The International Air Transport Association (IATA) has announced global passenger traffic data for October 2019 showing that demand (measured in total revenue passenger kilometers or RPKs) climbed 3.4% compared to the year-ago period.
This was a modest slowdown from 3.9% growth recorded in September, owing to softer traffic performance in domestic markets. October capacity (available seat kilometers or ASKs) increased by 2.2% and load factor climbed 0.9 percentage point to 82.0%, which was a record for October.
“Traffic growth continues to be depressed compared to historical long-term growth levels, reflecting continued moderating economic activity in some key markets and sagging business confidence. However, the fact that traffic is growing is a positive, and the industry continues to do an excellent job of maximizing asset efficiency, as shown in the record load factor,” said Alexandre de Juniac, IATA’s Director General and CEO.
International Passenger Markets
passenger demand rose 3.2% compared to October 2018, unchanged from September’s
year-over-year performance. With the exception of Latin America, all regions
recorded increases, led by Middle East airlines for the first time since June
2018. Capacity climbed 1.6%, and load factor rose 1.3 percentage points to
airlines’ October traffic
increased 3.8% compared to the year-ago period, a bit below the 4.0% annual
growth recorded in September and well down on 2018 growth largely owing to
weaker business confidence in a number of key markets, the impact of the
US-China trade war and the recent disruptions in Hong Kong. Capacity rose 2.7%
and load factor edged up 0.9 percentage point to 79.6%.
carriers saw October demand
climb 2.1% year-to-year, down from 3.2% growth in September. On a
seasonally-adjusted basis traffic is showing a moderate upward trend despite
generally soft economic activity in some of the key markets. Capacity
rose 1.3%, and load factor climbed 0.7 percentage point to 85.7%, which was the
highest among regions.
Eastern airlines posted a 5.9%
traffic increase in October, which was a sharp increase over the 1.8% growth seen
in September and throughout the year. Capacity increased 0.3%, and load factor
surged 3.9 percentage points to 73.5%.
American carriers had the second
highest international demand in October, with traffic up 4.1% compared to
October a year ago and largely in-line with a 4.3% annual increase in
September. Growth is underpinned by a solid US economy and robust consumer
spending. Capacity rose 2.0%, and load factor grew by 1.6 percentage points to
Latin American airlines experienced a 0.6% demand drop in October compared to the same month last year. This was the weakest performance in nine years and compared to a 0.9% positive growth in September. Deteriorating economic conditions and rising social and political unrest in some of the region’s key economics likely contributed to the results. Capacity fell 2.3% and load factor rose 1.4 percentage points to 81.4%.
African airlines’ traffic climbed 1.8% in October, the same as in September. Economic slowdown in South Africa may have weighed on the recent moderation in demand growth. Capacity rose 3.6%, however, and load factor dipped 1.3 percentage points to 69.0%.