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International Air Transport Association (IATA) revealed that in May, global revenue passenger kilometres rose 7.7 percent over the same month in 2016, which although slower than the 10.9 percent increase observed in April, it is ahead of the five- and 10-year average growth rates.

Capacity jumped 6.1 percent year-on-year, while load factor climbed 1.2 percentage points to 80.1 percent.

All regions, excluding the Middle East and North America posted record-high May load factors.

Alexandre de Juniac, director general, IATA, noted, “[...] We do not foresee any weakening over the busy summer months in the northern hemisphere. But the rising price of fuel and other input costs is likely to see airlines’ ability to stimulate markets with lower fares taper over the coming months.”