AIR TRANSPORT MARKET ANALYSIS JULY 2011
|
|
- Lewis Marsh
- 6 years ago
- Views:
Transcription
1 AIR TRANSPORT MARKET ANALYSIS JULY 2011 KEY POINTS Despite an increasingly gloomy economic outlook, air travel continued to expand at a pace close to trend in July, to a level 5.9% higher than a year earlier. However, air freight markets stagnated as world trade stopped growing. Air freight volumes were 0.4% lower than a year ago in July; International markets remain stronger on average than domestic air transport markets. Air travel expanded by 7.3% in July on international markets, compared to growth of just 3.5% on domestic markets. The stagnation of air freight is apparent on both international and domestic markets; Performance continues to differ across international markets. One of the weakest regions was the Asia-Pacific, largely due to the situation in Japan. North n airlines also saw relatively weak growth in July. The strongest region continues to be Latin, where airlines continue to see double figure growth. Despite the crisis in some European economies, airlines from the region have experienced one of the strongest expansions. Domestic air travel markets show the biggest differences. Japan s domestic market is recovering slowly from the shock of the March earthquake and tsunami, but remained 16% lower than in February. China s market continued to go through a softer expansion phase, slowed by the impact of economic policies aimed at restraining inflation. By contrast the domestic markets in India and Brazil continue to expand fast, up 20.6% and 17.8% respectively in July. Monthly RPK (Billions) RPK Total Air Freight and Passenger Volumes FTK Monthly FTK (Billions) Index of business confidence Worldwide growth in air travel and business confidence Growth in RPKs (right scale) Business confidence (left scale) 15% 5% -5% - % change over year % Our analysis suggests the expansion of air travel in Q2 and the start of Q3 was propelled by stronger economic growth and confidence at the start of the year. The recent fall in business and consumer confidence, the stagnation of international trade, and the still high level of the jet kerosene price, removes a lot of the positive support for air travel growth. We would expect to see air travel growth slowing in the next few months. Now that international trade has stopped growing a strong near term renewal in air freight growth seems unlikely.. Year on Year Comparison vs. July 2010 YTD 2011 vs. YTD 2010 RPK ASK PLF FTK AFTK FLF RPK ASK PLF FTK AFTK FLF International 7.3% 7.2% 83.1% -0.4% 4.6% 49.8% 7.8% 9.2% 77.1% 1.5% 7.3% 51.2% Domestic 3.5% 2.3% 82.9% -0.4% -0.2% 27.6% % 78.9% -1.9% 0.1% 28. Total Market 5.9% 5.4% 83.1% -0.4% 3.6% % 6.8% 77.7% % 46.2% RPK: Revenue-Passenger-Kilometers; ASK: Available-Seat-Kilometers; PLF: Passenger-Load-Factor; FTK: Freight-Tonne-Kilometers; AFTK: Available Freight Tonne Kilometers; FLF: Freight Load Factor; All Figures are expressed in % change Year on Year except PLF and FLF which are the load factors for the specific month. IATA Economics 1
2 Airlines have been keeping the expansion of seat capacity growing at a relatively steady pace throughout the past year. That led to load factors falling sharply when demand was hit by a number of shocks earlier this year. The stronger traffic seen during Q2 and July has allowed the average load factor on passenger markets to recover to its peak of Q3 last year; The picture differs on air freight markets. Growth in capacity coupled with stagnating air freight markets has led to a steady deterioration in the average air freight load factor, which has fallen 4 percentage points since early 2010 and is now back to the level prevailing before the recession. COMPARING JULY TO JUNE Month on Month Comparison vs. June 2011 RPK ASK PLF pt FTK AFTK FLF pt International % 1.1% 0.6% 0.6% 0. Domestic 1.2% 0.4% 0.6% -0.1% 0.9% -0.3% Total Market 1.7% 0.6% 0.9% 0.5% 0.7% -0.1% Data are seasonally adjusted. All figures are expressed in % change month on month except, PLF pt and FLF pt which are the percentage point difference between load factors of two consecutive months. PASSENGER MARKET International Market The month-on-month comparison gives a similar broad picture to the year-on-year comparison shown on page 1, because there was no major disruption in July last year to distort the growth rates; The figures clearly show the relative strength of international air travel, the improvement in passenger load factors, the weakness of air freight demand and the deterioration of load factors in these markets. International Passenger Market International Passenger Growth by Region Monthly RPKs (Billion) % Growth in RPKs 12% 8% 6% 4% 2% -2% -1.9% 6.6% 3.9% 4.9% 9.1% 9.3% 8.2% 10.3% % 2.4% 3.9% 7.3% % Africa Asia/Pacific Europe Latin Middle East North July (and August) are always the seasonal high points for air travel due to the timings of holidays in the North. But even after adjusting for this seasonal boost the chart above shows that there was a further underlying expansion in air travel in July. By July the level of international air travel markets was up 7% so far this year and was 12% higher than the prerecession peak in early This has been an encouraging performance. However, to put this in perspective, if air travel had continued to grow at the 8% pace seen before the recession the size of the market would have been an additional 14% higher than today s () level. Air travel markets have recovered above the prerecession level but it looks as though 2 years of growth were permanently lost as a result of the recession; As the chart below shows there has been an encouraging recovery of load factors on international air travel markets, following the sharp decline earlier this year. This has not been due to cutbacks in capacity in fact there has been a moderate acceleration in capacity growth but because of the rebound in demand. IATA Economics 2
3 8 78% Passenger Load Factor on International Market 9 85% 8 International Passenger Load Factor by Region 80.9% 80.2% 84.8% 85.1% 80.3% 82.6% 80.8% 81.4% 87.2% 86.8% % % of ASKs 76% % ASKs % 73.1% 74% 65% 72% 6 Africa Asia/Pacific Europe Latin Middle East North Domestic Market Domestic Passenger Market 25% 2 15% 16. Domestic Passenger Growth by Country 17.8% 15.9% 20.6% Monthly RPKs (Billion) % Growth in RPKs 5% -5% - -15% % 2.7% 4.9% 5.1% -20.3% -16.7% 1.3% 2.1% 2.4% 3.5% % Australia Brazil China, P.R. India Japan USA Domestic air travel in aggregate has been much more sluggish than air travel on international markets. There has been very little growth since the end of the third quarter of last year. This is partly because of mature US market and its sluggish economy. Domestic US markets have shrunk 2% over the same period and represent 5 of worldwide domestic air travel. China is the second biggest market. Growth in this domestic market slowed abruptly in the middle of 2010 from annual rates close to 2 to a pace of expansion of around 5%. These two markets represent almost 7 of domestic air travel. Coupled with the impact of the still unrecovered shock in Japan they have more than offset the strong growth still being seen on India and Brazil s domestic markets, which continues to be driven by strong economic growth and previous market liberalization. 8 Passager Load Factor on Domestic Market 9 Domestic Passenger Load Factor by Country 86.5% 87.1% 87.3% 79% 78% 85% % 83.6% 81.9% 82.9% 81.9% % of ASKs 77% 76% % ASKs 7 65% % 73.8% 71.8% 71.2% % 74% 55% 73% 5 72% 45% Australia Brazil China, P.R. India Japan USA IATA Economics 3
4 Total Market (Domestic + International) 530 Total Passenger Market 14% Total Passenger Growth by Region Monthly RPKs (Billion) % Growth in RPKs 12% 8% 6% 4% 2% 4.3% 3.7% 4.7% % 10.4% 12.1% 6.9% 9.8% 1.7% 2.8% 4.7% 5.9% 330-2% 280-4% -2.4% Africa Asia/Pacific Europe Latin Middle East North Strong domestic air travel in Brazil added to the leading international growth performance of airlines from Latin in July. The total RPKs carried by these airlines rose 12.1% above a year earlier in July. However, weakness in Japan and sub-par growth in China offset strong Indian domestic growth and depressed the growth of total RPKs carried by airlines based in the Asia-Pacific region. North n airlines performance was also weakened by domestic markets, which represent two-thirds of total RPKs for these airlines. European airlines, with just of their total RPKs coming from domestic markets, are benefiting from their stronger international performance. Average load factors on air travel markets have recovered to the highs of Q3 last year. North n and European airlines continue to achieve the highest load factors. Latin n airlines have seen the largest improvement. 8 Passager Load Factor on Total Market 9 Total Passenger Load Factor by Region 86.9% 86.9% 79% 78% 85% % 80.2% 83.8% 84.1% 79.6% 80.6% 81.5% 82.6% 83.1% % of ASKs 77% 76% % of ASKs % 72.7% 76.5% 74% 65% 73% 72% 6 Africa Asia/Pacific Europe Latin Middle East North FREIGHT MARKET International Market 15 International Freight Market International Freight Growth by Region 14 8% 8.4% 7.4% 8.4% Monthly FTKs (Billion) % Growth in FTKs 6% 4% 2% -2% -4% -6% -0.1% -6.2% -3.9% -0.5% -1.2% 2.5% 3.5% -0.5% % -0.4% 8-8% Africa Asia/Pacific Europe Latin Middle East North IATA Economics 4
5 International air freight markets were marginally stronger than domestic markets in July. The volume of air freight carried on international markets in July was up just over 1% from the start of the year. Now that air freight markets have shrunk 5% from the peak reached in early 2010 the size of these markets in July was just 3% higher than pre-recession levels. During the second half of 2010 the weakness of air freight was due to a loss of share of world trade to other modes, partly due to the composition of goods traded. World trade was expanding strongly during that period but other modes benefited. However, so far this year there has been no further growth in world trade in part because of the disruptions caused to electronics and automobile supply chains by the earthquake and tsunami in Japan, but also a sign of economic slowdown. While this environment persists there is little scope for further expansion in air freight volumes; Capacity continued to expand throughout the eighteen months to July. Since air freight demand shrank 5% in the past fourteen months load factors fell back to pre-recession levels. The regional divergence in load factors largely reflects the importance of the Asia-Pacific region as the major centre for manufacturing. Manufacturing, particularly industries such as electronics and capital goods, are key shippers by air. As a result the major flows of these goods are out from the Asia-Pacific region, while inward flows are much lower. Asia-Pacific airlines have the home carrier advantage in better utilizing their capacity and achieve by far the highest load factors. At the other extreme are airlines from Africa, where manufacturing is weak and the principle export commodities is mostly not shipped by air. % of AFTKs 58% 56% 54% 52% 5 48% 46% 44% Freight Load Factor on International Market % AFTKs 7 65% 6 55% 5 45% 4 35% 3 25% 25.1% 25.9% 65.4% International Freight Load Factor by Region 62.5% % 43.2% 41.8% 45.8% 44.2% % 52.2% 49.8% 42% 2 Africa Asia/Pacific Europe Latin Middle East North Total Market Total Freight Market 8% 7.4% Total Freight Growth by Region 8.2% 8.4% Monthly RPKs (Billion) % Growth in FTKs 6% 4% 2% -2% -4% -0.9% -3.6% -0.7% -1.3% 2.7% 3.5% -0.6% % -0.4% % -8% -5.8% Africa Asia/Pacific Europe Latin Middle East North Air freight markets in total were depressed further by declines in domestic air freight, which in July was around lower than prior to the recession. Airlines from most regions have experienced very weak air freight businesses so far this year. During the first seven months of 2011 only airlines in the Latin n and Middle East regions have seen volumes grow at a high single figure pace. Airlines in the Asia-Pacific and Africa regions have seen the size of their air freight businesses decline; IATA Economics 5
6 52% 5 Freight Load Factor on Total Market % Total Freight Load Factor by Region 58.1% % of AFTKs 48% 46% 44% 42% % of AFTKs % 25.5% % 42.2% 39.9% 45.1% 43.6% 34.2% % % Africa Asia/Pacific Europe Latin Middle East North. IATA Economics 6
7 ANNEX Year on Year Comparison vs. July 2010 YTD 2011 vs. YTD 2010 Air Transport Market Analysis RPK ASK PLF FTK AFTK FLF RPK ASK PLF FTK AFTK FLF Africa 6.6% 4.9% 73.1% 8.4% 5.1% 25.9% % 65.9% -1.6% 2.9% 26.5% Asia/Pacific 4.9% 5.8% 80.2% -3.9% 0.5% 62.5% 4.1% 6.4% 76.2% -3.5% 2.4% 62.5% Europe 9.3% 8.9% 85.1% -0.5% 4.3% 47.6% % 78.1% 4.2% 8.7% 50.3% Latin 10.3% 7.2% 82.6% 7.4% % 12.2% 8.8% 77.9% Middle East 9.7% 8.9% 81.4% 8.4% 12.4% 44.2% 8.9% 9.9% 75.2% 9.5% 14.1% 44.8% North 3.9% 4.4% 86.8% % 38.8% % 80.1% 5.3% 11.4% 41.4% International 7.3% 7.2% 83.1% -0.4% 4.6% 49.8% 7.8% 9.2% 77.1% 1.5% 7.3% 51.2% Australia 2.7% 0.2% 81.9% 4.3% 4.5% 77.9% Brazil 17.8% 10.7% 73.8% 18.3% % China 5.1% 1.6% 86.5% 7.3% 2.8% 82.4% India 20.6% 21.7% 71.2% 18.2% 18.6% 75.5% Japan -16.7% -13.7% 60.8% -18.7% -12.4% 57.1% US 2.1% % 2.4% % Domestic 3.5% 2.3% 82.9% -0.4% -0.2% 27.6% % 78.9% -1.9% 0.1% 28. Africa 4.3% 2.3% 72.7% 7.4% 3.8% 25.5% -0.2% 2.5% 66.4% -2.5% % Asia/Pacific 4.7% 4.2% 80.2% -3.6% % 4.5% 4.9% 76.6% -3.5% 1.9% 58. Europe 8.5% 8.1% 84.1% -0.7% % 10.1% 10.7% 77.2% % 49.3% Latin 12.1% 7.7% 79.6% 8.2% 2.4% 42.2% 14.4% 9.6% 75.5% 7.3% 2.3% 41.4% Middle East 9.8% 8.7% 81.5% 8.4% 12.1% 43.6% 8.3% % 9.5% 13.5% 44.1% North 2.8% 2.7% 86.9% % % 4.1% 81.8% 2.5% 6.1% 34.5% Total Market 5.9% 5.4% 83.1% -0.4% 3.6% % 6.8% 77.7% % 46.2% RPK: Revenue-Passenger-Kilometers; ASK: Available-Seat-Kilometers; PLF: Passenger-Load-Factor; FTK: Freight-Tonne-Kilometers; AFTK: Available Freight Tonne Kilometers; FLF: Freight Load Factor; All Figures are expressed in % change Year on Year except PLF and FLF which are the load factors for the specific month. IATA Economics 7
8 Month on Month Comparison vs. June 2011 Market Share RPK ASK PLF FTK AFTK FLF RPK FTK Africa 4.5% 1.9% 1.7% 1.7% 0.4% 0.3% 3.2% 1.3% Asia/Pacific % 0.6% 1.7% % 24.9% 43.3% Europe 1.2% 0.5% 0.5% -0.3% 0.1% -0.2% 41.5% 24.4% Latin 1.9% 2.5% -0.5% 2.4% 1.6% 0.4% 4.2% 3. Middle East % 4.2% 1.9% % 11.4% North 1.3% 0.6% 0.5% 1.9% % 15.4% 16.7% International % 1.1% 0.6% 0.6% Australia 0.8% 3.1% -1.8% 3.1% Brazil 5.4% 2.8% 1.7% 3.5% China 0.8% -0.2% 0.8% 18.1% India 0.5% 2.4% -1.5% 2.7% Japan 3.5% 1.3% 1.4% 2.7% US 0.3% % 49.7% Domestic 1.2% 0.4% 0.6% -0.1% 0.9% -0.3% 100. Africa 3.8% 1.7% 1.4% 1.6% 0.3% 0.3% 2.3% 1.1% Asia/Pacific 1.6% 1.2% 0.3% 1.6% 2.1% -0.3% 26.9% 40.9% Europe 1.3% 0.6% 0.5% -0.3% 0.1% -0.2% 29.8% 21.6% Latin 2.9% % 2.6% % 5.1% 2.9% Middle East % 3.2% 1.9% 0.6% 7.3% 9.9% North 0.3% 0.2% 0.1% 1.1% 0.2% 0.3% 28.6% 23.6% Total Market 1.7% 0.6% 0.9% 0.5% 0.7% -0.1% Data are seasonally adjusted. All figures are expressed in % change month on month except, PLF pt and FLF pt which are the percentage point difference between load factors of two consecutive months. IATA Economics economics@iata.org 1 st September 2011 FURTHER ANALYSIS AND DATA Access data related to this briefing through the Route Tracker publication: IATA Economics carrier-tracker NEW RELEASE ALERTS To receive notification of new analysis from IATA Economics, select Economic Briefings from: 8
AIR TRANSPORT MARKET ANALYSIS MAY 2011
AIR TRANSPORT MARKET ANALYSIS MAY 2011 KEY POINTS May saw a renewed expansion in both air travel and freight, after a soft patch during the previous three months. Air travel volumes were 6.8% higher than
More informationAIR TRANSPORT MARKET ANALYSIS APRIL 2011
AIR TRANSPORT MARKET ANALYSIS APRIL 2011 KEY POINTS From this month we provide an assessment of global scheduled air transport markets, adding domestic to international, and including both IATA and non-iata
More informationIndex of business confidence. Monthly FTK (Billions) June 2012 vs. June 2011 YTD 2012 vs. YTD 2011 RPK ASK PLF FTK AFTK FLF RPK ASK PLF FTK AFTK FLF
Monthly RPK (Billions) Monthly FTK (Billions) Index of business confidence % change over year AIR TRANSPORT MARKET ANALYSIS JUNE 2012 KEY POINTS Air travel markets expanded in June, but the trend in passenger
More informationAIR PASSENGER MARKET ANALYSIS
Monthly RPK (Billions) Monthly FTK (Billions) Index of business confidence % change over year AIR PASSENGER MARKET ANALYSIS APRIL 2013 KEY POINTS Global revenue passenger kilometers were up 3.2% in April
More informationAIR PASSENGER MARKET ANALYSIS
Monthly RPK (Billions) Monthly FTK (Billions) Index of business confidence % change over year AIR PASSENGER MARKET ANALYSIS NOVEMBER 2013 KEY POINTS Air travel markets increased at a solid rate in November,
More informationIndex of business confidence. Monthly FTK (Billions) Aug 2013 vs. Aug 2012 YTD 2013 vs. YTD 2012 Aug 2013 vs. Jul 2013
AIR PASSENGER MARKET ANALYSIS AUGUST 2013 KEY POINTS Air travel markets expanded strongly in August. Global revenue passenger kilometers were up 6.8% compared to a year ago, an improvement on July growth
More informationIndex of business confidence. Monthly FTK (Billions) Apr 2014 vs. Apr 2013 YTD 2014 vs. YTD 2013 Apr 2014 vs. Mar 2014
AIR PASSENGER MARKET ANALYSIS APRIL 2014 KEY POINTS Growth in air travel picked-up in April, rising 7.5% compared to a year ago. This is an acceleration on March, when revenue passenger kilometers increased
More informationIndex of business confidence. Monthly FTK (Billions) Sep 2013 vs. Sep 2012 YTD 2013 vs. YTD 2012 Sep 2013 vs. Aug 2013
AIR PASSENGER MARKET ANALYSIS SEPTEMBER 2013 KEY POINTS Air travel markets expanded at a solid rate in September. Global revenue passenger kilometers were up 5.5% compared to a year ago. This is a slight
More informationAIR PASSENGER MARKET ANALYSIS
AIR PASSENGER MARKET ANALYSIS OCTOBER 2014 KEY POINTS Air travel volumes were up 5.7% in October year-on-year, slightly stronger than the September rise of 5.2%, and a continuation of the positive growth
More informationIndex of business confidence. Monthly FTK (Billions) May 2014 vs. May 2013 YTD 2014 vs. YTD 2013 May 2014 vs. Apr 2014
AIR PASSENGER MARKET ANALYSIS MAY 2014 KEY POINTS Air travel markets rose by a strong 6.2% in May compared to a year ago. Although this is slightly down on April growth of 7.6%, April was positively biased
More informationAIR PASSENGER MARKET ANALYSIS
Monthly RPK (Billions) Monthly FTK (Billions) Index of business confidence % change over year AIR PASSENGER MARKET ANALYSIS JANUARY 2014 KEY POINTS Air travel markets commenced 2014 with a strong increase
More informationAIR PASSENGER MARKET ANALYSIS MARCH 2015 KEY POINTS
AIR PASSENGER MARKET ANALYSIS MARCH 2015 KEY POINTS Global air travel rose by a strong 7.4% in March compared to a year ago, an improvement on the February result of 6.4%. The acceleration in the year-on-year
More informationAIR PASSENGER MARKET ANALYSIS SEPTEMBER 2015 KEY POINTS
AIR PASSENGER MARKET ANALYSIS SEPTEMBER 2015 KEY POINTS Global air travel rose 7.3% in September compared to a year ago. The mid-year data showed some distortion from holiday impacts, but the last couple
More informationAIR PASSENGER MARKET ANALYSIS JULY 2015 KEY POINTS
AIR PASSENGER MARKET ANALYSIS JULY 2015 KEY POINTS Global air travel rose 8.2% in July compared to a year ago, partly reflecting an upward bias due to the timing of Ramadan. But even after controlling
More informationAIR PASSENGER MARKET ANALYSIS JANUARY 2015 KEY POINTS
AIR PASSENGER MARKET ANALYSIS JANUARY 2015 KEY POINTS Global air travel was up 4.6% in January compared to a year ago, a slower start to the year when compared to the strong 5.8% expansion in 2014 overall.
More informationAIR PASSENGER MARKET ANALYSIS DECEMBER 2015 KEY POINTS
AIR PASSENGER MARKET ANALYSIS DECEMBER 2015 KEY POINTS Global air passenger traffic grew by 6.5% in 2015 as a whole the fastest pace since the post-gfc rebound in 2010 and well above the 10-year average
More informationAIR PASSENGER MARKET ANALYSIS MAY 2015 KEY POINTS
AIR PASSENGER MARKET ANALYSIS MAY 2015 KEY POINTS Global air travel rose by a strong 6.9% in May compared to a year ago. This was an acceleration on April year-overyear growth of 5.7%. Air travel was strong
More informationAIR PASSENGER MARKET ANALYSIS JUNE 2015 KEY POINTS
AIR PASSENGER MARKET ANALYSIS JUNE 2015 KEY POINTS Global air travel rose 5.7% in June compared to a year ago, a slowdown on the strong May increase of 6.9%. The deceleration is due to slower growth in
More informationPREMIUM TRAFFIC MONITOR JULY 2012
Premium Pax, Million Economy Pax, Million PREMIUM TRAFFIC MONITOR JULY 212 KEY POINTS The second half of 212 began with further signs of weakness in air travel markets. The number of passengers buying
More informationIATA ECONOMIC BRIEFING DECEMBER 2008
ECONOMIC BRIEFING DECEMBER 28 THE IMPACT OF RECESSION ON AIR TRAFFIC VOLUMES Recession is now forecast for North America, Europe and Japan late this year and into 29. The last major downturn in air traffic,
More informationPREMIUM TRAFFIC MONITOR SEPTEMBER 2013 KEY POINTS
Premium Pax, Million Economy Pax, Million PREMIUM TRAFFIC MONITOR SEPTEMBER 13 KEY POINTS Growth in premium air travel moderated in September, after a strong rise in August. International premium passenger
More informationPREMIUM TRAFFIC MONITOR SEPTEMBER 2012 KEY POINTS
Premium Pax, Million Economy Pax, Million PREMIUM TRAFFIC MONITOR SEPTEMBER 212 KEY POINTS The number of passengers travelling in premium seats was 3.8% higher in September compared to a year ago. This
More informationPREMIUM TRAFFIC MONITOR JANUARY 2013 KEY POINTS
Premium Pax, Million Economy Pax, Million PREMIUM TRAFFIC MONITOR JANUARY 213 KEY POINTS Growth in premium travel slowed in January. The number of passengers traveling in premium seats on international
More informationPREMIUM TRAFFIC MONITOR AUGUST 2012 KEY POINTS
Premium Pax, Million Economy Pax, Million PREMIUM TRAFFIC MONITOR AUGUST 212 KEY POINTS The number of passengers flying on premium seats on international markets rebounded in August, with the market 8.%
More informationPREMIUM TRAFFIC MONITOR MARCH 2009
PREMIUM TRAFFIC MONITOR MARCH 2009 KEY POINTS The fall in passenger numbers slowed in March, to a decline of 9.3% following February s 9.6% fall. However, this slowdown was entirely due to February s fall
More informationPREMIUM TRAFFIC MONITOR OCTOBER 2015 KEY POINTS
PREMIUM TRAFFIC MONITOR OCTOBER 2015 KEY POINTS Passenger travel on international markets was up 4.5% in October year-on-year, overall. For economy class travel, passenger numbers were up 4.6% but that
More informationPREMIUM TRAFFIC MONITOR AUGUST 2015 KEY POINTS
PREMIUM TRAFFIC MONITOR AUGUST 2015 KEY POINTS Passenger travel on international markets was up 5.4% in August year-on-year, reflecting strong growth on the Within Europe travel market. Both travel classes
More informationPREMIUM TRAFFIC MONITOR DECEMBER 2014 KEY POINTS
PREMIUM TRAFFIC MONITOR DECEMBER 2014 KEY POINTS International air travel recorded another moderate rise to end 2014, up 3.6% in December compared to a year ago. The annual expansion was in line with the
More informationAirlines across the world connected a record number of cities this year, with more than 20,000 city pair connections*
1 Airlines across the world connected a record number of cities this year, with more than 20,000 city pair connections*. This is a 1,351 increase over 2016 and a doubling of service since 1996, when there
More informationPREMIUM TRAFFIC MONITOR JULY 2014 KEY POINTS
PREMIUM TRAFFIC MONITOR JULY 2014 KEY POINTS Growth in international air passengers was weak for a second consecutive month with a 2.6% increase in July compared to a year ago premium seat numbers rose
More informationEconomic performance of the airline industry Mid-year 2017 update. Brian Pearce, Chief Economist, IATA
Economic performance of the airline industry Mid-year 2017 update Brian Pearce, Chief Economist, IATA www.iata.org/economics % change over previous year Index, 50 = no change in output Performance drivers
More informationPREMIUM TRAFFIC MONITOR JANUARY 2014 KEY POINTS
Premium Pax, Million Economy Pax, Million PREMIUM TRAFFIC MONITOR JANUARY 14 KEY POINTS The number of passengers traveling in premium seats on international markets expanded by a solid 6.1% in January
More informationPREMIUM TRAFFIC MONITOR APRIL 2015 KEY POINTS
PREMIUM TRAFFIC MONITOR APRIL 2015 KEY POINTS Passenger travel on international markets rose 3.8% in April compared to a year ago, slower than the 4.6% result in March. The growth trend for international
More informationQuarterly Aviation Industry Performance
Quarterly Aviation Industry Performance ALAFCO Aviation Lease and Finance Company K.S.C.P. Quarterly Aviation Industry Performance (March - June 17) Prepared by: Strategic Planning department 1 Quarterly
More informationGlobal commercial airline industry outlook March 2013 update
Global commercial airline industry outlook March 213 update Brian Pearce Chief Economist www.iata.org/economics To represent, lead and serve the airline industry Monthly RPK (Billions) Monthly FTK (Billions)
More informationIATA ECONOMICS BRIEFING AIRLINE BUSINESS CONFIDENCE INDEX OCTOBER 2010 SURVEY
IATA ECONOMICS BRIEFING AIRLINE BUSINESS CONFIDENCE INDEX OCTOBER SURVEY KEY POINTS Results from IATA s quarterly survey conducted in October show business conditions continued to improve during the third
More informationPREMIUM TRAFFIC MONITOR FEBRUARY 2015 KEY POINTS
PREMIUM TRAFFIC MONITOR FEBRUARY 2015 KEY POINTS Passenger travel on international markets rose 4.6% in February compared to a year ago, up on the 3.7% result in January; Economy class travel drove the
More informationPassenger traffic growth rate slowed to 3.6% in August; air freight volumes increased by 4.8%
Passenger traffic growth rate slowed to 3.6% in August; air freight volumes increased by 4.8% Montréal, 24 October Global airport passenger traffic lost momentum from a growth rate of 5.4% in July to 3.6%
More informationSeptember 2010 Brian Pearce To represent, lead and serve the airline industry
Cycle turns up but risks and structural challenges remain September 2010 Brian Pearce www.iata.org/economics To represent, lead and serve the airline industry Confidence was still high in July survey Airline
More informationThe outlook for commercial air transport
The outlook for commercial air transport Brian Pearce Chief Economist www.iata.org/economics To represent, lead and serve the airline industry RPKs per month, billion Demand for air travel and cargo diverge
More informationNBAA 2015 MARKET UPDATE
NBAA 2015 MARKET UPDATE November 2015 Forward-Looking Statements 2 This report contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements,
More informationIndustry Update. ACI-NA Winter Board of Directors Meeting February 3, 2016 Orlando, FL
Industry Update ACI-NA Winter Board of Directors Meeting February 3, 2016 Orlando, FL U.S. & Canadian GDP 8% 6% 4% U.S.* Canada** Estimate by BEA as of 02/11/16 2% 0% -2% -4% -6% -8% -10% The U.S. economy
More informationTourism Snapshot A focus on the markets that the CTC and its partners are active in Ontario June 2011 Volume 7, Issue 6
Tourism Snapshot Ontario A focus on the markets that the CTC and its partners are active in www.canada.travel/corporate June 2011 Volume 7, Issue 6 Key highlights In June 2011, overnight travel to Canada
More informationGregg Gildemann Market Analysis
Gregg Gildemann Market Analysis Boeing Commercial Airplanes 20 February 2018 The statements contained herein are based on good faith assumptions are to be used for general information purposes only. These
More informationIATA ECONOMIC BRIEFING FEBRUARY 2007
IATA ECONOMIC BRIEFING FEBRUARY 27 NEW AIRCRAFT ORDERS KEY POINTS New aircraft orders remained very high in 26. The total of 1,834 new orders for Boeing and Airbus commercial planes was down slightly from
More informationAirline Current Business Environment Alex Heiter
Airline Current Business Environment Alex Heiter Istanbul Technical University Air Transportation Management M.Sc. Program Network, Fleet and Schedule Strategic Planning Module 2: 28 March 2016 The underlying
More informationAir transport creates large returns for national economies but returns for airlines are unsustainably weak
Air transport creates large returns for national economies but returns for airlines are unsustainably weak Thomas S. Windmuller SVP and Corporate Secretary Theme air transport brings large economic benefits
More informationQuarterly Aviation Industry Performance
Quarterly Aviation Industry Performance ALAFCO Aviation Lease and Finance Company K.S.C.P. Quarterly Aviation Industry Performance 3Q17 (Updated November 17) Prepared by: Strategic Planning department
More informationGlobal Economic Outlook
Global Economic Outlook Brian Pearce Chief Economist Embargoed until 10:30AM CET 1 Million barrels a day US$ per barrel Are the markets signalling recession ahead? 60 55 Business confidence (left scale)
More informationUS $ 1,800 1,600 1,400 1,200 1,000
IATA ECONOMIC BRIEFING JULY 9 INFRASTRUCTURE COSTS SUMMARY Historical data indicates that during recession periods infrastructure providers usually increase their prices while other prices are falling
More informationTourism Snapshot A Monthly Monitor of the Performance of Canada s Tourism Industry
Tourism Snapshot A Monthly Monitor of the Performance of Canada s Tourism Industry January 2017 Volume 13, Issue 1 Edmonton Tourism www.destinationcanada.com Tourism Snapshot January 2017 1 KEY HIGHLIGHTS
More informationWorldwide Fleet Forecast
Worldwide Fleet Forecast Presented to: Montreal June 6, 26 DAVID BECKERMAN Director, Consulting Services Agenda State of the Industry Worldwide Fleet Regional Jets Narrowbody Jets Large Widebody Jets Freighter
More informationNBAA 2014 Business Aviation Market Update. October 2014
NBAA 2014 Business Aviation Market Update October 2014 1 Jefferies Global Industrials Conference - August 14, 2014 Forward Looking Statements This report contains forward-looking statements within the
More informationQueensland Economic Update
Queensland Economic Update Chamber of Commerce & Industry March 2018 cciq.com.au Queensland Economic Update: Summary National Accounts GDP expanded 2.3% during calendar year 2017. QLD state final demand
More informationTourism Snapshot. A focus on the markets in which the CTC and its partners are active. October 2012 Volume 8, Issue 10.
Tourism Snapshot Niagara Helicopters Tour A focus on the markets in which the CTC and its partners are active www.canada.travel/corporate October 2012 Volume 8, Issue 10 Total arrivals from CTC s international
More informationFinancial Symposium September 2018 Madrid Marriott Auditorium Hotel & Conference Center
5 World th Financial Symposium 17 20 September 2018 Madrid Marriott Auditorium Hotel & Conference Center 7 th SIS General Meeting 18 th September 2018 Madrid Marriott Auditorium Hotel & Conference Center
More informationTourism Snapshot A Monthly Monitor of the Performance of Canada s Tourism Industry
Tourism Snapshot A Monthly Monitor of the Performance of Canada s Tourism Industry February 2017 Volume 13, Issue 2 www.destinationcanada.com Tourism Snapshot February 2017 1 KEY HIGHLIGHTS Canada welcomed
More informationHappy Jetting. A Conversation With Dave Barger, President And Chief Executive Officer, JetBlue Airways, Page 14.
A MAGAZINE FOR AIRLINE EXECUTIVES 2009 Issue No. 2 Taking your airline to new heights Happy Jetting A Conversation With Dave Barger, President And Chief Executive Officer, JetBlue Airways, Page 14. 11
More informationJuly 2017 Travel Briefing: Air Passenger Traffic Hotel Occupancy Tax-Free Shopping
July 2017 Travel Briefing: Air Passenger Traffic Hotel Occupancy Tax-Free Shopping Key Trends in Air Passenger Traffic, Hotel Occupancy and Tax-Free Shopping in July 2017 Growth in international air passenger
More informationAirline financial performance
Airline financial performance 30 March 2017 Brian Pearce Chief Economist, IATA www.iata.org/economics Airline Industry Economics Advisory Workshop 2016 1 The air transport paradox Source: McKinsey presentation
More informationRobust passenger traffic growth; freight volumes reach 3-month peak with double-digit growth
Robust passenger traffic growth; freight volumes reach 3-month peak with double-digit growth Montréal, 27 October Global passenger traffic increased 6.7% in August and 6.8% year to date. Global freight
More informationTourism Snapshot. A focus on the markets in which the CTC and its partners are active. January 2013 Volume 9, Issue 1.
Tourism Snapshot Nathan Phillips Square Skating Rink at City Hall Francisco Pardo A focus on the markets in which the CTC and its partners are active www.canada.travel/corporate January 2013 Volume 9,
More informationSteve Hahn. Current Market Outlook. Director, Japan Enterprise Technology Programs. Boeing Commercial Airplanes July 2014.
Current Market Outlook 2015 Boeing Commercial Airplanes July 2014 The statements contained herein are based on good faith assumptions and are to be used for general information purposes only. These statements
More informationBiggest challenges coming 2018
Biggest challenges coming 2018 Oil prices still increasing Heightened Competition Uncertain Political Environment Labor Costs increasing $ Reducing debt Despite these challenges Demand all time high Improving
More informationState of the Aviation Industry
State of the Aviation Industry Presentation to the ACI Airport Economics & Finance 10 th 11 th February London, United Kingdom Laurie N. Price Director of Aviation Strategy Mott MacDonald Aviation Current
More informationCARGO E-CHARTBOOK Q4 2010
CARGO E-CHARTBOOK Q4 1 KEY POINTS Whilst concerns over a possible double dip continue to recede, there are marked differences in the rates of economic growth both between as well as within regions, which
More informationIATA ECONOMICS BRIEFING
IATA ECONOMICS BRIEFING NEW AIRCRAFT ORDERS A POSITIVE SIGN BUT WITH SOME RISKS FEBRUARY 26 KEY POINTS 25 saw a record number of new aircraft orders over 2, for Boeing and Airbus together even though the
More informationPassenger Traffic Expands by 4% for the Month of June
Passenger Traffic Expands by 4% for the Month of June Montréal, 6 August Passenger traffic continued along its growth path for the month of June. In the first half of, the number of passengers passing
More informationRobust passenger traffic gains amidst economic and political uncertainty; air freight volumes surged over 8.0% in November Montréal, 19 January 2017
Robust passenger traffic gains amidst economic and political uncertainty; air freight volumes surged over 8.0% in November Montréal, 19 January 2017 For the 11 months through November 2016, global passenger
More informationWorld Air Transport Statistics. Special AGM Edition WORLD AIR TRANSPORT SUMMIT
World Air Transport Statistics Special AGM Edition WORLD AIR TRANSPORT SUMMIT 61 st IATA ANNUAL GENERAL MEETING TOKYO, 29-31 MAY 2005 World Air Transport Statistics Ref. No: 9011-AGM 2005 International
More informationAir transport demand shows continued resilience despite geopolitical pressure as passenger and freight traffic grow
Air transport demand shows continued resilience despite geopolitical pressure as passenger and freight traffic grow Montreal, 7 August 2018 Airports Council International (ACI) World reported global passenger
More informationAirline industry outlook remains fragile
Airline industry outlook remains fragile June 2009 www.iata.org/economics To represent, lead and serve the airline industry Airline industry outlook remains fragile Green shoots starting to appear Recovery
More informationAIR CARGO RECOVERY DRIVERS AND ROADBLOCKS Airports Council International North America Calgary
AIR CARGO RECOVERY DRIVERS AND ROADBLOCKS Airports Council International North America Calgary DAN MUSCATELLO Landrum & Brown September 9, 0 Metric Tons (in millions) GLOBAL AIR CARGO VOLUMES Global air
More informationAirport passenger traffic reaches new heights in 2017; air freight posts heftiest gain since the recovery following the Great Recession
Airport passenger traffic reaches new heights in 2017; air freight posts heftiest gain since the recovery following the Great Recession Montreal, 28 February 2018 Airports Council International (ACI) World
More informationTourism Snapshot A focus on the markets that the CTC and its partners are active in
Tourism Snapshot A focus on the markets that the CTC and its partners are active in www.canada.travel/corporate February 2011 Volume 7, Issue 2 Key highlights In the first two months of 2011 overnight
More informationDomestic, U.S. and Overseas Travel to Canada
Domestic, U.S. and Overseas Travel to Canada Short-Term Markets Outlook Second Quarter 2007 / Executive Summary Prepared for: The Canadian Tourism Commission (CTC) By: February 2007 www.canada.travel Background
More information2012 Result. Mika Vehviläinen CEO
2012 Result Mika Vehviläinen CEO 1 Agenda Market environment in Q4 Business performance and strategy execution Outlook Financials 2 Market Environment According to IATA, Global air travel continues to
More informationBuffalo and New York City Since the Great Recession
Buffalo and New York City Since the Great Recession for the Workshop on Economic Restructuring in the Rust Belt, Buffalo New York Cornell University Worker Institute James A. Parrott, Dir., Economic &
More informationPassenger traffic ends the year strong as air freight shows signs of a revival
Passenger traffic ends the year strong as air freight shows signs of a revival Montréal, 11 February 2014 Global passenger traffic ended the year strong with yearover-year growth of over 6% for the month
More informationTourism Snapshot A Monthly Monitor of the Performance of Canada s Tourism Sector
Tourism Snapshot A Monthly Monitor of the Performance of Canada s Tourism Sector December Volume 14, Issue 12 www.destinationcanada.com Tourism Snapshot December 1 Newfoundland and Labrador Tourism KEY
More informationTourism Snapshot A focus on the markets in which the CTC and its partners are active
Tourism Snapshot A focus on the markets in which the CTC and its partners are active www.canada.travel/corporate January 214 Volume 1, Issue 1 Key highlights Total arrivals from CTC s international markets
More informationANA Holdings Financial Results for the Third Quarter of FY2013
ANA HOLDINGS NEWS ANA Holdings Financial Results for the Third Quarter of FY2013 TOKYO January 31, 2014 - ANA Holdings (hereafter ANA HD ) today reports its consolidated financial for the third quarter
More informationDubai Airshow 2013 Business Aviation Market Update
Dubai Airshow 2013 Business Aviation Market Update Rob Wilson, President, Business & General Aviation MEBAA General Assembly November, 2013 2013 Business Aviation Outlook 27th year of survey, 22nd public
More informationAtlas Air Worldwide. Celebrating 25 Years in Anchorage. August 2017
Worldwide Celebrating 25 Years in Anchorage August 2017 Worldwide Ownership 100% Ownership 51% (49% DHL) Ownership 100% Ownership 100% We manage diverse, complex and time-definite global networks We deliver
More informationANA Holdings Financial Results for FY2013
ANA HOLDINGS NEWS ANA Holdings Financial Results for FY2013 TOKYO April 30, 2014 - ANA Holdings (hereafter ANA HD ) today reports its consolidated financial for fiscal year 2013 (April, 2013 March, 2014).
More informationMarket Outlook. Michael Warner, Director Market Analysis. Boeing Commercial Airplanes October October 7 10, 2012 Atlanta, Georgia, USA
Market Outlook Michael Warner Director, Market Analysis Boeing Commercial Airplanes October 2012 Agenda Aviation environment Current products Product strategy & development 2012 719 net orders through
More informationNatWest UK Regional PMI
NatWest UK Regional PMI Embargoed until 0101 UK (0101 UTC) 14 January 2019 East Midlands is top performing region in 2018 despite strong finish from the North West Key Findings 2018 ends with North West
More informationTOURISM BUSINESS COUNCIL OF SOUTH AFRICA TRENDS AND INDICATORS REPORT. March 2018
TOURISM BUSINESS COUNCIL OF SOUTH AFRICA TRENDS AND INDICATORS REPORT March 2018 Compiled by: Ms. Tebogo Umanah General Manager: Policy Analysis and Strategic Projects March 2018 Page 1 CONTENTS INTRODUCTION...
More informationTOURISM BUSINESS COUNCIL OF SOUTH AFRICA TRENDS AND INDICATORS REPORT. May 2018
TOURISM BUSINESS COUNCIL OF SOUTH AFRICA TRENDS AND INDICATORS REPORT May 2018 Compiled by: Ms. Tebogo Umanah General Manager: Policy Analysis and Strategic Projects May 2018 Page 1 CONTENTS INTRODUCTION...
More informationEconomic Performance of the Airline Industry
Economic Performance of the Airline Industry Airline Cost Conference 25 th August 2015 Brian Pearce, Chief Economist www.iata.org/economics To represent, lead and serve the airline industry number of airlines
More informationGlobal Market Forecast Presented by: JOHN LEAHY COO, Customers
Global Market Forecast 2012-2031 Presented by: JOHN LEAHY COO, Customers Global Market Forecast 2012: Highlights GMF 2012 key numbers and 20-year change World Fleet Forecast 2011 2031 % Change RPK (trillions)
More informationTourism Snapshot. June 2015 Volume 11, Issue 6. A focus on the markets in which Destination Canada (DC) and its partners are active.
Tourism Snapshot Tourism PEI / Paul Baglole A focus on the markets in which Destination Canada (DC) and its partners are active. www.destinationcanada.com June Volume 11, Issue 6 Key highlights Over the
More informationWorld & Regional Capacity Analysis Ali Hajiyev
World & Regional Capacity Analysis Ali Hajiyev Istanbul Technical University Air Transportation Management M.Sc. Program Network, Fleet and Schedule Strategic Planning Module 3: 28 March 2016 Global Copyright
More informationPreliminary data reveals global passenger traffic up by over 5% in 2014; air freight volumes rise in tandem after three years of stagnating growth
Preliminary data reveals global passenger traffic up by over 5% in 2014; air freight volumes rise in tandem after three years of stagnating growth Montréal, 11 February 2015 Global passenger traffic ended
More informationTourism Snapshot A Monthly Monitor of the Performance of Canada s Tourism Industry
Tourism Snapshot A Monthly Monitor of the Performance of Canada s Tourism Industry December Volume 12, Issue 12 Michelle Valberg www.destinationcanada.com Tourism Snapshot December 1 KEY HIGHLIGHTS With
More informationAirbus market forecast for India. Presented by Joost van der Heijden Head of Airline Marketing India, South-East Asia, Japan & Africa
Airbus market forecast for India Presented by Joost van der Heijden Head of Airline Marketing India, South-East Asia, Japan & Africa The Airbus product line A380 Family A350 Family A330 Family A320 Family
More informationGlobal passenger traffic jumps up by 6%; air freight volumes on pace with overall growth trend for October
Global passenger traffic jumps up by 6%; air freight volumes on pace with overall growth trend for October Montréal, 11 December 2014 For the period of January to October 2014, accumulated passenger traffic
More informationSLOW GROWTH OF SOUTHERN NEVADA ECONOMY
NEVADA S ECONOMY A monthly report produced for Commerce Real Estate Solutions by Stephen P. A. Brown, PhD, Center for Business & Economic Research, University of Nevada, Las Vegas To receive an electronic
More informationTourism Performance Report Q1 2018
Tourism Performance Report Q1 2018 Introduction Qatar welcomed 535,302 visitors* in the first quarter of 2018, representing a 38% decline compared to the same quarter in 2017. This decline comes as a result
More informationAircraft industry takes off while air transport remains grounded
Aircraft industry takes off while air transport remains grounded Ludovic Subran, Chief Economist Aéronautique: l industrie en mode supersonique, le transport en mode planeur Yann Ludovic Subran, Lacroix,
More information