Friday, February 27, 2026
34.4 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 Partners Awabah, PenCom to Power Micro-Pension for Nigeria’s Informal Economy

L-R: Dennis Ajalie, Chief Executive Officer, TeamApt Limited (a...

ITU Report: 6bn People Connected Online, 2.2bn Offline Globally

The world's online population grew by more than 240...

NGX RegCo Issues Advisory on Recent Price Movements, Urges Informed Trading

NGX Regulation Limited (NGX RegCo), the independent regulatory arm...

Union Bank: Cardoso’s Remarks at MPC Meeting Aligns with Our Recapitalisation Journey

Union Bank of Nigeria has issued a statement reaffirming...

AIICO 2026 Agency Retreat Honours Outstanding Sales Champions

Mrs. Ego Uzochukwu (Award Winner, centre); flanked on her...

Topics

Pan-african MSME Academy Webinar in Nigeria Set for Sept 3

All is set the first Pan-african MSME Academy informational...

Bharti Airtel: 72% Net Profit Fall Powered by Forex, Africa Acquisition

Sunil Bharti Mittal Chairman/Group CEO Bharti Airtel India's Bharti Airtel has reported...

Winners Emerge in NCDMB National Essay Competition

Winners of the 7th Nigerian Content Annual National Undergraduate...

Société Générale Bank in Partnership with Rugby Africa

Société Générale and Rugby Africa have agreed to join...

Still on Entrepreneurship!

In the past three editions, l dwelt on the topic of entrepreneurship because readers kept asking for more. In this edition however, l consider it pertinent to showcase real-life successful entrepreneurial CASE STUDY-away from all the grammar! A case of practical example-indeed. Konosuke Matsushita: The $73 Billion Story! In 1917 in Japan, a 23-year-old apprentice (Konosuke Matsushita) worked at the Osoka Electric Light Company without any form of formal education.

DMO Seeks Transaction Parties for $3.3bn Eurobond 2020

      The Debt Management Office (DMO), on behalf of the...

Sovereign Trust Insurance Board Visits NAICOM in Abuja

L-R: Shedrach Odoh, Director, Sovereign Trust Insurance Plc, Eric...

N300m Insurance Rebranding Project Stirs Market

The N300 million rebranding project by the insurance industry...
spot_img

Related Articles

Popular Categories

spot_imgspot_img