GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Travel and Tourism

 
  Share

Dubai, United Arab Emirates -  04 July  2019:  The International Air Transport Association (IATA) announced global passenger traffic results for May showing that demand (measured in revenue passenger kilometers, or RPKs) rose 4.5% compared to the same month in 2018. This was in line with the revised April traffic growth of 4.4% and above the recent trough of 3.1% year-on-year growth recorded in March.

However, it remains below the 20-year average growth rate of around 5.5%. Capacity (available seat kilometers or ASKs) climbed by a modest 2.7% and load factor rose 1.4 percentage points to 81.5%, surpassing last year's record load factor of 80.1%. 

“Passenger demand growth has slowed compared to the past two years. This is in line with slumping global trade, rising trade tensions and weakening business confidence. In this challenging environment, airlines are managing capacity carefully in order to optimize efficiency,” said Alexandre de Juniac, IATA's Director General and CEO. 

International Passenger Markets
 
International traffic demand rose 4.3% in May over the year-ago period, which was down from 5.1% growth in April. All regions recorded growth, led by airlines in Latin America. Total capacity climbed 2.1%, with load factor jumping 1.7 percentage points to 80.4%.
 
• European carriers' May demand climbed 5.4% over May 2018, a deterioration from the 7.7% year-over-year growth recorded in April. Capacity rose 4.6% and load factor was up 0.7 percentage point to 84.2%, which was the highest among regions. Most of the region's growth, however, occurred in the first half of 2018, with demand moving broadly sideways since then. 
 
• Asia-Pacific airlines saw their traffic rise 4.0% in May compared to the year-ago period, an improvement over the 2.9% increase in April. Capacity increased 3.0%, and load factor edged up 0.8 percentage point to 78.6%. This is the second consecutive monthly increase in demand, but it still represents a soft outcome in a region that regularly saw double-digit growth rates over the past few years. The US-China trade tensions continue to weigh upon growth in the region. 
 
• Middle East carriers' May demand growth decelerated to 0.8% compared to a year ago, from 3.3% annual growth recorded in April. This partly reflects the impact of the structural changes that are underway in the industry in the region. May capacity plunged 6.1%, and load factor soared 5 percentage points to 73.0%. 
 
• North American airlines' traffic rose 4.8% in May compared to May 2018, a slowdown from 5.6% annual growth in April. Capacity climbed 2.7% and load factor strengthened 1.7 percentage points to 83.6%. The comparatively strong US domestic economy, and US dollar is helping to offset any trade-related softening in international travel.
 
• Latin American airlines experienced a strong 6.7% increase in traffic in May compared to the same month last year, which was well up from 5.1% growth in April. Passenger demand is currently holding up well, despite a challenging economic backdrop in a number of countries. Capacity climbed 4.0% and load factor jumped 2.1 percentage points to 84.0%, second highest among the regions. 
 
• African airlines posted a 2.1% traffic rise in May compared to the year-ago period, which was up from just 1.1% growth in April. Capacity climbed 0.1% and load factor increased 1.3 percentage points to 67.0%. Traffic between Africa and Europe continues to expand strongly, but economic growth in South Africa – a key regional economy and air transport market– contracted sharply in the first quarter and this is adversely impacting air passenger demand.  
Domestic Passenger Markets
 
Domestic traffic increased 4.8% in May compared to May 2018, well above the 3% year-over-year rise recorded in April. Russia was the only market to see double-digit demand growth. Domestic capacity rose 3.8% and load factor climbed 0.8 percentage point to 83.4%.
 
• Russia's domestic traffic rose 10.6% year-over-year, which is up slightly from the 10.4% year-over-year growth recorded for April. Russia continues to benefit from favorable economic conditions and lower airfares. 
 
• Japan's domestic traffic rose 6.6% in May, up from 4.1% growth in April and the strongest performance since summer 2017. Fare stimulation, combined with robust economic growth, contributed to the result.
 
The Bottom Line
 
“While “Aviation is the business of freedom, connecting people and trade and creating new opportunities for growth and development. But to be effective, the business of freedom relies on borders that are open to the movement of people and goods—and aircraft. In recent weeks, we have seen extensive airspace closures owing to political tensions.
 
These closures have contributed to longer and less efficient routings, higher operating costs and increased carbon emissions. Without any compromise on safety, it is vital that governments work to minimize airspace closures so that the Business of Freedom can continue to deliver its benefits as efficiently as possible,” said de Juniac.



Posted by : GoDubai Editorial Team
Viewed 3440 times
Posted on : Thursday, July 4, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Abu Dhabi Airports and Abu Dhabi Ports exchange knowledge and experience
Next Story : Etihad Airways Celebrates Commencement of Boeing 787-10 Dreamliner Services to Shanghai
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Tonda 1950 Stone-set range'
Parmigiani Fleurier Kalpagraphe Chronometre Titanium
Transform Your Bedroom and Sleep Like a King With Robinsons' Latest Bedlinen Col...
Colourful Anniversary Limited anniversary edition now available in new colors
Toric Hémisphères Rétrograde Slate The traveller's watch featuring a new guilloc...
Aston Martin Valkyrie Wows Crowds on Public Debut at Silverstone
Special edition 2019 Ford Expedition ‘Turath' arrives in Al Tayer Motors and Pre...
Happy Eid with Corum Golden Bridge Round 39
Dubai-based Blue Ocean Group expands into UK distribution market ahead of Brexit
Sports Collection - Autumn Winter 2019
Mouawad unveils the Mouawad Dragon Yellow and White Diamond Suite, featuring the...
Salvatore Ferragamo Timepieces – Summer 2019 Collection
Tissot Heritage 1973 The racing legacy
The inauguration of codeshare flights between Kuwait and Istanbul-Sabiha Gö...
Picnic Indoors This Summer with Marks & Spencer
Ralph Lauren at The Championships, Wimbledon – Wednesday 10th July
Schneider Electric's Biggest Engineer-to-Order Factory in Asia Utilizes IIoT Tec...
The Perfect Shave Kit for your Summer Travels
Kitchen Hacks: 8 Clever Ways to Smart Storing
Celebrated singer and composer Quratulain Balouch set to perform at Rajmahal The...
Ralph Lauren at The Championships, Wimbledon – Sunday 14th July
Summer Skin Rituals with SUKIN
Union Coop Reports 20% Growth in Net Profit for the First half of 2019
Peugeot announces sizzling summer offers
Dubai's leading school operator to launch Affordable IB School in Dubai- Ambassa...
Ride Into the New School Year with the Coolest Gear
IHG signs world's largest voco with Maad International in Saudi Arabia
Lincoln Nautilus: Luxury Redefined Inside and Out
FW 2019 Amazone'
Robotics and Automation to the Fore at Materials Handling Middle East
Summer-ready BABY-G G-Lide BAX-100 makes splash this hot season
UAE Team Emirates Opens Its Account at the Tour De France With a Second Place Fi...
Empower launches “Intelligent Delta- T Analyzer and Detector”
Dubai Duty Free and Arabian Automobiles raffle a Nissan GT-R this holiday season
Ras Al Khaimah and Singapore to Discuss the Bilateral Cooperation'
Philipsen and Kristoff Claim Top 10 Spots for Uae Team Emirates in Stage 7 Sprin...
Purificacion Garcia Introduces the Women's FW19 Collection
Injazat Partners with Nuance to deliver Cloud-based Speech Recognition Technolog...
Automation Anywhere Expands into the Middle East with the Opening of Regional He...
Union Coop Releases ‘First' Update of Its Electronic Share Trading Platform
Al Qutami chairs DHA CEO council meeting
All-out Sprint in Albi as Philipsen Takes Sixth and Martin Breaks Into the Gener...
Canadian University Dubai joins Silk-Road Universities Network
Etihad Airways Recommences Flights to Khartoum
The Car That Responds to Your Mood: New Jaguar Land Rover Tech Helps Reduce Stress
Ahmed Mahboob Musabih welcomes DGEP Coordinator General
Dubai International Financial Centre Continues to Prioritise Ease of Doing Busin...
Schneider Electric Launches First Smart Factory in Mexico Implementing Innovativ...
MoHAP Youth Council Discusses Mutual Cooperation with Civil Defence Youth Council
First results from Arc Skills' programme show how gamification can transform edu...