Home Press Releases Air travel markets record month of solid growth

Air travel markets record month of solid growth


Air travel markets recorded another month of solid growth in March, with passenger demand increasing 7.6% compared to a year ago.

• Air freight markets are now showing signs of improvement, with a rise of more than 4% since the fourth quarter – though the size of the market is almost unchanged compared to the same month last year;
• Air travel year-on-year growth rates are being distorted upwards by events that occurred a year ago which significantly reduced air transport demand – the Arab Spring and the earthquake in Japan;
• We estimate that air travel worldwide was about 2% points higher this March than it would have been in the absence of these events;
• In other words, air travel would have otherwise grown about 5.5% in March compared to a year ago – a solid result indicating steady improvement in travel, supported by the recent rise in business confidence and therefore business travel;
• The underlying trend in air cargo was positive in March, consistent with the improvements in business and consumer confidence seen over the last several months;
• However, the extent of the improvement is uncertain so far since some of this growth could be a result of the volatility inherent in the monthly growth rates, which on average can be +/- 2%;
• Passenger load factors are being maintained at solid levels, and in March approached pre-recession highs in international passenger markets;
• On the cargo side, the trend has been improving with load factors showing improvement over the last 6 months


Please enter your comment!
Please enter your name here