Passenger demand up with record load factors for May: IATA

World’s airlines see robust growth in traffic in July, up 8.2%

GENEVA — The world’s airlines saw robust growth in global passenger traffic for July compared to July 2014 for both domestic and international traffic, according to the International Air Transport Association (IATA).

Total revenue passenger kilometres (RPKs) rose 8.2%, which was an improvement on the June year-over-year increase of 5.5%. July capacity (available seat kilometres or ASKs) increased by 6.5%, and load factor rose 1.4 percentage points to 83.6%. Results were given a boost by the timing of Ramadan which fell partly in July this year but took place mostly in July in 2014. The holy month tends to subdue demand for air travel.

“July results were strongly positive but slowing global trade and the wild gyrations of stock exchanges around the globe suggest that we may be in for some turbulence in coming months,” said Tony Tyler, IATA’s Director General and CEO.

July international passenger demand rose 8.6% compared to the same month in 2014, with airlines in all regions recording growth, including Africa for the first time this year. Total capacity climbed 6.5%, pushing load factor up 1.6 percentage points to 83.5%.

North American airlines’ traffic rose 5.3% compared to July a year ago, which was more than double the 2.6% rise achieved in June year over year. Capacity climbed 3.5% and load factor rose 1.4 percentage points to 86.5%.