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Wednesday, 06 March 2013 10:17

Global air travel demand up in 2013

IATA: size of global market up 3.5% on the year

In its latest Air Passenger Market Analysis, IATA says that the improvement in global air travel demand seen at the end of 2012 has continued into the New Year. The size of the global market expanded 0.7% in January compared to December and by as much as 3.5% year-on-year.
Air travel markets have benefited from an overall improvement in the business environment over recent months, IATA said. Between October and January, global RPKs expanded at an annualised rate of 9%, well above the 5% growth in 2012.
Half of the growth in air travel in January compared to October was carried by Asia-Pacific airlines. China’s domestic market was about 5% higher. By contrast, airlines from the European region took only 1% of the travel growth over recent months.
[photo courtesy Icelandair]

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