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Ethiopian Airlines, others propel Africa’s strong growth rate by 9.5%
African airlines’ traffic rose by 9.5 per cent, continuing the trend of strong growth that is linked to the expansion of long-haul networks by the region’s carriers, particularly Ethiopian Airlines. Capacity rose 10.4 per cent, and load factor slipped 0.5 percentage points to 64.5 per cent.
The disclosure was made by the International Air Transport Association (IATA) adding that global passenger traffic results overall for May shows that demand (measured in revenue passenger kilometers, or RPKs) rose 4.6 per cent, compared to the same month in 2015, which was the same level achieved in April.
According to the clearing house for 260 global airlines, capacity climbed 5.5 per cent, which pushed the average load factor down 0.7 percentage points to 78.7 per cent, while demand for domestic traffic rose 5.1 per cent, outpacing international demand growth of 4.3 per cent.
Director-General of IATA, Tony Tyler said, “After a very strong start to the year, demand growth is slipping back toward more historic levels. A combination of factors is likely behind this more moderated pace of demand growth. These include continuing terrorist activity and the fragile state of the global economy. Neither bode well for travel demand. And the shocks of Istanbul and the economic fallout of the Brexit vote make it difficult to see an early uptick.”
International Passenger Markets
Annual growth in international RPKs slowed for the third consecutive month, to 4.3 per cent, from 5per cent recorded in April year-over-year. Airlines in all regions recorded growth. Total capacity climbed 6.1 per cent, causing load factor to slip 1.3 percentage points to 77.1 per cent.
- Asia-Pacific airlines’ traffic rose 5.1 per cent in May compared to the year-ago period. Capacity increased 6.4 per cent, which caused load factor to slide 1.0 percentage point to 75.1 per cent. Strong upward momentum has stalled in recent months with growth tracking sideways since the beginning of the year.
- European carriers’ May demand climbed just 2.1 per cent over May 2015, reflecting continuing fallout from the Brussels terror attack. Capacity rose 3.5 per cent and load factor dipped 1.1 percentage points to 80.6%, which despite the decline still was the highest among regions.
- Middle East carriers had an 11.8 per cent rise in demand in May compared to a year ago, which was the largest increase among regions. Capacity increased 15.6 per cent, however, and load factor dropped 2.4 percentage points to 71.9 per cent. Growth in capacity has now exceeded traffic growth in 18 of the past 20 months.
- North American airlines’ traffic climbed 0.5 per cent as carriers continue to focus on the larger and stronger domestic markets. Capacity rose 1.9 per cent and load factor fell 1.1 percentage points to 80.1 per cent.
- Latin American airlines experienced a 5.1 per cent increase in traffic in May compared to the same month last year. As with Europe, upward momentum has stalled. Capacity climbed 5.2 per cent and load factor was flat at 80.2 per cent.
- African airlines’ traffic rose 9.5 per cent, continuing the trend of strong growth that is linked to the expansion of long-haul networks by the region’s carriers, particularly Ethiopian Airlines. Capacity rose 10.4 per cent, and load factor slipped 0.5 percentage points to 64.5 per cent.
Domestic Passenger Markets
Domestic demand rose 5.1 per cent in May compared to May 2015, which was up from the 4 per cent year-on-year growth recorded in April. Results were decidedly mixed, with Brazil, Russia and Japan all showing declines. Domestic capacity climbed 4.4 per cent, and load factor rose 0.5 percentage points to 81.7 per cent.
Domestic demand rose 5.1 per cent in May compared to May 2015, which was up from the 4 per cent year-on-year growth recorded in April. Results were decidedly mixed, with Brazil, Russia and Japan all showing declines. Domestic capacity climbed 4.4 per cent, and load factor rose 0.5 percentage points to 81.7 per cent.
