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11-Nov-2019 10:07 AM

IATA: Sep-2019 was eighth consecutive month of growth below the long term average

IATA, via its Air Passenger Monthly Analysis for Sep-2019, reported (07-Nov-2019) growth in international RPKs eased modestly in Sep-2019 (+3.0%) versus Aug-2019, driven by weaker outcomes in all regions except for North America and Asia Pacific. This marked the eighth consecutive month of year-on-year growth below the long-run average rate of ~5.5%. By contrast, growth in domestic RPKs improved (+5.3%), although in the case of Japan and the US, the latest outcome was boosted by a weak outturn in 2018. A moderate upward trend in underlying demand "remains firmly in place" according to IATA. The weaker pace observed over the past 18 months has come against a backdrop of slowing momentum in the global economy, easing business confidence, declining world trade activity and various political and geopolitical tensions across the regions. [more - original PR]

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