BREAKING NEWS:

Private funding required for Africa’s $47bn pipeline of priority power projects…. SABMiller CEO's successor to get less boost from deals……Shoprite continues strong growth curve………… Absa, Barclays win ‘deal of the year’ award……….. South African Airways expected to make further losses — acting CEO…… HTC unveils new flagship smartphone, HTC One…

Friday, February 7, 2014

African airlines see 5.5% increase in demand




AFRICAN airlines’ international passenger demand increased by 5.5% year-on-year during 2013, the International Air Transport Association (Iata) said on Thursday.
This increase was slightly above the global average of 5.4%; however, it was lower than the continent’s 7.5% year-on-year growth of 2012.

“Overall, the demand environment is strong, with robust economic growth of local economies and continued development of internationally trading industries.
“However, some parts of the continent have shown weakness, including South Africa, which recently experienced a slowdown in its economy, with a corresponding impact on the demand base for international air travel,” Iata said.
African airlines’ capacity, with regard to international flights, also increased by 5.2%, with the load factor rising by 1.9 percentage points to 69%, which was the lowest among the regions monitored by Iata.
Meanwhile, Iata said overall full-year traffic results – including international and domestic figures – showed a 5.2% increase in passenger demand, which aligned with the average yearly growth rate of the past 30 years, while Africa’s overall growth also amounted to 5.2%.
Global capacity rose by 4.8% and the load factor averaged 79.5%, which was a 4% increase on 2012.
“We saw healthy demand growth in 2013 despite the very difficult economic environment. There was a clear improvement trend over the course of the year, which bodes well for 2014. Last year’s demand performance demonstrates the essential and growing role that aviation-enabled connectivity plays in our world. And, with system-wide load factors at 79.5%, it is also clear that airlines are continuing to drive efficiencies to an ever-higher level,” Iata director-general and CEO Tony Tyler said.

No comments:

Post a Comment