The International Air Transport Association has announced global passenger traffic results for October showing that demand rose 5.8 per cent, compared to the same month last year.
IATA made the announcement in a statement signed by its Director General, Alexandre de Juniac, which was obtained by the News Agency of Nigeria in Lagos on Wednesday.
The statement said capacity grew by 6.3 per cent and load factor slid 0.4 percentage points to 80.1 per cent.
It said October’s performance was a slow-down on the 7.1 per cent year-on-year growth rate recorded in September, but still was broadly in line with 10-year averages.
According to the statement, domestic and international travel growth largely was in balance.
The statement said: “Passenger demand growth in October was consistent with long-term trends but represented a deterioration compared to September.
“While the negative traffic impact from terror attacks and political instability in parts of the world has receded, the long downward trend in yield—which helped to stimulate travel–has levelled off.
“Furthermore, the recent Organisation of Petroleum Exporting Countries agreement to restrict oil production suggests fuel prices have ended their slide.”
It said African airlines’ traffic growth slowed to 5.8 per cent year-on-year in October, from 9.1 per cent in September.
It stated: “Economic conditions in parts of the continent remain challenging. Capacity rose 4.3 per cent, and load factor strengthened to 68.8 per cent, up one percentage point.”
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