International Air Transport Association (IATA) global passenger traffic results for May showed demand, measured in revenue passenger kilometres, rose 6.1 percent compared to the same month in 2017.
This also presented a slight pickup from six percent year-over-year growth for April this year. Capacity climbed 5.9 percent and load factor rose 0.1 percent to 80.1 percent.
Alexandre de Juniac, CEO, IATA, elaborated, "May was another solid month in terms of demand growth. As had been expected, we saw some moderation, as rising airline costs are reducing the stimulus from lower airfares.”
He noted jet fuel prices in particular are expected to be up nearly 26 percent this year compared to 2017 but, nevertheless, the record load factor for May signified strong demand for air connectivity.