Aircraft and transport. IATA: passenger growth slows in January
Results were affected by temporary factors
The International Air Transport Association (IATA) announced global passenger traffic results for January 2018 showing traffic (revenue passenger kilometers or RPKs) rose 4.6% compared to January 2017. This was the slowest year-over-year increase in nearly four years, but results were affected by temporary factors including the later timing of the Lunar New Year in 2018 as well as less favorable comparisons with the strong upward trend in traffic seen in late 2016-early 2017.
IATA estimates the impact of the later Lunar New Year-related travel period holiday represented around two-fifths of the slowdown in year-over-year growth for the month. January capacity (available seat kilometers or ASKs) rose 5.3%, and load factor slipped half a percentage point to 79.6%.
International passenger demand growth slowed to 4.4% in January, from 6.1% in December, with all regions recording growth, led by Latin America and Europe. Capacity rose 5.3% and load factor dipped 0.7 percentage point to 79.6%.
Domestic traffic climbed 5.1% in January year-on-year, down from 7% growth recorded in December. The slowdown is entirely attributable to the later Lunar New Year holiday period in 2018. All markets showed growth, led by India, which experienced its 41st consecutive month of double-digit traffic increases. Domestic capacity increased 5.3% and load factor slid 0.2 percentage point to 79.8%.
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