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Terrorism, uncertainty hit travel demand

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Latest worldwide air travel stats reveal a mixed bag
Global air passenger demand is losing momentum due to terrorism and economic uncertainty, the latest stats released by the International Air Transport Association reveal.
Passenger traffic data for June show that demand measured in revenue passenger kilometres, or RPKs, rose by 5.2% compared to the same month a year ago. This was up slightly from the revised 4.8% increase recorded in May.
However, the upward trend in seasonally-adjusted traffic has moderated since January. June capacity, measured in available seat kilometres, or ASKs, increased by 5.6%, and load factor slipped 0.3 percentage points to 80.7%.
“The demand for travel continues to increase, but at a slower pace,” explained Tony Tyler, IATA’s director general and chief executive. “The fragile and uncertain economic backdrop, political shocks and a wave of terrorist attacks are all contributing to a softer demand environment.”
All regions recorded growth, led by airlines in Latin America (demand up 8.8%), Asia-Pacific (up 8.2%) and the Middle East (up 7.5%). African airlines’ traffic climbed 4.7% in June, while North American airlines’ demand rose 4%.
European carriers saw demand rise 2.1%, the smallest increase among regions, reflecting the negative impact of recent terrorism. While demand tends to recover reasonably quickly after such events, the repeated nature of the attacks may have a more lasting impact. Capacity climbed 3.4% and load factor slipped 1.1% percentage points to 83.3%.
TTG Nordic

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