IATA: Fuel And Labor Costs To Slow Passenger Growth

Worldwide passenger traffic grew 7.6% in 2017, outpacing the 10-year average annual rate of 5.5%, according to the IATA “Air Passenger Market Analysis” for December 2017, released Feb. 1. Passengers responded to a global economic improvement and were enticed by lower airfares, the report said. Year-over-year (YOY) global passenger capacity rose 6.3% for the full year, producing an 81.4% total passenger load factor, up 0.9 point from 2016. December passenger traffic moderated, ...