Tuesday, 8 March 2016

IATA Publishes January 2016 Global Passenger Traffic Results




The International Air Transport Association (IATA) has announced global passenger traffic results for January 2016 showing 7.1% rise compared to January 2015 thus becoming the highest load factor ever recorded for the first month of the year.
This was ahead of the 2015 full year growth rate of 6.5%. January capacity rose 5.6%, with the result that load factor rose 1.1 percentage points to 78.8%, "January maintained the strong traffic growth trend seen in 2015, showing the resilience of demand for connectivity despite recent turmoil in equity markets.
Tony Tyler, IATA’s Director General and Chief Executive Officer said"The record load factor is a result of strong demand for our product and airlines making the most productive use of their assets. Underlying conditions point to another strong year for passenger traffic, with the latest decline in oil prices likely providing additional stimulus for air travel growth," said
January 2016
(% year-on-year)
World share¹
RTK
ASK
PLF
(%-pt)²         
PLF
(level)³  
Total Market
100.0%
7.1%
5.6%
1.1%
78.8%
Africa
2.2%
11.0%
7.1%
2.5%
71.3%
Asia Pacific
31.5%
10.4%
7.9%
1.8%
78.5%
Europe
26.7%
4.0%
2.1%
1.4%
77.9%
Latin America
5.4%
5.1%
4.6%
0.4%
82.8%
Middle East
9.4%
10.5%
12.8%
-1.6%
77.9%
North America
24.7%
4.3%
2.9%
1.1%
80.7%
             ¹% of industry RPKs in 2015   ²Year-on-year change in load factor   ³Load factor level
International Passenger Markets
January international passenger traffic rose 7.3% compared to the year-ago period. Capacity rose 5.9% and load factor rose 1.0 percentage point to 78.8%. All regions recorded year-over-year increases in demand.
  • Asia Pacific carriers recorded an increase of 10.3% compared to January 2015. Capacity rose 7.6%, pushing up load factor 2.0 percentage points to 79.2%. A 7.3% increase in the number of direct airport connections within the Asia region over the past 12 months or so has helped to stimulate demand.
  • European carriers’ international traffic climbed 4.2% in January compared to the year-ago period. Capacity rose 2.6% and load factor rose 1.2 percentage points to 78.8%. Airline strikes and the shutdown of Russia’s Transaero caused the region’s traffic to fall in the last quarter of 2015. Volumes have picked up somewhat in recent months.
  • North American airlines saw demand rise 2.4% in January over a year ago. Capacity rose 1.3%, pushing up load factor 0.8 percentage points to 80.3%. North American international traffic growth was weakest among the regions, as carriers have focused on the stronger and larger domestic market.
  • Middle East carriers had the strongest year-over-year demand growth in January at 10.9%, helped by ongoing network and fleet expansion. Capacity rose 12.9% and load factor dipped 1.4 percentage points to 77.8%.
  • Latin American airlines’ traffic climbed 8.9% in January. Capacity rose 7.8% and load factor increased 0.8 percentage points to 82.5%, highest among the regions. Domestic traffic remains under pressure from economic difficulties in the region’s biggest economies, notably Brazil, but the strong growth in international demand shows little sign of slowing.
  •  African airlines saw January traffic jump 12.1% compared to January 2015. This continues the strong upward trend in travel since mid-2015 that coincides with a jump in exports from the region over the same period. With capacity up 8.2%, load factor rose 2.5 percentage point to 71.3%. 
  • The International Air Transport Association (IATA) has announced global passenger traffic results for January 2016 showing 7.1% rise compared to January 2015 thus becoming the highest load factor ever recorded for the first month of the year.
    This was ahead of the 2015 full year growth rate of 6.5%. January capacity rose 5.6%, with the result that load factor rose 1.1 percentage points to 78.8%, "January maintained the strong traffic growth trend seen in 2015, showing the resilience of demand for connectivity despite recent turmoil in equity markets.
     The record load factor is a result of strong demand for our product and airlines making the most productive use of their assets. Underlying conditions point to another strong year for passenger traffic, with the latest decline in oil prices likely providing additional stimulus for air travel growth," said Tony Tyler, IATA’s Director General and CEO.
    January 2016
    (% year-on-year)
    World share¹
    RTK
    ASK
    PLF
    (%-pt)²         
    PLF
    (level)³  
    Total Market
    100.0%
    7.1%
    5.6%
    1.1%
    78.8%
    Africa
    2.2%
    11.0%
    7.1%
    2.5%
    71.3%
    Asia Pacific
    31.5%
    10.4%
    7.9%
    1.8%
    78.5%
    Europe
    26.7%
    4.0%
    2.1%
    1.4%
    77.9%
    Latin America
    5.4%
    5.1%
    4.6%
    0.4%
    82.8%
    Middle East
    9.4%
    10.5%
    12.8%
    -1.6%
    77.9%
    North America
    24.7%
    4.3%
    2.9%
    1.1%
    80.7%
                 ¹% of industry RPKs in 2015   ²Year-on-year change in load factor   ³Load factor level
    International Passenger Markets
    January international passenger traffic rose 7.3% compared to the year-ago period. Capacity rose 5.9% and load factor rose 1.0 percentage point to 78.8%. All regions recorded year-over-year increases in demand.
    • Asia Pacific carriers recorded an increase of 10.3% compared to January 2015. Capacity rose 7.6%, pushing up load factor 2.0 percentage points to 79.2%. A 7.3% increase in the number of direct airport connections within the Asia region over the past 12 months or so has helped to stimulate demand.
    • European carriers’ international traffic climbed 4.2% in January compared to the year-ago period. Capacity rose 2.6% and load factor rose 1.2 percentage points to 78.8%. Airline strikes and the shutdown of Russia’s Transaero caused the region’s traffic to fall in the last quarter of 2015. Volumes have picked up somewhat in recent months.
    • North American airlines saw demand rise 2.4% in January over a year ago. Capacity rose 1.3%, pushing up load factor 0.8 percentage points to 80.3%. North American international traffic growth was weakest among the regions, as carriers have focused on the stronger and larger domestic market.
    • Middle East carriers had the strongest year-over-year demand growth in January at 10.9%, helped by ongoing network and fleet expansion. Capacity rose 12.9% and load factor dipped 1.4 percentage points to 77.8%.
    • Latin American airlines’ traffic climbed 8.9% in January. Capacity rose 7.8% and load factor increased 0.8 percentage points to 82.5%, highest among the regions. Domestic traffic remains under pressure from economic difficulties in the region’s biggest economies, notably Brazil, but the strong growth in international demand shows little sign of slowing.
    •  African airlines saw January traffic jump 12.1% compared to January 2015. This continues the strong upward trend in travel since mid-2015 that coincides with a jump in exports from the region over the same period. With capacity up 8.2%, load factor rose 2.5 percentage point to 71.3%.