Aviation Featured Transport

African airlines passenger traffic rise by 4.1 per cent in August — IATA

The International Air Transport Association (IATA) on Thursday said African airlines recorded a 4.1 per cent increase in passenger traffic in August compared to the same period in 2018.

IATA’s Director-General, Mr Alexandre de Juniac, said the traffic climbed from 3.2 per cent recorded by the airlines in July.

“This solid performance comes after South Africa – the region’s second largest economy – returned to positive economic growth in Q2 2019.

“Capacity rose 6.1 per cent, however, and load factor dipped by 1.4 percentage points to 75.6 per cent,” he said in a statement.

According to him, global passenger traffic data for August 2019 showed that demand climbed 3.8 per cent compared to the year-ago period.

He said this was above the 3.5 per cent annual increase for July, adding that August capacity also increased by 3.5 per cent.

de Juniac said load factor climbed 0.3 per cent percentage point to 85.7 per cent, which was a new monthly record, as airlines continue to maximise asset use.

He said: “While we saw a pick-up in passenger demand in August compared to July, growth remains below the long-term trend and well-down on the roughly 8.5 per cent annual growth seen over the 2016 to Q1 2018 period.

“This reflects the impact of economic slowdowns in some key markets, uncertainty over Brexit and the trade war between the U.S. and China.

“Nonetheless, airlines are doing a great job of matching capacity to demand. With passenger load factors reaching a new high of 85.7 per cent, this is good for overall efficiency and passengers’ individual carbon footprint.”

 

Related posts

Super Falcons have proved power of women, says Amstel Malt boss

By Meletus EZE

Atiku pledges to revamp Nigerian economy, fight corruption – PDP

Editor

Oyo loses prominent kingmaker

Our Reporter

Marketers call for price liberalisation of petrol against price modulation

Abisola  THOMPSON 

FIRS cautions MDAs on outsourcing tax responsibilities to consultants

Our Reporter

Alleged hate speech: PDP demands release of Kaduna campaign director

Editor