Passenger demand moderated in February, says IATA

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KUALA LUMPUR (April 5): Global passenger traffic results for February 2019 showing total revenue passenger kilometers (RPKs) rose 5.3%, compared to February 2018, according to the  International Air Transport Association (IATA).

In a statement yesterday, IATA said this was the slowest rate of growth in more than a year but still in line with long-term demand trends.

It  said monthly capacity (available seat kilometers or ASKs) increased by 5.4%, and load factor slipped 0.1 percentage point to 80.6%, which is still high by historic standards.

IATA’s Director General and CEO Alexandre de Juniac said after January’s strong performance, it settled down a bit in February, in line with concerns about the broader economic outlook.

“Continuing trade tensions between the US and China, and unresolved uncertainty over Brexit are also weighing on the outlook for travel,” he said.