Released 5th December 2019
Key points from our latest report:
Industry-wide revenue passenger kilometres (RPKs) grew by 3.4% year-on-year in October – a modest slowdown from 3.9% in September. Despite that, seasonally adjusted volumes sustained their moderate upward trend.
The industry-wide passenger load factor reached a new all-time high for the month of October (82.0%) as demand continues to grow faster than capacity. All regions except for Africa recorded a higher load factor than a year ago.
International RPK growth was unchanged from last month as a faster expansion recorded by the Middle Eastern carriers broadly offset a slowdown in Europe and Latin America. By contrast, growth in domestic RPKs softened this month largely on the back of weaker China and US market outcomes.