Global air demand grew 3.8 percent year over year for
September, according to the International Air Transport Association, outpacing
global capacity, which rose 3.3 percent year over year. Load factor climbed 0.4
percentage point to 81.9 percent, which was a record for the month.
Even so, IATA executives said September fell short of the
industry's long-run average growth rate of 5.5 percent. “September marked the
eighth consecutive month of below average demand growth," said IATA Director
General and CEO Alexandre de Juniac."Given the environment of declining
world trade activity and tariff wars, rising political and geopolitical
tensions and a slowing global economy, it is difficult to see the trend
reversing in the near term.”
Story continues below.
In September, crossborder demand rose 3 percent year over
year, while crossborder capacity climbed 2.6 year over year. Load factor edged
up 0.3 percentage point to 81.6 percent.
Worldwide domestic air demand rose 5.3 percent year over
year in September. Capacity rose 4.7 percent year over year, and load factor
rose 0.5 percentage point to 82.3 percent.
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