The demand for air tickets in March slowed down
IATA announced the results of global passenger traffic, the report shows that demand (measured in passenger kilometers or RPK) increased 3.1%, compared to the same month last year
This was largely due to the Easter holiday date, which fell almost one month later than in 2018. On a seasonally adjusted basis, the underlying growth rate has remained relatively stable since October 2018 at a Annualized rhythm of 4.1%. The capacity (seat kilometers available or ASK) for the month of March grew 4.2% and the load factor fell 0.9 percentage points to 81.7%.
"While traffic growth slowed considerably in March, we do not see the month as a highlight for the rest of 2019. However, the economic context has become somewhat less favorable, as the IMF has recently revised its outlook on GDP down for the fourth time in the past year, "said Alexandre de Juniac, CEO and CEO of IATA.