IATA reports continued good but uneven growth in air passenger traffic in May
The global representative body for the airline industry, the International Air Transport Association (IATA), has reported that total global air passenger traffic in May was up 5%, year-on-year (y-o-y). International traffic increased by 6.7% over the same period, while domestic air travel rose by 2.1%.
Total global air passenger capacity was 5% higher, y-o-y, with international capacity increasing by 6.4%. Domestic capacity rose 2.8%.
The total load factor for airliners globally in May was 83.4%. This was actually -0.1 of a percentage point (ppt) down, y-o-y. For international operations, the load factor was 83.2% (a y-o-y increase of 0.2 of a ppt). On domestic flights, the load factor was 83.7%, a -0.5 of a ppt decrease, y-o-y.
“Air travel demand growth was uneven in May,” noted IATA director-general Willie Walsh. “Globally, the industry reported 5% growth with Asia-Pacific taking the lead at 9.4%. The outlier was North America which reported a 0.5% decline, led by a 1.7% fall in the US domestic market. Severe disruptions in the Middle East in late June remind us that geopolitical instability remains a challenge in some regions as airlines maintain safe operations with minimal passenger inconvenience. The impact of such instability on oil prices – which remained low throughout May – is also a critical factor to monitor. Importantly, consumer confidence appears to be strong with forward bookings for the peak Northern summer travel season, giving good reason for optimism.”
After the abovementioned Asia-Pacific region, second place, in terms of y-o-y growth in total air passenger demand in May, was taken by Latin America, with 8.5%. Then came Africa (7.5%), the Middle East (6.2%), and Europe (3.4%), with the US coming last, with the previously mentioned contraction in demand.
In terms of international air travel demand, the Asia-Pacific was again the region that saw the highest level of demand, at 13.3%, with Africa next, at 9.5%. Then came Latin America (8.8%), the Middle East (6.2%), Europe (4.1%) and North America (1.4%).
The six major domestic air markets tracked by IATA are Australia, Brazil, China, India, Japan and the US. These six countries accounted for 79.1% of all domestic air traffic, worldwide. Of these, the one that recorded the greatest y-o-y growth in May was Brazil, at 18.3%. It was followed by China (7.4%), Japan (5.8%), India (3.1%) and Australia (1%), while the US, as Walsh mentioned above, recorded a contraction of -1.7%.
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