July 2019 IATA Air Passenger Market Analysis
A soft start to the peak season, but a new record load factor


  • Annual growth in industry-wide revenue passenger kilometres (RPKs) slowed to 3.6% in July. This is a continuation of the weaker trend seen in recent months, on a backdrop of disparate business confidence and mounting global risks.
  • The trend of moderate capacity growth at the industry level has been maintained in July (3.2% year-on-year), leading to new record load factors. The load factor of 85.7% is a new all-time high for any month of the year. All regions recorded modest capacity growth and high load factors.
  • Domestic passenger volumes grew faster than international RPKs, carried by strong numbers in China (11.7%) and India (8.9%). The softness in international RPK growth was broad-based across all regions.

Africa posts fastest growth rates in July
Though Latin America and Africa posted the fastest growth rates in July globaly,  growth for the African carriers also slowed significantly, to 3.6% in July, from a revised 9.8% in June. Deteriorating business confidence in South Africa partly countered generally solid economic conditions in other key markets in the region.

Soft start to the peak season for RPK growth…
Year-on-year growth in industry-wide revenue passenger kilometres (RPKs) eased to 3.6% in July, down from the 5.1% growth observed in June...Download the full document here. 

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