AVIATION BOOM 

Tourism January 12, 2018 01:00

By The Nation

16,642 Viewed

The International Air Transport Association (IATA) has announced global passenger traffic results for November 2017, showing continued robust demand.



Total revenue passenger kilometres (RPKs) rose 8.0 per cent compared to November 2016, the fastest growth rate in five months and up from a 7.3 per cent year-over-year rise in October. 

Capacity (available seat kilometres or ASKs) increased by 6.3 per cent, and load factor rose 1.2 percentage points to 80.2 per cent.

“The airline industry is in a good place entering 2018. November's strong demand gives the industry momentum. The number of unique city-pair connections now tops 20,000. Passengers not only have more travel choices than ever, the cost of travel in real terms has never been cheaper. Along with delivering great value to consumers, airlines are rewarding their shareholders with normal levels of profitability. We expect 2018 to be the fourth year in a row where the industry's return on invested capital will exceed the cost of capital. In sum, we begin the New Year with confidence," said Alexandre de Juniac, IATA's Director General and CEO.