You are here

Global air passenger traffic demand up 4.6% in May: IATA

25676223.8 (36932535) - 10_12_2015 - vsiata2.jpg
Global demand for air travel rose 4.6 per cent in May, slowing from a strong start to the year, with attacks in major cities and the fragile global economy affecting travel demand, the International Air Transport Association (IATA) said on Thursday.

[NEW YORK] Global demand for air travel rose 4.6 per cent in May, slowing from a strong start to the year, with attacks in major cities and the fragile global economy affecting travel demand, the International Air Transport Association (IATA) said on Thursday.

Capacity measured in available seat kilometres rose 5.5 per cent, meaning that load factor - a measure of how full planes are - dropped 0.7 percentage points to 78.7 per cent, IATA said in its monthly traffic update.

"The shocks of Istanbul and the economic fallout of the Brexit vote make it difficult to see an early uptick", added IATA Director General Tony Tyler.

The airport association ACI Europe said earlier on Thursday that Britain's vote to leave the European Union was not expected to impact overall European air traffic levels this summer but could knock demand for air transport later this year.

REUTERS

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom