🔴 LIVE: The Secrets of ProPicks AI Success Revealed + November’s List FREEWatch Now

Global air passenger demand rises 6.8 percent in March: IATA

Published 05/04/2017, 06:51 AM
© Reuters.  Global air passenger demand rises 6.8 percent in March: IATA

(Reuters) - Global demand for air travel rose 6.8 percent in March as lower fares and improving economies continued to support growth through the first quarter, the International Air Transport Association (IATA) said on Thursday.

The association said that it will have to wait for the April data to see the impact of restrictions on large electronic devices in the cabin on certain direct flights to the U.S. and Britain.

The restrictions, on flights from predominantly Middle East countries, were brought in by U.S. and British authorities in late March.

However, traffic growth at the Middle East carriers slowed to 4.9 percent in March, against 9.5 percent in February as the low oil price took its toll on demand.

"This is related more to developments seen last year, while any impacts from the laptop ban will be visible from April results onward," IATA said in a statement.

Globally, capacity measured in available seat kilometers rose 6.1 percent, slower than demand. That meant load factors - a measure of how full planes are - increased 0.5 percentage points to 80.4 percent, which IATA said was a record for the month of March.

(Reported by Evangelo Sipsas; Editing by Victoria Bryan)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.