IATA: Passenger Traffic Slows In March

Global passenger traffic grew 5.3 per cent in March compared with the previous year, according to the latest IATA data.

Global passenger traffic grew 5.3 per cent in March compared with the previous year, according to the latest IATA data.

Despite increasing year-on-year, growth in March was slower than in January (7.2 per cent) and February (8.6 per cent).

Demand for domestic travel climbed by 3.7 per cent year-on-year while demand for international travel also rose by 6.2 per cent compared to March 2015.

Tony Tyler, IATA’s director general and CEO, said it was premature to say whether the slow down marks the end of recent strong results.

“We do expect further stimulus in the form of network expansion and declines in travel costs, however, the wider economic backdrop remains subdued,” he said.

 

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