Low fares drive increase in airline passengers
Thursday, August 10, 2017

The airline industry enjoyed its highest passenger traffic growth for 12 years during the first six months of the year.

Global air traffic grew by 7.9 per cent up to the end of June while airlines also recorded a record load factor of 80.7 per cent for the first half of any year, according to the latest IATA figures.

IATA said the increase was down to improved economic conditions around the world as well as lower airfares due to intense competition between carriers.

Alexandre de Juniac, IATA’s director general, said: “A brighter economic picture and lower airfares are keeping demand for travel strong.

“But as costs rise, this stimulus of lower fares is likely to fade and uncertainties such as Brexit need to be watched carefully. Nonetheless, we still expect 2017 to see above-trend growth.”

Airline traffic in June rose by 7.8 per cent compared with the same month in 2016 with all regions around the world experiencing passenger growth.

 

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