Growth of passenger air travel slowed by 4.2% in the world in 2019

In 2019, the growth rate of global passenger air travel reduced by 4.2% year on year after 7.3% in 2018, Prime reported with reference to the data published by the International Air Transport Association (IATA).

The organization notes that 2019 was the first year since the financial crisis of 2009, when passenger traffic growth was below the long-term trend of 5.5%. In December, growth was 4.5%, as compared to November ones at 3.3%.

Alexandre de Juniac, CEO, IATA, said, “Airlines did a good job to maintain lasting growth last year amid many difficulties. Weaker economic conditions, low global trade activity, political and geopolitical tensions put pressure on demand.”

In 2019, the growth in international passenger traffic amounted 4.1%, and domestic ones – 4.5%. In December, growth was 3.8% and 5.8%, respectively.

According to IATA for December in the regional context, the highest growth rate was observed in the countries of North America – by 8.6%, in the countries of the Middle East – by 5.9%, in Africa – by 5.4%. In the Asia-Pacific region (APR), growth amounted 3.5%, in Europe – 2.5%, in Latin America the increase reached 1.5% only.

Source – https://www.aex.ru/

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