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 10992 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
Sacoor Brothers launches FIRST ever Fragrance “GENTLEMAN”
Trend Alert! Summer Can Never Be a Forgotten Memory With kate spade
Caudalie The Des Vignes
Get Your Summer Glow From Within
Palmer's Coconut Oil Formula for Body and Hair
Corum Presents La Grande Vie
Caudalie and Al Jalila Foundation Join Hands for the Launch of ‘Glamour for Good'
Express Your Signature Style
The Memovox Adventure
Tissot Lepine It's making a comeback Vintage
LG launches new AI-powered premium LG G7 ThinQ+ flagship for GCC consumers
The Rado HyperChrome Skeleton Automatic Chronograph Limited Edition
Manero Peripheral (43 Mm) Classic Watchmaking Meets State -of-the - Art Technology
New short indie movie ‘The Peril' is a wake-up call to parents about internet sa...
Dubai Parks and Resorts and GEMS Education launch the second annual Summer Camp
The Lacoste Family Capbreton Collection
OMEGA's second "Speedy Tuesday" sells in 01:53.17
Ferrari takes the “Red Dot: Best of the Best” design award for the fourth year r...
Sandooq Al Watan and DarkMatter Launch Second Phase of "Emirati Coder"
Olivia Burton Watercolour Florals
Ulysse Nardin Salutes Us Navy With Limited Edition Executive Skeleton Tourbillon
Beat the heat with mini dresses
Director of Dubai Customs discusses fostering business with South Korean Consul ...
Tridom, Ras Al Khaimah's first indoor adventure park, opens its doors in Manar Mall
Cerruti 1881 Infinite Love
UAE's Emirates Transport Chooses Oracle Cloud to Drive Rapid Expansion and Deliv...
World-first as the F1® Innovation Prize prepares to transform fan's winning tech...
Open Dairies by Parmigiano Reggiano Consortium: A gastronomical event for touris...
Enjoy an all-day breakfast at Sophie's Café
Airbus unveils winners of its ‘Entaliq in KSA' initiative
DHL Express drives energy efficient solutions with new electric vehicles in Dubai
Outstanding Guide programme launched by Sharjah Museums Authority
Shopping assistance for Arabic-speaking passengers in the summer months
Abu Dhabi Airports Celebrates Success at CIPS Middle East Supply Management Awards
Dubai Creek Harbour Project Celebrates 5 Million Man Hours with Zero Lost Time A...
Launch of PINAR Water - Turkey
2XL launches luxurious Louna sofa set in velvet
Dubai Business Women Council witnesses 28.3% growth in total membership during f...
New hope for patients as world's first and only approved therapy to treat two ty...
Emirates makes history with one-off A380 touchdown in Islamabad
Sighting Immediate Hiring of UAE Nationals, Union Coop Organizes Exclusive Recru...
‘Green' retailers to continue to gain traction with consumers
Dubai Cares honors philanthropist Sunny Varkey for fulfilling his AED 100 millio...
Cromia Offers Amazing Discounts during DSS
DALBY and its 50 years of experience in hydraulic hooklifts will be present at t...
HP Collaborates with Abu Dhabi's Danat Al Emarat Hospital to Re-invent Patients'...
Etihad Airways Launches Dedicated in-flight Guest Medical Services
Finnair launches off-airport baggage collection and check-in service in London w...
Martin on a Mission as He Claims Sixth Spot for UAE Team Emirates in Stage Five ...
Confidence in Follower Counts