Global passenger traffic results for November 2013 showed a “moderation in the pace of recent demand growth”, according to the International Air Transport Association (IATA). Total revenue passenger kilometres (RPKs) rose 4.1 per cent compared to November 2012 – slower than the 6.5 per cent year-over-year growth recorded in October. Capacity expanded by 6.1 per cent, but in out-pacing growth, meant that the total load factor dropped by a 1.4 percentage point to 76.3 per cent. "Demand growth hit a speed bump in November. But with continued modest improvements in economic conditions the outlook remains positive," said Tony Tyler, IATA’s director general and CEO.