IATA reports strong passenger growth for July

IATA reports strong passenger growth for July

The International Air Transport Association has announced healthy global passenger demand for July with all regions reporting growth.

Total revenue passenger kilometres rose 6.2 per cent compared to the same month last year.

While this was down from 8.1 per cent year-over-year growth in June, it nevertheless marked a solid start to the peak passenger demand season.

Monthly capacity (available seat kilometres or ASKs) increased by 5.5 per cent and load factor rose 0.6 percentage point to a record high for July of 85.2 per cent.

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“The industry posted another month of solid traffic growth.

“And the record load factor shows that airlines are becoming even more efficient in terms of deploying capacity to meet demand.

“However, rising costs - particularly fuel - will likely limit the stimulus we would expect from lower airfares.

“Therefore, we do expect to see a continued slowing of growth compared to 2017,” said Alexandre de Juniac, IATA director general.