• Monday, June 17, 2024
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African airlines record second highest passenger traffic growth in May – IATA

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International Air Transport Association (IATA) has said that African airlines recorded the second highest demand growth globally in May, with traffic up 9.5 percent, compared with a year ago.
This is contained in IATA’s global passenger traffic results for February, which was issued by Tony Tyler, its director-general, yesterday.

“African airlines’ traffic rose 9.5 percent, continuing the trend of strong growth that is linked to the expansion of long-haul networks by the region’s carriers, particularly Ethiopian Airlines.
“Capacity rose 10.4 percent, and load factor slipped 0.5 percentage points to 64.5 percent,” the statement said.

According to the statement, Middle East carriers had an 11.8 percent rise in demand in May, compared with a year ago, which was the largest increase among regions.

However, it noted that there was a strong growth in air travel demand for both domestic and international traffic globally.

The statement said total Revenue Passenger Kilometres (RPKs) rose 4.6 percent, compared with the same month in 2015, which was the same level achieved in April.

According to the statement, capacity climbed 5.5 percent, which pushed the average load factor down 0.7 percentage points to 78.7 percent. It said: “After a very strong start to the year, demand growth is slipping back toward more historic levels. Combinations of factors are likely behind this more moderated pace of demand growth.

“These include continuing terrorist activity and the fragile state of the global economy. Neither bode well for travel demand. And the shocks of Istanbul and the economic fallout of the Brexit vote make it difficult to see an early uptick.”

According to the statement, the shockwaves of the Brexit vote have extended worldwide and the fallout will affect the air transport industry, from both economic and regulatory perspectives.

The statement said: “Aviation plays a vital role in supporting economic growth and development. As the post-Brexit regulatory framework is negotiated between the EU and the UK, it is critical that there are no steps backward for aviation connectivity.”