The International Air Transport Association (IATA) announced the global passenger traffic results for March 2019 showing that Middle East carriers’ passenger demand fell 3 per cent in March marking a second consecutive month of declining traffic. This reflects the broader structural changes in the industry which have been taking place in the region. Capacity increased 2.3 per cent, and load factor plunged 4.0 percentage points to 73.8 per cent.
According to IATA, the overall global passenger traffic results for March 2019 showing that demand (measured in revenue passenger kilometers, or RPKs) rose 3.1 per cent, compared to the same month a year ago, which was the slowest pace for any month in nine years. “While traffic growth slowed considerably in March, we do not see the month as a bellwether for the rest of 2019. Nevertheless, the economic backdrop has become somewhat less favourable, with the IMF having recently revised its GDP outlook downward for a fourth time in the past year,” said Alexandre de Juniac, Director General and CEO of IATA.