Friday 10 July 2020

Lower airfare boosts air travel demand in 2015

FRANKFURT, February 4, 2016

A slide in airfare by 5 per cent year-on-year bolstered demand for air travel in 2015, even as economic fundamentals weakened, the International Air Transport Association (Iata) said on Thursday.

Demand for air travel, measured in revenue passenger kilometers, rose 6.5 per cent in 2015, Iata said in its regular monthly traffic figures on Tuesday.

But on a monthly basis, the growth rate slowed toward the end of the year, coming in at 5.4 per cent in December compared with 5.9 per cent in November and 7.1 per cent in October. – Reuters

Tags: Iata | Air travel | Airfare |

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