2017 Marked By Strong Passenger Demand, Load Factor - IATA
February 01, 2018 20:22 PM
KUALA LUMPUR, Feb 1 (Bernama) -- International passenger traffic soared 7.9 per cent in 2017 compared to 2016.
In a statement, the International Air Transport Association (IATA) said capacity rose 6.4 per cent and load factor climbed 1.1 percentage points to 80.6 per cent.
All regions recorded year-over-year increases in demand, led by the Asia-Pacific and Latin America regions.
Alexandre de Juniac, Director-General and Chief Executive Officer of IATA, said 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.
"Aviation can do even more in 2018, supported by governments that recognise and support our activities with smarter regulation, fairer taxation, cost efficient infrastructure, and borders that are open to people and trade," de Juniac said.