in Route Planning & Tourism

African airlines' traffic rose 3.8% in May compared to a year-ago

Posted 9 July 2018 · Add Comment

The International Air Transport Association (IATA) announced global passenger traffic results for May showing that demand (measured in revenue passenger kilometers, or RPKs) rose 6.1% compared to the same month in 2017, which was a slight pickup from 6.0% year-over-year growth for April 2018. Capacity climbed 5.9% and load factor rose 0.1 percentage point to 80.1%.

 

"May was another solid month in terms of demand growth. As had been expected, we saw some moderation, as rising airline costs are reducing the stimulus from lower airfares. In particular, jet fuel prices are expected to be up nearly 26% this year compared to 2017. Nevertheless, the record load factor for the month signifies that demand for air connectivity is strong," said Alexandre de Juniac, IATA's Director General and CEO. 

International passenger traffic demand rose 5.8%, which was up from 4.6% growth in April. All regions recorded growth, led by Asia-Pacific airlines. Total capacity climbed 5.4%, with load factor rising 0.3 percentage point to 78.7%.

African airlines' traffic rose 3.8% in May compared to a year-ago, which was an 8-month low. Capacity rose 3.2% and load factor edged up 0.4 percentage point to 66.4%. The region's two largest economies, Nigeria and South Africa, may be moving in opposite directions again, with higher oil prices bolstering the Nigerian economy, while business confidence in South Africa has weakened again.

Other international markets 

Asia-Pacific airlines saw their traffic rise 8.0% in May compared to a year ago, slightly down on an 8.1% increase in April. Capacity increased 7.6%, and load factor edged up 0.3 percentages point to 77.9%. Passenger traffic has continued to trend strongly upwards in seasonally-adjusted terms, buoyed by a combination of robust regional economic growth and increases in the number of route options for travelers.

European carriers' May demand climbed 6.2% over May 2017, well above the 3.4% year-over-year growth recorded in April. Capacity rose 5.1% and load factor was up 0.8 percentage point to 83.5%, which was the highest among regions. Despite the impact of strikes in the region and mixed signals regarding the economic backdrop, traffic growth is healthy.   

Middle East carriers' May demand growth slowed to 0.8% compared to a year ago, from 2.9% annual growth recorded in April. The earlier timing of Ramadan this year may have affected the result, but more broadly, the upward trend in traffic has slowed compared to last year. May capacity increased 3.7%, and load factor fell 1.9 percentage points to 67.5%   

North American airlines' traffic rose 4.9% in May compared to May 2017, a strong rebound from 0.9% annual growth in April (which was a 36-month low). Capacity climbed 3.4% and load factor increased 1.2 percentage points to 82.0%. Given the comparatively strong US domestic economy, April's weak demand performance likely was more reflective of unfavorable year-to-year comparisons with April 2017, when the current upsurge in growth began.

Latin American airlines experienced a 7.5% increase in traffic in May compared to the same month last year, which was up from 6.5% growth in April. Capacity climbed 7.0% and load factor rose 0.4 percentage points to 81.6%. Economic disruption in Brazil may be contributing to a slight slowdown in demand growth in recent months, but this is not expected to have a long-term impact on the healthy traffic trend.

* required field

Post a comment

Other Stories
Advertisement
Latest News

Emirates announces one-off A380 service to Accra

Emirates A380 aircraft will operate a one-off flight to Kotoka International Airport (ACC), Accra, on Tuesday 2nd October, as the global airline joins local authorities in celebrating the opening of the airport’s new Terminal 3.

First Rolls-Royce Trent 7000 production engine despatched

The first Rolls-Royce Trent 7000 production engine was despatched yesterday to the Airbus facility in Toulouse, in readiness to power Airbus’s latest aircraft, the A330neo, into service.

Ethiopian Airlines selects GEnx engines to power its additional Boeing 787 Dreamliners

Ethiopian Airlines selected the GEnx engine to power its six additional Boeing 787-9 Dreamliner aircraft. This selection increases Ethiopian Airlines' GEnx-powered B787 aircraft to 19 total.

Airbus forecasts $4.6 trillion worldwide market for commercial aircraft services over next 20 years

Ambitions to boost value to customers and reach $10bn of services revenues in commercial in the next decade

FIA2018: GECAS and Boeing announce agreement for 737-800 Boeing converted freighters

GECAS and Boeing has announced today that they have reached an agreement for 35 additional 737-800 Boeing Converted Freighters at the 2018 Farnborough International Airshow.

Ethiopian Airlines wins Best Airline in Africa award

Ethiopian Airlines has secured the top prize at the 2018 World Airline Awards being named the ‘Best Airline in Africa’ for the second time.

TAA SK0902311218
See us at
AirCargoAFA_BT220318210219AAD2018 BTAviationAfrica_BT0607280219GroundHandling BT2205130918