Travel and Cargo On The Up, Says IATA

Air travel volumes were up 5.7 per cent in October’s year-on-year figures, a 0.5 per cent increase on September’s growth, according to IATA.

Air travel volumes were up 5.7 per cent in October’s year-on-year figures, a 0.5 per cent increase on September’s growth, according to IATA.

Asia Pacific’s international RPK (revenue passenger kilometres) was up 5.5 per cent in October and Europe’s 5.8 per cent despite a slowdown in the Eurozone economy.

“The outlook for air travel remains largely positive. Improvements in economies in Asia-Pacific and the US are offsetting weakness in the Eurozone and China.

The fall in oil prices, if sustained, could provide a much-needed operating cushion,” said Tony Tyler, IATA’s CEO.

IATA's data also confirms that cargo demand, in freight tonne kilometres, rose 5.4 per cent year-on-year. This out-stripped capacity, which grew 4.4 per cent.

“We are back to levels of demand not seen since the 2010 post-recession bounce-back,” said Tyler.

“But the industry is still in the hot seat and under pressure to improve its value offering. Customer expectations have evolved dramatically.

Other modes of cargo have improved their competitiveness.”

TAGS: Europe
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