“This is in line with slumping global trade, rising trade tensions and weakening business confidence.” Nigeria
This is in line with the revised April traffic growth of 4.4 per cent and above the recent trough of 3.1 per cent year-on-year growth recorded in March. However, it remains below the 20-year average growth rate of around 5.5 per cent.
Traffic between Africa and Europe continues to expand strongly, but economic growth in South Africa – a key regional economy and air transport market– contracted sharply in the first quarter and this is adversely impacting air passenger demand.IATA’s Director General and Chief Executive Officer , Alexandre de Juniac, said passenger demand growth, indeed, slowed compared to the past two years.
International traffic demand rose 4.3 per cent in May over the year-ago period, which was down from 5.1 per cent growth in April. All regions recorded growth, led by airlines in Latin America. Total capacity climbed 2.1 per cent, with load factor jumping 1.7 percentage points to 80.4 per cent.
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