Demand for air travel continues in 2013
Geneva: The International Air Transport Association (IATA) released
global air travel demand statistics for January showing a continuation
of the increase in passenger travel that began at the end of 2012.
Overall, demand was up 2.7% compared to the previous January which is
slightly ahead of the 2.2% expansion in capacity. Load factors stood at
77.1%.
Strong demand for air travel driven by the Chinese New Year has
distorted the January figures.
The Chinese New Year fell in January 2012 and in February this year.
The comparisons to such a strong month made January 2013 demand look
weaker than the underlying trend would indicate. After adjusting for
such seasonal factors, IATA estimates that the actual growth would have
been 3.5%. This growth is still lower than the 5.3% 2012 average.
However, air travel growth slowed sharply through the year and the
results of the past few months represent an acceleration of demand
growth. "Passenger travel is growing in line with business confidence
levels. Recent months have seen some positive economic signs emerge in
both the US and China, and the Eurozone crisis seems to have
stabilised," said IATA's Director General and CEO, Tony Tyler.
"Of course risks remain; the impact of US budget cuts has yet to play
out and fuel prices are high. But even with those headwinds, real and
potential, we still see underlying support for continued and potentially
even strengthened growth," he said.
-BBC
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