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Another strong year for air travel

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IATA sums up 2016 for Europe and worldwide
Passenger traffic results for 2016 show that demand (RPKs) rose by 6.3% compared to 2015, or 6% if adjusted for the leap year, says the International Air Transport Association. In Europe, traffic climbed 4.8%.
The strong global performance is ahead of the ten-year average annual growth rate of 5.5%, IATA said. Capacity rose 6.2%, pushing the load factor up 0.1 percentage points to a record full-year average high of 80.5%.
A particularly strong performance was reported for December with an 8.8% rise in demand outstripping 6.6% capacity growth.
“Air travel was a good news story in 2016,” said Alexandre de Juniac, IATA’s director general and CEO. “Connectivity increased with the establishment of more than 700 new routes. And a $44 fall in average return fares helped to make air travel even more accessible.”
As a result, he added, a record 3.7 billion passengers flew to their destinations.
“Demand for air travel is still expanding. The challenge for governments is to work with the industry to meet that demand with infrastructure that can accommodate the growth, regulation that facilitates growth and taxes that don’t choke growth.”
International passenger traffic increased 6.7% in 2016. Capacity rose 6.9% and load factor fell 0.2 percentage points to 79.6%. All regions recorded year-over-year increases in demand. Domestic air travel rose 5.7% in 2016, capacity 5.1%, making the load factor 82.2%.
European carriers’ international traffic climbed 4.8% in 2016. Capacity rose 5% and despite a decline of 0.1 percentage points to 82.8%, the load factor remains the highest among the regions of the world.
European carriers particularly benefitted from an improvement in the second half of the year – passenger volumes have been increasing at an average of 15% year-over-year since June, easily compensating for a slight decline over the first six months of 2016.
TTG Nordic

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