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Asia Pacific performing strongly as airline pax forecast to grow 4.5%


Issues & Trends – February 2013

Asia Pacific performing strongly as airline pax forecast to grow 4.5%

LATEST IATA traffic results for November 2012 show air travel (international and domestic) was 4.6 per cent higher than November 2011, a considerably larger rate of increase than the 2.9 per cent achieved in October.

It was also comfortably ahead of passenger capacity which rose 3.2 per cent, reflected in a load factor of 77.3 per cent, a one percentage point improvement on November 2011.

“November brought some positive signs for air transport demand,” said IATA director general Tony Tyler. “In 2013 we expect that passenger traffic will increase by 4.5 per cent worldwide.”

The IATA statistics show inter-national passenger demand grew 5.6 per cent compared to November 2011.

“However, the month-on-month increase was only 0.2 per cent, indicating that year-on-year growth was more likely owing to depressed demand a year ago,” the IATA announcement states. Asia-Pacific carriers experienced the strongest growth among the major regions, with demand up 6.2 per cent year-on-year, on a capacity increase of 2.5 per cent. Load factor surged 2.6 percentage points to 75.7 per cent.

However IATA cautions that these figures likely reflect depressed results in 2011 owing to flooding in Thailand. “The growth of 1.7 per cent in November compared to October could be due to volatility in the data given the extended period of slower growth since early 2012,” the world airline body states.

 

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