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NEWS Last modified on August 6, 2014

Growth in passenger traffic and air freight, IATA reports

The International Air Transport Association (IATA) reports that passenger traffic results for June showing a modest deceleration in demand growth compared to the prior month.

Total revenue passenger kilometres (RPKs) rose 4.7% over the year-ago period, which was below the 6.2% year-on-year increase recorded in May 2014, while June capacity (available seat kilometres or ASKs) increased by 5.0%, causing load factor to slip 0.2% to 81.5%.

Tony Tyler, IATA’s director general and CEO, comments: “June traffic growth at 4.7% is encouraging even though it is a slight weakening on May’s performance.

“Earlier signs of a softening in demand are dissipating. While that’s good news there are many risks in the political and economic environment that need careful monitoring."

IATA also reports global air freight markets showed a 2.3% growth in demand (measured in freight tonne kilometres) over June 2013, slower than the 4.9% growth reported for May.

Overall growth for the first six months of 2014 stands at 4.1%, compared to the same period in 2013, much stronger than the weak 1.4% increase reported for the full-year 2013 over 2012 levels.

IATA says the strengthened growth has been underpinned by improving global trade and stronger business activity over the past year, and Tyler, adds: "At the half-way point of the year, it is clear that overall cargo demand is much stronger than in 2013. Carriers in Asia-Pacific and the Middle East have been the biggest beneficiaries of the improved market conditions.

“Europe is doing reasonably well, albeit still in recovery mode. The weak spot is the Americas.”

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