January passenger demand signals solid start to 2015, says IATA

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KUALA LUMPUR (March 5): Global passenger traffic results for January 2015 showing traffic growth (revenue passenger kilometers or RPKs) of 4.6% compared to January 2014, according to data released by the International Air Transport Association (IATA).

In a statement March 4, the IATA said this represented a slower start to the year compared to 2014 full-year growth of 5.9%.

However, it said the results were likely affected by the timing of the Lunar New Year in Asia, which occurred one month later this year compared to 2014.

The IATA said January capacity rose 5.2% and load factor slipped 0.5 percentage points to 77.7%. While domestic markets drove growth in the latter part of 2014, international traffic was stronger in January.

IATA director general and CEO Tony Tyler said January traffic did not maintain the rate of growth attained in 2014.

“Nevertheless, we are seeing healthy albeit slightly slower growth in the demand for air services.

“While January was a relatively positive start for the year, we cannot look ahead without seeing some significant risk factors in the macro-economic and political environment,” he said.