International air travel rose 3.6 per cent through 2014 compared with the previous year, according to figures released by IATA.
Air traffic grew by 5.8 per cent and capacity increased 3.2 per cent, bringing up the load factor to 79.5 per cent, two percentage points higher than in 2013.
“The growth trend in international passenger travel has flattened over the past several months,” IATA said in a statement.
“This development reflects a gradual slowdown in improvements in business confidence throughout 2H 2014, with economic conditions in the Eurozone and China deteriorating. Nonetheless, travel within Europe itself performed well overall in 2014, expanding 3.9 per cent, facilitated by expansion in capacity and routes, as well as declines in airfares.”
However, it added that the Far East weakened considerably, up just 1.4 per cent in 2014 overall, with declines seen in Thailand and Malaysia.