Growth in passenger flights is slowing down

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Global demand for air travel has risen in March, but at the slowest rate of growth in nine years. This is reported by trade association IATA.

Passenger transport by plane increased by 3.1 percent on an annual basis. Demand for air travel rose by 5.3 percent in February. Capacity utilization, an important measure of efficiency in aviation, fell slightly to 81.7 percent.

The weaker growth is, according to IATA, among other things due to the timing of Easter. The busy holiday flyer period fell later in the year than in 2018. CEO Alexandre de Juniac does not want to see March as a precursor to a bad 2019. Nevertheless, according to him, circumstances have deteriorated slightly for the aviation sector due to slower predicted economic growth.

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Lesley Woutersen

Lesley Woutersen, one of the co-founders of the EconomicInform gives away all of his free time to the project. He is interested in stock exchange and digital assets. Lesley can be reached by [email protected]

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