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

9 April 2017 (Geneva) - The International Air Transport Association (IATA) announced global passenger traffic results for February showing a second month of strong demand growth to begin 2017. 

Total revenue passenger kilometers (RPKs) rose 4.8%, compared to the same month last year. Although this was below growth achieved in January, year-to-year comparisons are distorted because February 2016 was a leap month. Adjusting for the one fewer day this year, the underlying growth rate was estimated at 8.6%, just under January's increase of 8.9%. Monthly capacity (available seat kilometers or ASKs) increased by 2.7%, and load factor rose 1.6 percentage points to 79.5%, which was the highest ever recorded for February. 

“The strong demand momentum from January has continued, supported by lower fares and a healthier economic backdrop. Although we remain concerned over the impact of any travel restrictions or closing of borders, we have not seen the attempted US ban on travel from six countries translate into an identifiable traffic trend. Overall travel demand continues to grow at a robust rate,” said Alexandre de Juniac, IATA's Director General and CEO. 

IATA estimates that allowing for inflation, the price of air travel has fallen by more than 10% in real terms over the past year, accounting for more than half the growth in RPKs in early 2017. 

International Passenger Markets

February international passenger demand rose 5.8% compared to February 2016, which was down compared to the 9.1% yearly increase recorded in January. Adjusting for the leap year, however, growth actually accelerated slightly compared to January. Total capacity climbed 3.4%, and load factor rose 1.8 percentage points to 78.4%.

•    European carriers saw February demand increase by 6.5% compared to a year ago. Traffic has resumed its growth after the terrorist disruptions in 2016, supported in part by momentum in the regional economy. Capacity climbed 3.4% and load factor surged 2.4 percentage points to 81.1%. 

•    Asia-Pacific airlines' February traffic rose 5.2% compared to the year-ago period, maintaining the strong momentum of the past few months. Intra-Asia traffic remains robust and conditions on the Asia-Europe route have continued to recover from last year's terrorism-related slowdown. Capacity increased 2.9% and load factor climbed 1.7 percentage points to 79.8%.

•    Middle East carriers had the strongest growth, with a 9.5% demand increase in February compared to a year ago. Capacity rose 7% and load factor climbed for a fourth consecutive month to 74.3%, up 1.8 percentage points over last year.

•    North American airlines' traffic climbed 0.3%, which was the slowest among the regions. However, adjusting for the leap year, growth was estimated at 3.4%. Traffic to/ from Asia continues to move upward but transatlantic demand has trended sideways since mid-2016. Capacity inched up 0.1% and load factor edged up 0.1 percentage point to 75.9%. 

•    Latin American airlines saw February traffic rise 5.9% compared to February 2016. Capacity increased by 2.8%, boosting load factor 2.3 percentage points to 81.4%, highest among the regions. Robust international demand within South America is offsetting weaker traffic to North America, which has trended downward since mid-2015 and fell by 3.4% in January, the most recent month for which route-specific results are available.

•    African airlines continued their recovery, with February traffic up 7.1% compared to a year ago. This mainly reflects the upturn on the key route to/from Europe, offsetting struggles in the region's biggest economies of Nigeria and South Africa. Capacity rose 2.3%, and load factor jumped 2.9 percentage points to 66.0%. 

Domestic Passenger Markets

Domestic travel demand rose 3.3% in February compared to February 2016, reduced from 8.7% in January, but again, the leap year effect greatly exaggerated the slowdown. Results varied widely as Australia, Brazil and the US all registered non-adjusted declines. Domestic capacity climbed 1.6%, and load factor increased 1.3 percentage points to 81.4%.

•    Russia has joined India and China among the fastest growing markets. Traffic is now back on its trend line prior to the collapse of Transaero in late 2015, supported by steady recovery in the economy and ruble over the past year as oil prices have firmed.
•    US airlines' upward momentum in the domestic market has stalled over the past six months, notwithstanding strong readings from consumer confidence surveys.

The Bottom Line

The year has opened with some shocks—the attempted ban on travel to the US by citizens of six countries and the restrictions on the carry-on of large electronic items from certain airports in the Middle East and North Africa on direct flights to the US and the UK. The potential implications of the Brexit talks on the air transport industry are significant and the political rhetoric of protectionism and closing of borders is adding to the ambiguity.

“It's intolerable that governments continue to add to the uncertainties facing the air transport industry by failing to engage airline operational know-how on issues that can damage public confidence. The introduction of restrictions on the carry-on of large electronic devices was a missed opportunity and the result was a measure that cannot stand-up to the scrutiny of public confidence in the long term. Although Australia's measures were also implemented without consulting the industry, they at least demonstrate the potential to mitigate the threat with less disruptive means. We all want to keep flying secure. And we can do that most effectively by working together,” said de Juniac. 

In tandem, states need to support the International Civil Aviation Organization (ICAO) as it develops a Global Aviation Security Plan. Additionally, next month, ICAO member states will consider amendments to Annex 17 of the Chicago Convention that would require information sharing. “The security experience of recent years should compel states to support this,” said de Juniac. 

 

 



Posted by : GoDubai Editorial Team
Viewed 8339 times
Posted on : Sunday, April 9, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Sanad Academy, DCAA and MOD, Host First Ever Drones' Awareness Campaign
Next Story : MBRSC holds workshop at Future Cities Show 2017, entitled "New Engineering and Smart Technologi...
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
NARS Erdem SS19 Beauty Report
Diana Arno Expands Online Shopping to Middle East
Introducing Home Fragrance at Robinsons, Dubai Festival City
Introducing VK Beauty Lounge & Bar
Defying Age With Skin Republic's Gold and Platinum Face Masks
The Future Is Here
Roberto Cavalli's Exclusive Duo of Fragrances
Lacoste.12.12 Collection
Bring a Touch of Sophistication to Your Home with The Exclusive SmegXDolce&Gabba...
FOREO To Attend TFWA: the World's Largest Travel Retail Show
Trevor Sorbie Range Relaunches in the UAE
Carl F. Bucherer Celebrates Debut of Its Online Boutique on Jd.Com Launch of Lim...
GROHE Smart Home: The App-Controlled Water Security System
Pamper yourself at Perfumery & Co this month, at The Dubai Mall
Le Meridien Dubai Hotel & Conference Centre's Restaurant Promotions- October
O Boticário Opens in Dubai its First Amphora Store outside Brazil Come Join...
William Collection by Hugo Boss
Al-Futtaim ACE launches its stylish new Outdoor collection
Dubai Parks and Resorts Celebrates Saudi National Day
Honda voted “Preferred Sedan Car Brand of the Year” for the fourth year in a row
Honor Set to Go Beyond Limits With the Launch of Honor 8x
Al-Futtaim Toyota swoops another win at the Filipino Times Awards
The Mummies of Dubai Give Their Kids a Preppy Style Makeover
Tips & Toes Hits the Big 3-5!
Huawei Deepens Cooperation with Duisburg to Transform Germany's Industrial Hear...
Hyperloop Transportation Technologies, Partners, and Government Stakeholders Mov...
Dubai Design Week continues to grow, cementing Dubai as the design capital of t...
Ministry of Human Resources and Emiratisation, Huawei and Honor launch ICT Compe...
du Wins Smart Cities Award at the Telecoms World Middle East 2018
New GUESS Handbags for FW18
Mousses Etoiles to reveal the latest luxury designs of commercial-use outdoor fu...
Eberhard & Co. Scafograf 100 For Elegant Lady
Tata Communications launches a specialised cyber security lab at Shanmugha Arts,...
Consonni Wraps Up La Vuelta a Espana With a Seventh Place Finish for UAE Team Em...
Akamai Unveils Solutions at IBC 2018 Designed to Mitigate the Challenges and Cos...
Abu Dhabi wins bid to host 2022 ITU Grand Final in world first
Cadillac XT4 Delivers Dynamic Driving Experience
du Opens New Business Centre in DIFC for Enterprise Customers
Volunteers from the UAE join hands with the community in Tasset Peulh village in...
Sharjah's Recognition as ‘Accessible City for Physically Disabled' Hailed as His...
New Homologations for Pirelli Tyres
WWE® Crown Jewel Set for November 2 in Saudi Arabia
The Dubai Business Women Council meets with the UN Assistant Secretary-General t...
Dubai Festival City Mall Celebrates KSA National Day with Special Imagine Show
The Ferrari Monza SP1 and SP2 unveiled – the first models in a new concept of li...
Registration for the 5th edition of Camel Trek is now open
2018 FW in style at Zippy
New Headmaster for Repton School, Abu Dhabi School's Rose Campus (FS1 to Year 1...
Huawei becomes one of the first multi-national technology companies to register ...
Lenovo Reveals Intelligent Solutions & Partnerships at Transform 2.0