The International Air Transport Association (IATA) announced global passenger traffic results for November 2013 showing a moderation in the pace of recent demand growth. Total revenue passenger kilometers (RPKs) rose 4.1% compared to November 2012. This was slower than the 6.5% year-over-year growth recorded in October.
In November capacity expanded by 6.1% which out-paced demand growth. This led to a 1.4 percentage point slip in the load factor to 76.3%.
Demand drivers such as consumer and business confidence, however, continue to improve. This suggests that growth may accelerate in the coming months.
“Demand growth hit a speed bump in November. But with continued modest improvements in economic conditions the outlook remains positive,” said Tony Tyler, IATA’s Director General and CEO.
International Passenger Markets
November 2013 international passenger demand was up 4.8% compared to the year-ago period. Capacity rose 6.3% versus November 2012 and load factor dipped 1.0 percentage points to 75.5%. All regions except Africa recorded year-over-year increases in demand. However, compared to October, all regions reported slower demand growth for November.
Asia-Pacific carriers recorded an increase in demand of 5.5% compared to November 2012. This was supported by the stronger performance of major economies such as China and Japan. With capacity up 6.8% on the previous year, the load factor slipped 0.9 percentage points to 75.4%.
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