The International Air Transport Association reported that worldwide airline passenger demand in February grew 3.7 percent year over year,

though demand from the U.S. point of sale was weaker. For North American carriers, international traffic in February increased 0.3 percent year over year, while domestic U.S. traffic fell 0.6 percent. "As with international traffic, the year-on-year growth rate is masking a recent uptick in the growth trend" in North America, according to IATA. "The U.S. market has been growing at an annualized rate of 9 percent since the fourth quarter of 2012." While IATA director general and CEO Tony Tyler viewed February's global traffic figures as "good news," he indicated that "much of the growth is concentrated on emerging markets." Tyler said airlines continue to maintain tight supply, with global airline capacity in February up only 1 percent. Though U.S. domestic traffic dipped, capacity fell further—by 2.5 percent year over year.