KUALA LUMPUR, Aug 19 (Bernama) -- Global air passenger traffic growth, measured in revenue passenger kilometres (RPKs), rose 4.6 per cent year-on-year (y-o-y) in June 2019, continuing the stronger performance of the past two months, said the International Air Transport Association (IATA).
In its June-July 2019 Airlines Financial Monitor report released today, IATA, however, said the 4.6 per cent y-o-y growth was below historical average of 5.5 per cent.
"We remain cautious about the continuation of the trend, given the volatility in the monthly data and the downside risks to the global outlook," it said.
On the other hand, IATA said seasonally adjusted air freight tonne kilometres declined in June 2019 after three consecutive monthly increases.
"The fall came mostly from additional tariff rises in the ongoing US-China trade dispute, but also from the moderation in economic growth," it said, expecting the freight outlook to be fragile.
Meanwhile, IATA said premium-class passengers accounted for 3.9 per cent of total international origin-destination traffic between January and May 2019 versus 4.1 per cent a year ago, while revenues from premium-class passengers improved by 0.3 percentage points to 27.4 pert cent of international passenger revenues.
"Premium passenger traffic growth outperformed its economy counterparts in the North Atlantic and North-Mid Pacific regions which are the largest premium markets in terms of revenue.
"While within Asia and Europe, both premium passenger and fare growth rates were below economy class, stemming from the highlighted concerns regarding global trade," it said.
On seat capacity, IATA said it continued to recover in July as airlines matched the demand in the peak season, with the number of available seats in the global airline fleet increased in the third consecutive month (0.9 per cent month-on-month) in July 2019.
However, 91 aircraft were delivered in the month compared with 122 in the same period a year ago, 161 returned to the fleet from storage, while 42 left the fleet, hence, net storage activity made a positive contribution to fleet growth, it said.
All in all, the number of aircraft delivered from the beginning of the year until July was lower at 641 compared with 820 in the same period last year, it added.