New IATA Report on Air Passenger Traffic Points Towards Slowdown in India and Australia: Check Highlights Here

The International Air Transport Association (IATA) has today published the global passenger traffic data for the August month and the report shows that the air passenger traffic has gone up by 3.8%

By October 10th, 2019 AT 7:19 PM
Highlights
  • In the Asia Pacific region, August traffic went up by 3.5%
  • The slowdown in India and Australia can be because of trade disputes as per IATA

The International Air Transport Association (IATA) has today published the global passenger traffic data for the August month and the report shows that the air passenger traffic (measured in total revenue passenger kilometers or RPKs) has gone up by 3.8% as compared to the same period previous year. As opposed to this figure, the increase was only 3.5% in July. August capacity also (available seat kilometers or ASKs) increased by 3.5% in the same period. The Load factor in the industry also went up by 0.3% percentage point to 85.7%. This is a new monthly record set, and the trend is expected to continue as the airlines continue to better utilise resources.

iata-report-slowdown-india

Alexandre de Juniac, IATA’s Director General and CEO remarked about this new report, “While we saw a pick-up in passenger demand in August compared to July, growth remains below the long-term trend and well-down on the roughly 8.5% annual growth seen over the 2016 to Q1 2018 period. This reflects the impact of economic slowdowns in some key markets, uncertainty over Brexit and the trade war between the US and China. Nonetheless, airlines are doing a great job of matching capacity to demand. With passenger load factors reaching a new high of 85.7% this is good for overall efficiency and passengers’ individual carbon footprint.”

The IATA report highlighted that in the Asia Pacific region, August traffic went up by 3.5% as compared to the same period in the previous year, this was a much better figure as compared to the 2.6% rise in July. However, there is also the fact that this figure remains lower than the long-term average growth rate of around 6.5%. As per IATA, this is also reflecting of slow growth in India and Australia and the reason could also be contributed to the trade disputes going on in the countries. In the same period studied by IATA, the Capacity went up by 3.9% and load factor went down by 0.4% point to 82.8%.

Read more on:

Whenever Arpit boards a plane he is filled with awe and bewilderment and soaring above the skies is something marvellous for him. An aviation and tech geek through and through Arpit writes at AviationScoop not only because he's experienced and good at his craft but also because flying is something which makes his heart flutter with joy.

Recent Posts

Vistara Direct Will Get You Benefits like Free Cancellations, Priority Services, Offers and More

The absence of JetAirways is being felt by a lot of air passengers in India, especially the business travellers who...

Air India Assets Holding Raises Rs 21,985 Crore By Bond Sale

Air India Assets Holding Ltd (AIAHL) was a special body formed by the government to overtake the debt of Air...

GoAir Focusing On Keeping Travel Cost Low For Its Customers This Diwali

GoAir has made travelling a cheaper thing this Diwali. It recently announced its latest offer where people who book tickets...