Air Passenger Market Analysis - August 2014 Released 2nd October 2014 Key points from our full report on air passenger markets in August: Air travel volumes were up by a strong 5.9% in August year-on-year, a pick-up on July when RPKs rose 5.4%; The strength of air travel demand is consistent with signs of better economic performance in some regions; International RPKs were up 6.7% in August, supported by air travel on Asia Pacific airlines; Local carriers have benefited from increasing Emerging Asia trade activity and limited downward pressure from China; Demand for air travel on Europeans carriers remains strong, but latest indicators show weakness in the Eurozone economic recovery; Domestic RPKs rose 4.5% in August year-on-year; but there was plenty of variation in performance among markets; The Russian market increased by a strong 10.1%, supported by reduction in fares; By contrast, domestic RPKs in Japan increased only 1.5%, as the economy adjusts to sales tax implementation; Industry load factors increased in August but the 2014 trend remains slightly negative due to strong capacity growth; The outlook for air travel remains broadly positive, despite the emergence of some downside risk; Improvements in the US and careful management of the Chinese economy will likely help offset emerging downward pressure from other regions, including Europe.
Posted on: Thu, 02 Oct 2014 10:16:18 +0000
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