KUALA LUMPUR, Feb 14 (Bernama) -- The International Air Transport Association (IATA) anticipates industry-wide revenue passenger kilometres (RPKs) to maintain solid growth momentum this year alongside buoyant economic conditions.
RPKs increased 7.6 per cent year-on-year in 2017 as a whole with another year of above-trend growth that was well ahead of the ten-year average pace of 5.5 per cent.
"Nonetheless, we expect a moderate slowdown in passenger growth in 2018 as stimulus to demand from lower airfares fades," IATA said in a statement today.
Passenger load factor posted an 81.4 per cent growth in 2017, while the freight load factor climbed by 2.5 percentage points compared to 2016.
Stronger global trade conditions have helped support premium-class demand and its share of total international passenger revenue increased to 27 per cent in the first 11 months of 2017, up from 25.9 per cent in 2016.....