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Geneva - August was a positive month for passenger travel, according to Tony Tyler, CEO of the International Air Transport Association (Iata).
Iata announced global passenger traffic results for August on Tuesday, showing a strengthening of the healthy demand trend of the last few months.
Total revenue passenger kilometers (RPKs) rose 6.8% compared to August 2012.
Capacity increases over the year-ago period lagged demand at 5.6%. This pushed the load factor to match the record high of 83.4% set in July 2011.
“Strong demand and capacity discipline saw load factors match the previous record high of 83.4%," said Tyler.
"The solid performance was also supported by a stabilisation of emerging market weakness and renewed confidence in Europe and North America."
He added that trading conditions are still tough with high oil prices, stiff competition and regulatory hurdles.
"But demand growth remains a bright spot with most indications pointing towards an acceleration in the fourth quarter,” said Tyler.
African airlines’ traffic climbed 5.4% compared to August 2012, while capacity rose 6.5%.
This resulted in a 0.7 percentage point dip in load factor to 70.9%.
Africa was the only region to see a decline in the load factor.
The growth in demand for passenger travel highlights the important role that global connectivity plays in today’s world, according to Tyler.
“Aviation is the lifeblood of the global economy. It’s important for jobs and development that aviation’s growth is sustainable. That’s equally critical for its financial and environmental performance,” said Tyler.
“Last week we announced a revised industry outlook. Profits are weak, but moving in the right direction."
He said this week offers a golden opportunity to secure a major step forward on environmental sustainability at the 38th Assembly of the International Civil Aviation Organization (Icao).
"It is critical that the assembly agrees on a way forward on a single market-based measure (MBM) to support the shared commitment of industry and governments to carbon-neutral growth from 2020," he said.
"Interim regional schemes will only serve to distract policymakers and the industry at a time when we should be focused on the big picture."
He said finding a way forward on a global mechanism will be a historic achievement that keeps aviation at the forefront of industries managing their climate change impact.
At its 2013 annual general meeting Iata members overwhelmingly supported a resolution calling for the implementation of a global mandatory carbon offsetting scheme from 2020.
- Fin24
Iata announced global passenger traffic results for August on Tuesday, showing a strengthening of the healthy demand trend of the last few months.
Total revenue passenger kilometers (RPKs) rose 6.8% compared to August 2012.
Capacity increases over the year-ago period lagged demand at 5.6%. This pushed the load factor to match the record high of 83.4% set in July 2011.
“Strong demand and capacity discipline saw load factors match the previous record high of 83.4%," said Tyler.
"The solid performance was also supported by a stabilisation of emerging market weakness and renewed confidence in Europe and North America."
He added that trading conditions are still tough with high oil prices, stiff competition and regulatory hurdles.
"But demand growth remains a bright spot with most indications pointing towards an acceleration in the fourth quarter,” said Tyler.
African airlines’ traffic climbed 5.4% compared to August 2012, while capacity rose 6.5%.
This resulted in a 0.7 percentage point dip in load factor to 70.9%.
Africa was the only region to see a decline in the load factor.
The growth in demand for passenger travel highlights the important role that global connectivity plays in today’s world, according to Tyler.
“Aviation is the lifeblood of the global economy. It’s important for jobs and development that aviation’s growth is sustainable. That’s equally critical for its financial and environmental performance,” said Tyler.
“Last week we announced a revised industry outlook. Profits are weak, but moving in the right direction."
He said this week offers a golden opportunity to secure a major step forward on environmental sustainability at the 38th Assembly of the International Civil Aviation Organization (Icao).
"It is critical that the assembly agrees on a way forward on a single market-based measure (MBM) to support the shared commitment of industry and governments to carbon-neutral growth from 2020," he said.
"Interim regional schemes will only serve to distract policymakers and the industry at a time when we should be focused on the big picture."
He said finding a way forward on a global mechanism will be a historic achievement that keeps aviation at the forefront of industries managing their climate change impact.
At its 2013 annual general meeting Iata members overwhelmingly supported a resolution calling for the implementation of a global mandatory carbon offsetting scheme from 2020.
- Fin24
