Global air passenger demand grew 3.3 percent year over year, according to the International Air Transport Association. Global capacity rose 1.8 percent year over year. Load factor rose 1.1 percentage points to 81.1 percent, a record for the month of November.
"November's moderate result reflects the continuing influence of slower economic activity, geopolitical tensions and other disruptions, including strikes in Europe," said IATA director general and CEO Alexandre de Juniac. "On the plus side, positive developments in the U.S.-China trade talks, in tandem with signs of improving business confidence, could support an uptick in travel demand. In the meantime, continued modest capacity growth is helping to maximize asset efficiency."
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Crossborder traffic rose 3.1 percent year over year. Capacity rose 0.7 percent year over year. Load factor rose 1.8 percentage points to 80.1 percent.
Worldwide domestic traffic rose 3.5 percent year over year. Capacity rose 3.8 percent year over year. Load factor fell 0.2 percentage points to 82.8 percent.
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