Continues to Slow
Falling Load Factors Hurt
Istanbul – The International Air
Transport Association (IATA) released international traffic data for
international passenger demand grew by 3% in April. Capacity growth of 5%
saw load factors fall to 75.4%. This is a 1.5% drop from the 76.9%
recorded during the same period last year and the third consecutive
monthly year-on-year decline. International cargo demand growth remained
sluggish at 3.7%.
figures contain several distortions. The impact of an early Easter holiday
in 2008 will have reduced comparative year-on-year traffic growth by about
2% in April. At the same time the 10% transatlantic capacity increase with
the commencement of the US-EU Open Skies is estimated to have boosted
global traffic by about 1%. Adjusting for these distortions and leap year,
underlying passenger traffic demand increased 4% in April and the three
of skyrocketing oil prices and weaker economies has made its way to
traffic growth. At this time last year we were talking about 6.7% growth
for the first four months of the year. This year it’s 4%. There has been a
step change downwards,” said Bisignani.
air freight volume growth of 3.7% in April was weaker than the 4.4%
average increase recorded during the first quarter reflecting the impact
of the economic slowdown.
Open Skies agreement provided a modest boost to US airlines which
recorded 6% growth in April due to extra transatlantic capacity.
Eastern airlines recorded a 15.8% increase in April due to additional
capacity and strong trade in the markets they serve.
growth with skyrocketing oil prices and the industry outlook is grim at
best,” said Bisignani, as the world’s aviation leaders begin to gather in
Istanbul, Turkey for the IATA Annual General Meeting and World Air
airlines posted a profit of US$5.6 billion. This was the first profit
after six years in which losses totaled more than US$40 billion. To
achieve this, we re-engineered the industry,” said Bisignani. “On June 1,
the industry will mark a Simplifying the Business milestone, having
achieved 100% e-ticketing. It means US$3 billion in cost savings and
greater convenience everywhere. But there will barely be time to
celebrate. Much more change is needed,” said Bisignani.
Annual General Meeting and World Air Transport Summit is the biggest
airline event of the year. Over 700 top industry leaders are expected to
attend the event from 1-3 June. Media information (including registration
requirements) can be found at: www.iata.org/agm2008.
full April traffic results
(International Air Transport Association) represents some 230 airlines
comprising 93% of scheduled international air traffic.
of measurement terms:
Revenue Passenger Kilometres measures actual passenger traffic
Available Seat Kilometres measures available passenger capacity
Passenger Load Factor is % of ASKs used. In comparison of 2008 to
2007, PLF indicates point differential between the periods compared
Freight Tonne Kilometres measures actual freight traffic
Available Tonne Kilometres measures available total capacity (combined
passenger and cargo)
statistics cover international scheduled air traffic; domestic traffic
is not included.
are provisional and represent total reporting at time of publication
plus estimates for missing data.
passenger load factor for April 2007 was originally reported as
76.3. This has been revised to 76.9. Comparisons with April
2007 in this release are based on this revised figure.
International passenger traffic market shares by region in
terms of RPK are: Europe 33.1%, Asia Pacific 32.9%, North America 18.8%,
Middle East 8.5%, Latin America 4.6%, Africa 2.1%
International freight traffic market shares by region in
terms of FTK are: Asia Pacific 46.1%, Europe 25.9%, North America 17.2%,
Middle East 7.4%, Latin America 2.2%, Africa 1.1%