IATA: Air Transport Market Analysis - November 2011

The year-on-year comparison shows 4.3 percent growth for passenger travel, relative to 3.6 percent in October



Released 30 December 2011


Key points from our full report on
air transport markets in November:

 

  • Passenger air travel fell in November and air freight markets have remained weak compared to levels reached earlier in the year;
  • Total passenger RPKs contracted by 0.5% from October;
  • The year-on-year comparison shows 4.3% growth for passenger travel, relative to 3.6% in October - but this acceleration in growth is not representative of actual performance, the comparison is being made with a weak November last year;
  • International markets were weaker in November than domestic markets - international markets contracted 1.5% compared to October, while domestic markets grew 1.3%;
  • Passenger load factors fell significantly in international markets in November, increasing the difficulty for airlines to sustain the unit revenues achieved in Q3;
  • Freight market conditions continue to deteriorate with load factors now 6 percentage points lower than their peak in mid-2010, and RPKs 4% lower than the high in January;
  • Business confidence remains low; the outlook indicates that further weakening of passenger and freight markets is likely in the months ahead.

We Recommend