News & Industry Affairs / IATA

November 2019 IATA Air Passenger Market Analysis
A month of moderate volume growth but stabilizing drivers


  • Annual growth in industry-wide revenue passenger kilometres (RPKs) was unchanged in November, at 3.3%. Europe’s contribution to growth has softened in the past three months, offset by an improvement from Asia Pacific and the Middle East.
  • The recent modest outcomes in passenger growth are a reflection of slower global economic activity, along with various geopolitical tensions and other disruptions. That said, there are signs of stabilization in some of the drivers of air transport demand, including business confidence and positive developments in the US-China trade talks.
  • Middle Eastern airlines experienced a second consecutive month of strong international RPK annual growth, while growth in India domestic RPKs recorded a double-digit pace for the first time since January.

Another month of growth in Africa…
Carriers registered in Africa saw international RPK volumes grow by ~5% year-on-year in November, rebounding after two consecutive months of modest growth around 2-2.5%. Ongoing challenges in the South African market have been more than offset by strong performances elsewhere in the region.

Modest performance in industry-wide growth…
Year-on-year growth in industry-wide revenue passenger kilometres (RPKs) was unchanged in November, at 3.3%. This outcome is below that of the year-to-date measure (4.2%) and signals another month of moderate performance for passenger demand, in what is typically one of the least busy months of the year.
    In seasonally-adjusted (SA) terms, RPKs were steady in November. While the recent SA trend – which commenced in around Q2 2018 – remains robust, the results of the past two months have nudged it slightly lower, to 3.5% pa.

…with APAC supplying almost half of the growth
Looking at the regional contributions to the annual industry-wide growth outturn, the Asia-Pacific region contributed around half of the growth in November. The Middle East made its largest contribution in more than five years (~20% of the total).
    This contrasts with Europe, a region that supplied only 10% of the growth in volumes over the past year, despite accounting for 27% of overall passenger traffic. Europe’s contribution to global RPK growth has now declined for the past three months...Download the full document here. 

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