IATA’s global passenger traffic results for
November 2018 show that total revenue passenger kilometers (RPKs)
rose 6.2% when compared to November 2017, a slight deceleration
from 6.3% growth in October 2017.
Capacity (available seat kilometers or
ASKs) increased by 6.8% over the year-ago period, and load factor
dipped 0.4 percentage point to 80.0%. It is only the third time
in two years that load factor fell on a year-to-year basis.
“Traffic is solid. But there are clear signs
that growth is moderating in line with the slowing global economy.
We still expect 6% demand growth this year. But trade tensions,
protective tariffs and Brexit are all uncertainties that overhang
the industry,” said Alexandre de Juniac, IATA’s Director General
November international passenger demand rose 6.6%
compared to the year earlier period, up from 6.2% in October. All
regions showed growth, led by carriers in Europe. Total capacity
climbed 6.7%, and load factor dipped 0.1 percentage point to
European carriers saw demand increase by 9.0%
in November 2018, which was a nine-month high. Given the mixed
signs on the economic backdrop in the region it is unclear whether
this pace of growth can be sustained. Capacity climbed 9.1% and
load factor slipped 0.1 percentage point to 82.1%, the highest
load factor among the regions.
November traffic climbed 6.0% compared to the year-ago period, up
from 5.7% growth in October. Capacity also rose 6.0% and load
factor was flat at 79.1%. Growth is underpinned by rising living
standards and continuing expansion of options for travelers.
Middle East carriers had a 2.8% demand increase, which was the
lowest among the regions for a third consecutive month. Capacity
rose 5.6% and load factor slipped 1.9 percentage points to 69.0%.
North American airlines’ traffic climbed 6.1%, in November,
up from 5.7% in October and well ahead of the five-year average
rate of 4.0%. Capacity rose 3.8% and load factor edged up 1.7
percentage points to 80.6%. Demand is supported by comparatively strong momentum in the US economy.
Latin American airlines’
November traffic climbed 5.8% compared to November 2017, which was
an increase from 5.2% growth recorded in October. Despite the
increase, growth has slowed on a seasonally-adjusted basis.
Capacity rose 6.6% and load factor slipped 0.6 percentage point to
African airlines experienced a 5.7% rise in demand
compared to November 2017, down from 6.4% in October but higher
than the five-year average of 5.8%. Growth is occurring despite
challenges in the continent’s largest economies, Nigeria and South
Africa. Capacity rose 3.9% and load factor climbed 1.2 percentage
points to 68.9%.
Domestic Passenger Markets
travel demand rose 5.6% in November 2018 compared to the same
month in 2017, its slowest pace in 11 months and down from 6.5% in
October. All markets except Australia showed growth. Domestic
capacity climbed 6.9%, and load factor dropped 1.0 percentage
point to 82.8%