GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Travel, Tourism and Hotels

 
  Share

Dubai, UAE, February 01, 2018:   The International Air Transport Association (IATA) announced global passenger traffic results for 2017 showing that demand (revenue passenger kilometers or RPKs) for the year ended 31 December rose 7.6% compared to 2016. This was well above the 10-year average annual growth rate of 5.5%. While the rate of demand growth slowed to 6.2% in December 2017, compared to December 2016, this largely was owing to less favorable comparisons to the even stronger growth trend seen in the year-ago period. Full year 2017 capacity rose 6.3%, and load factor climbed 0.9 percentage point to a record calendar-year high of 81.4%.

“2017 got off to a very strong start and largely stayed that way throughout the year, sustained by a broad-based pick-up in economic conditions. While the underlying economic outlook remains supportive in 2018, rising cost inputs, most notably fuel, suggest we are unlikely to see the same degree of demand stimulation from lower fares that occurred in the first part of 2017,” said Alexandre de Juniac, IATA's Director General and CEO.
  
International Passenger Markets
 
2017 international passenger traffic soared 7.9% compared to 2016. Capacity rose 6.4% and load factor climbed 1.1 percentage points to 80.6%. All regions recorded year-over-year increases in demand, led by the Asia-Pacific and Latin America regions. 
  • Asia-Pacific carriers posted annual demand growth of 9.4%, compared to 2016, driven by robust regional economic expansion and an increase in route options for travelers. This was the first time since 1994 that Asia-Pacific led all the regions in annual growth rate. Capacity rose 7.9%, and load factor climbed 1.1 percentage points to 79.6%. 
  • European carriers' international traffic climbed 8.2% in 2017 compared to the previous year, underpinned by buoyant economic conditions in the region. Capacity rose 6.1% and load factor surged 1.6 percentage points to 84.4%, which was the highest for any region.
  • Middle East carriers' traffic increased 6.6% last year. The region was the only one to see a slowdown in annual growth compared to 2016, and the region's share of global traffic (9.5%) fell for the first time in 20 years. The market segment to/from North America was hit the hardest owing to factors including the temporary ban on large portable electronic devices in the aircraft cabin as well as the proposed US travel bans affecting some countries in the region. Capacity climbed 6.4% and load factor rose 0.1 percentage point to 74.7%. 
  • North American airlines had their fastest demand growth since 2011, with full year traffic rising 4.8% compared to 2016. Capacity climbed 4.5%, and load factor edged up 0.3 percentage point to 81.7%. The comparatively robust economic backdrop supported outbound passenger demand. This was somewhat offset by a slowdown in inbound travel partly attributable to the new immigration and security restrictions put in place for travel to the US, as well as the extreme weather events that hit the US later in the year.
  • Latin American airlines' traffic climbed 9.3% in 2017, the fastest rate since 2011. However, the upward trend weakened towards the end of the year, partly owing to disruption caused by the severe 2017 hurricane season that also hurt travel to the US. Capacity rose 8.0% and load factor increased 1.0 percentage point to 82.1%, second highest among the regions.
  • African airlines saw 2017 traffic rise 7.5% compared to 2016. Capacity rose at less than half the rate of demand (3.6%), and load factor jumped 2.5 percentage points to 70.3%. While indicators in South Africa are consistent with falling economic output, Nigeria has returned to growth, helped by the recent rise in oil prices. 
Domestic Passenger Markets
 
Domestic air travel climbed 7.0% last year. All markets showed annual growth led by India, China, and Russia, albeit with wide variation. Capacity increased 6.2% and load factor was 83.0%, up 0.7% percentage point compared to 2016.
  • Japan posted its fastest full year of growth (up 5.8%) since 2013, driven in part by the country's stronger economic backdrop. 
  • Brazil's domestic traffic returned to growth last year with a 3.5% demand increase, after recording an annual decline of 5.5% in 2016.
The Bottom Line: 
 
“Last year, more than 4 billion passengers used aviation to reunite with friends and loved ones, to explore new worlds, to do business, and to take advantage of opportunities to improve themselves. The connectivity provided by aviation enables goods to get to markets, and aid to be delivered to those in need. Aviation truly is the business of freedom, liberating us from the restraints of geography to lead better lives. Aviation can do even more in 2018, supported by governments that recognize and support our activities with smarter regulation, fairer taxation, cost efficient infrastructure and borders that are open to people and trade,” said de Juniac.



Posted by : GoDubai Editorial Team
Viewed 14408 times
Posted on : Thursday, February 1, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Emirates Group Celebrates Outstanding Employees at Annual Najm Chairman's Awards
Next Story : First A321LR successfully completes maiden flight
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Introducing Burberry Bespoke Fragrances
Making many tones from one
Celebrate the Month of Love with a Brighter Smile at The Smile Bar
Longchamp Spring/summer 2019 Show
A Chaumet Valentine's Day Sentimental jewellery
Malabar Gold & Diamonds opens a new showroom in Millennium Dubai Airport Hotel t...
Persil Appoints Nancy Ajram as the new Regional Brand Ambassador
Tissot PRS 516 Alpine Limited Edition A sporting tribute
Global Village presents Scheherazade, a timeless tale of intrigue and adventure
The Preston watch collection by Coach
Turkish Airlines reached the 80.2% Load Factor in December 2018.
Tag Heuer Demonstrates Watchmaking Mastery With Its New Carrera Calibre Heuer 02...
Always take the front row with this 7.2” supersized smartphone screen
Celebrate Valentine's Day With a Quintessential Timepiece From D1 Milano
Eberhard & Co. Gilda makes an extraordinary Valentine's Day gift
Beef Sushi- Love at first bite
Walid Atallah's “Dream Dress”: The new revolution in the World of Fashion 2019
Bollywood Actor Anil Kapoor to inaugurate 2 new outlets of Malabar Gold & Diamon...
Scuderia Ferrari presents PILOTA Family Collection
Third Edition of Al Shira'aa International Horse Show Concludes with Thrilling Finale
HUGO BOSS watches Legacy Casual Family collection
Luxury jewelry house Dhamani 1969 launches exclusive CHRYSALIS collection
Nissan Energy demonstration hits the spot
MALABAR GOLD - DSF Winner Photo for Release - Anandan Ganesh
Nicole Kidman at the Golden Globe Awards
Joyalukkas Shopper wins BMW Car in DSF Mega Promotion
Flying Grand Regulator now available in new colour combinations
Time for Unsung Heroes to Be Recognised With Citizen Campaign
Jewellery shoppers to keep winning big this Dubai Shopping Festival
Al Mouj Muscat pays tribute to Oman with Layers of Oman Exhibition
Spring/Summer ‘19 Collection IL Gufo Underwater
Bollywood Actor Anil Kapoor inaugurated 2 new outlets of Malabar Gold & Diamonds...
The Kingdom of Saudi Arabia's Minister of Energy, Industry, and Mineral Resource...
OMEGA reintroduces the iconic Calibre 321
Sawalef Perfumes unveils product range of delicate scents in 2019
Dubai-based sports star Sarra Lajnef gets Women Leadership Award
Dawoodi Bohra Trade Expo begins at Expo Centre Sharjah
Audi turns the car into a virtual reality experience platform at CES
Citi UAE opens Citigold lounge in Abu Dhabi.
Opening Ceremony of Azerbaijan House in the United Arab Emirates
Alawwal bank becomes first Middle East firm to offer AI training for all staff
The Region's Most Anticipated Shopping Festival Is Back at Burjuman
2020 Cadillac XT6 Makes Global Debut
Central Bank of the UAE Holds its 1st Board of Directors Meeting for 2019
Airbus boosts Intersec 2019 with Progressive Comms Technology
The UAE-Kosovo Economic Forum launches a new phase of economic partnerships
Global Energy Forum: His Excellency Khalid Al-Falih's address on day three
IPAF hosts 10th UAE Nadwa
Sultan Awards Oil & Gas Exploration Concession to Italy's Eni
UAE residents go on a two-week Camel Trek across the UAE desert