Air Passenger Market Analysis - July 2014 Released 3rd September 2014 Key points from our full report on air passenger markets in July: Air travel volumes rose by a strong 5.3% in July year-on-year, a slight pick-up on the June 4.6% increase; After a slowdown in the growth trend in Q1, air travel volumes have been expanding solidly over recent months; Measures of economic activity show improvement in several key regions, including Asia Pacific; Airlines in Asia Pacific recorded a 5.6% rise in international RPKs, with the Chinese economy and regional trade improving; European airlines saw a similar increase in international travel (5.3%); But weakness in key economies like Germany due to the Russia-Ukraine crisis could threaten demand going forward; Domestic air travel in Russia continues to increase at near double-digit rates, supported by reduction in fares; Industry load factors remain high but have shown slight decline throughout 2014 due to strong expansion in capacity; The outlook for air travel remains broadly positive, despite recent adverse developments in some regions; Global business activity at the start of Q3 is in line with the 4 month high reached in June; Moreover, although weakness has crept into the Eurozone recovery, there are signs of improvement in emerging markets like China.
Posted on: Wed, 03 Sep 2014 09:50:26 +0000
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