Wednesday, April 29, 2026
27.3 C
Lagos

African Airlines Report 9.5% Traffic Growth in May

The International Air Transport Association (IATA) announced global passenger traffic results for May showing that demand (measured in revenue passenger kilometers, or RPKs) rose 4.6%, compared to the same month in 2015, which was the same level achieved in April. Capacity climbed 5.5%, which pushed the average load factor down 0.7 percentage points to 78.7%. Demand for domestic traffic rose 5.1%, outpacing international demand growth of 4.3%.
“After a very strong start to the year, demand growth is slipping back toward more historic levels. A combination of factors are likely behind this more moderated pace of demand growth. These include continuing terrorist activity and the fragile state of the global economy. Neither bode well for travel demand. And the shocks of Istanbul and the economic fallout of the Brexit vote make it difficult to see an early uptick,” said Tony Tyler, IATA’s Director General and CEO. 
 
May 2016 
(% year-on-year)
World share¹

RPK

ASK

PLF 
(%-pt)²         
PLF 
(level)³  
Total Market
100.0%
4.6%
5.5%
-0.7%      
78.7%
Africa
2.2%
8.6%
9.4%
-0.5%
65.7%
Asia Pacific
31.5%
6.6%
6.9%
-0.2%
76.9%
Europe
26.7%
2.0%
2.8%
-0.6%
80.2%
Latin America
5.4%
1.7%
1.3%
0.3%
79.4%
Middle East
9.4%
11.2%
15.4%
-2.7%
72.1%
North America
24.7%
3.0%
3.4%
 -0.3%
83.8%
 
International Passenger Markets
spot_img
spot_img
spot_img

Hot this week

TeamApt CEO says Financial Inclusion is Dependent on Reliable Payment Ecosystem

L-R: Mr. Chike Onwuegbuchi, Chairman, Nigeria Information Technology Reporters’...

PalmPay Chief, Chika Nwosu: Embedded Finance is Key to Africa’s Digital Economy

L-R: Mr. Chike Onwuegbuchi, Chairman, Nigeria Information Technology Reporters’...

CreditRegistry Seeks Fair Digital Payments to Build Trust, Inclusion, Economic Prosperity

L-R: Mr. Chike Onwuegbuchi, Chairman, Nigeria Information Technology Reporters’...

Digital Encode CVO, Adewale Obadare at PAFON 3.0: Fintech Players Should Prioritise Trust over Speed to Counter Cyber Threats

L-R: Mr. Chike Onwuegbuchi, Chairman, Nigeria Information Technology Reporters’...

P+ Beats Three Agencies to Win NSIA Media Intelligence Business

P + Measurement Services Limited - (P+) has won the...

Topics

Stanbic IBTC Bank Secures CNY800m Term Loan Agreement with China Development Bank

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings,...

Royal Exchange CEO: Recapitalisation Will Reposition Insurance Sector, Support $1tn Economy Goal

Mrs. Idu Okeahialam, Group Managing Director/CEO, Royal Exchange Plc,...

HALL OF FAME: DS Innovation Hub Honours Ibru, Shittu, Ndukwe, Ovia

Empowered by Senator Ifeanyi Okowa, Governor of Delta State,...

Business Journal 5th anniversary Press Release

Yuguda, Ndukwe for Business Journal 5th Anniversary Lecture/Awards Mallam Isa Yuguda, Executive Governor...

Global Insurance Industry to Recover Strongly from COVID-19 Decline-Sigma Report

The insurance industry is set to overcome this year’s...

India Threatens to Seize Vodafone Assets Over $2.1bn Tax Dispute

The Indian government is threatening to seize Vodafone's assets...

Sovereign Trust Insurance Plc: 20 Years of Fueling Innovative Strategies

Sovereign Trust Insurance Plc is 20! Planted as a mustard...

Retirement: 6 in 10 Americans Lack $500 Savings

A report by CNNMoney says nearly six in 10...
spot_img

Related Articles

Popular Categories

spot_imgspot_img