Demand Stays Strong

IATA reports that global passenger traffic results for February continued to show strong demand growth for both domestic and international travel.

Total revenue passenger kilometers (RPKs) rose 8.6%, compared to the same month last year. Monthly capacity (available seat kilometers or ASKs) increased by 9.6%, and load factor declined 0.7 percentage points to 77.8%.

Tony Tyler, director general and CEO for IATA, said: “In the first two months of 2016, demand for passenger connectivity is off to its strongest start in eight years. However, February was the first month since the middle of 2015 in which capacity growth exceeded demand, which caused the global load factor to decline. It is unclear whether this signals the start of a generalized downward trend in load factor, but it bears watching.”

Go to http://www.iata.org for more.