.7% in March. Comparisons with the year ago period are impacted by developments a year ago – including the comparatively late timing of Easter in 2017, which boosted April traffic. April capacity (available seat kilometers or ASKs) increased by 5.9%, and load factor climbed 0.2 percentage point to 82.3%, which was a record for the month of April, surpassing last year’s record of 82.1%. "Demand for air transport continues to be above the long-term trend. However, increases in airline cost inputs, most notably fuel prices, means that we are unlikely to see increased stimulation from lower fares in 2018, compared to previous years," said Alexandre de Juniac, IATA Director General and CEO.
International Passenger Markets April international passenger demand rose 4.8% compared to April 2017. All regions recorded year-over-year traffic increases but all were behind the pace of growth reported in March. Total capacity climbed 4.9%, and load factor slipped 0.1 percentage point to 81.4%.
Demand for domestic travel climbed 8.5% in April compared to April 2017, propelled by double-digit annual growth in India and China, Capacity increased 7.6%, and load factor rose 0.7 percentage point to 84.0%. All markets reported demand increases.
¹% of industry RPKs in 2017 ²Year-on-year change in load factor ³Load factor level *Note: the seven domestic passenger markets for which broken-down data are available account for 30% of global total RPKs and approximately 82% of total domestic RPKs
View IATA April passenger traffic analysis |
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