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 >>

 
  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 7631 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
MAC - Hyper Real Glow
Celebrate Life and Love with Mouawad Jewelry
Mother's Day Gift Guide 2018 For All The Super Mums In Your Life
M∙A∙C Mineralize Total Detox
Introducing Vitabrid C12, a brand-new, proprietary form of active Vitamin C bein...
Skin Republic Launches Monthly Treatment Packs
A Gift for Everyone on SOUQ.com's Valentine's Day Gift Shop
Jazeera Airways announces FY2017 financial results
Skyline University College Organized One-Day Refresher Course in Management for ...
5 things to know about collagen
Fresh Hair in an Instant with SHOW Beauty
Regulator Classic celebrates the special moment
LACOSTE Presents 12.12 Chronograph 85th Anniversary Edition
Decorate the home with United Furniture for the month of love
PUMA and Sahntell Martin Unveil Debut Collection
Women's Week Promises World Class Tennis – Tickets Only 55dhs
Amadeo® Fleurier 39 “Fan”
Show/Pop-up Event “Pret-A-Cover™ Buyers Lane” to Be Launched in Dubai From March...
Italian Food Lab at Gulfood Celebrates Italy's Culinary Heritage and Highlights ...
True Colours
Mother's Day Gift Guide 2018 from The Little Birdy Group
Robinsons Honored for Outstanding Store Design
Moreish Café in Dubai introduces a healthy Quinoa Burrito
World-renowned Air Sculpture Artist Daniel Wurtzel collaborates with LG PuriCare...
MB&F M.A.D. Gallery presents aeronautical artwork "Nose Art” by French phot...
Dubai Culture Announces an Exciting Line-up of Artists for SIKKA Art Fair 2018
UAE Team Emirates' Mirza Takes Gold at Asian Cycling Championships
Phenomenal development in falconry racing from small beginnings: HHC Deputy CEO
WGS 2018: Opening Session Highlights Importance of Embracing Smart Living to Enh...
Arab Duo Showcase Team's Potential in Final Stage of Dubai Tour
Ounass Pop-Up Shop
Splash receives 2 awards
German National Tourist Office Dubai appoints Sigrid de Mazieres as new Director...
UAE Team Emirates Scoop Another Top 10 Finish as Students Fly Flag for UAE Cycling
Infertility on the rise among UAE in the age group of 20-30'
UAE Exchange Partners with Ripple for Instant Cross-Border Payments
RAK Hospital launches the biggest weight-loss challenge in association with MoHA...
Omega Opens Its Olympic Exhibition in Seoul
Ministry of Climate Change and Environment Issues New Decree on Registration and...
Food Lovers Rejoice: Dubai Food Festival Is Back This Month
Bridal Glow is Skin Deep: Tips for every bride-to-be in 2018
Special Chinese New Year Show on Festival Bay
CAPA – Centre for Aviation renews REED partnership to deliver leadership summits...
The Emirates Group Signs MoU with the Government of Andhra Pradesh
2XL launches Malmo Bed with floral designs for a vintage shabby chic inspired ma...
Students Fly the Flag for UAE Cycling at Dubai Tour
Mealtop, Introducing a Whole New Dessert Experience
Al Ahli Holding Group to redefine the UAE value shopping category through an AED...
Airbus' open aviation data platform Skywise continues to gain market traction
British Orchard Kids Kingdom Nursery wins Sharjah Economic Excellence Network Award