Skip to main content

African airlines record 6.5% passenger traffic growth


The International Air Transport Association (IATA) has announced global passenger traffic results for July showing strong but moderating demand growth.

Estimates by IATA, the global clearing house for over 275 major airlines in the world, indicated a total revenue passenger kilometers (RPKs) rise by 6.8 per cent, compared to the same month last year, down from 7.7 per cent year-over-year growth recorded in June.

African airlines experienced a 6.5 per cent increase in traffic compared to a year ago, down from 9.8 per cent demand growth in June. Capacity rose by 1.7 per cent, and load factor jumped 3.4 percentage points to 74.1 per cent.

Meanwhile, prices of international airfares have gone up a few notches in Nigeria. A check on the portals of some foreign airlines and travel agencies yesterday revealed an upward review of ticket prices by about 10 per cent.

According to IATA, conditions in Nigeria and South Africa, the region’s two largest economies continue to diverge. Whereas South Africa remains in recession, business confidence levels are at a two-year peak in Nigeria with impacts on the air travel market.

All regions reported solid or better growth in passenger volumes over the past year. Capacity (available seat kilometers or ASKs) increased by 6.1 per cent, and load factor rose 0.6 percentage points to a July record of 84.7 per cent.

IATA’s Director General and Chief Executive Officer (CEO), Alexandre de Juniac, said as was evidenced by the record high load factor in July, the appetite for air travel remains very strong.

However, “the stimulus effect of lower fares is softening in the face of rising cost inputs. This suggests a moderating in the supportive demand backdrop,” he said.

European carriers posted a 7.5 per cent rise in traffic for July compared to a year ago, down from 8.8 per cent annual growth in June.

Capacity rose by 5.9 per cent, and load factor climbed 1.3 percentage points to 88.7 per cent, highest among the regions. The economic backdrop in Europe has strengthened; however, on a seasonally-adjusted basis, the upward growth in travel demand has moderated sharply since February.

Asia-Pacific airlines’ July traffic rose 5.9 per cent over the year-ago period, a deceleration compared to June growth of 8.8 per cent. As with Europe, carriers in the Asia-Pacific region are seeing a slowing of demand growth. Capacity increased by 6.7 per cent and load factor slipped 0.6 percentage points to 81.0 per cent.

Middle East carriers had a 4.5 per cent increase in demand for July. This was acceleration from the 3.6 per cent annual growth seen in June, but was still well off the five-year average pace of 11.2 per cent.

De Juniac said: “As the first full month in the summer peak travel season, July is a bellwether month, and demand continues to be very strong. People want to travel and aviation connectivity is vital to the smooth functioning of the global economy.

“But the economic and social benefits that aviation brings need to be supported by adequate, affordable airport and air traffic management infrastructure. To do this effectively, governments must include aviation’s requirements as part of their national economic strategy,” he said.

On the ticket spike, it was gathered that some United States destinations have gone up by difference of about N100, 000 per return ticket.

The Guardian learnt that the review was due to a new exchange rate for the sale of air tickets in Nigeria, announced by the international association.

IATA recently reviewed the exchange rate for ticket from N305/$1 to N326/dollars. This is not unconnected with foreign airlines’ perennial inability to repatriate funds at the official rate of N305/dollar that they had been selling tickets since the partial devaluation of naira last year.

Comments

Popular posts from this blog

Check NYSC Senate Approved List of All Institutions for the 2017 Batch ‘B’

National Youth Service Corps, NYSC senate list is out. The portal for verifying the senate approved mobilization list (2017 Batch ‘B’) of various institutions in Nigeria is live.
This is to inform all prospective corps members (2017 Batch ‘B’) that they can now check the senate approved mobilization list of their various institutions on the National Youth Service Corps (NYSC) portal for free.
See also: NYSC Batch ‘B’ Mobilization Exercise Timetable – 2017
HOW TO CHECK NYSC SENATE APPROVED LIST. 1. Go to NYSC senate list portal at https://portal.nysc.org.ng/nysc2/VerifySenateLists.aspx 2. Select your Institution. 3. Supply your Matriculation Number and Surname in the required columns. 4. Select your date of birth. Finally, click the ‘SEARCH’ button to access your mobilization status.

Scary News About Your Cellphone

File photo

The war rages on about the safety of cell phones.  One side argues there’s either nothing to fear, while the other warns that your phone is causes grave harm when it comes into close contact with your body. Citing the views of other experts Dr Joseph Mercola tries to show where the real truth lies.

The year 2014 marked the first time in history that there were officially more mobile devices than people in the world – approximately 7.2 billion.

Although significantly lower, the number of cell phone users is forecast to reach 4.77 billion by the year 2017.

That’s a lot of cell phones and cell phone users. But what’s even more fascinating about all these mobile devices is the behaviour that surrounds them: The average cellphone owner checks their phone 110 times a day, or about nine times each hour; and 46 percent of smartphone owners say “they couldn’t live without” their phones

Cell Phone Safety

Most…

Nigerian Soldier Fighting Boko Haram, Shares Pictures Of The Grave where he sleeps

A Nigerian soldier “Charles Sea” who is currently on the warfront fighting Boko Haram shared a photo on social media of the grave where he sleeps daily.

According to him, from that grave the wakes up every morning to carry out his daily duties.

Read what he wrote below…

Happy sunday friends and my dear people of God. Thank God i made it today again in the land of the living , from this grave, I wake every morning to carry out my daily duty.

This is real courageous to defend we civilians…

See more photos below: