TravelMole
Air

Air travel growth slows

Thursday, 8 December 20163 min read

European airlines are seeing international traffic return to normal following recent terror attacks, said IATA.

Travel in the region during October was up 5.7% year-on-year, although as airlines increased capacity by 6.2%, the average load factor slipped 0.4 percentage points to 83.2%.

IATA said global passenger traffic results for October showed demand rose 5.8% over the same month last year, which was a slow-down on the 7.1% year-on-year growth recorded in September.

However, the increase was still broadly in line with 10-year averages.

"Passenger demand growth in October was consistent with long-term trends but represented a deterioration compared to September," said IATA director-general Alexandre de Juniac.

However, he said the downward trend in yields, which had helped to stimulate growth, had levelled off.

The recent OPEC agreement to restrict oil production suggests fuel prices have ended their downward slide, he added.