October Global Airline Passenger Demand Rebounds from Weather-Impacted September
IATA announced global passenger traffic results for October 2017 showing that demand rose 7.2% compared to the same month last year.
Global air freight markets show that demand, measured in freight tonne kilometers (FTKs), rose 5.9% in October 2017 compared to the year-earlier period. A slowdown from the annual growth recorded in September 2017 but still exceeded the growth rate over the past decade.
IATA announced global passenger traffic results for September 2017 which showed that demand (RPKs) rose 5.7% compared to the same month in 2016. This was the slowest year-on-year increase since February.
The International Air Transport Association (IATA) expects 7.8 billion passengers to travel in 2036, a near doubling of the 4 billion air travelers expected to fly this year. The prediction is based on a 3.6% average Compound Annual Growth Rate (CAGR) noted in the release of the latest update to the associations 20-Year Air Passenger Forecast.
IATA announced industry performance statistics for 2016 showing that airlines carried 3.8 billion passengers on scheduled services last year. This information is included in the 2017 edition of the IATA World Air Transport Statistics (WATS), the yearbook of the airline industrys performance.