Business World

Worldwide passenger air traffic up slightly to 6%, boosted by low-cost carriers — ICAO

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MONTREAL — Worldwide passenger air traffic grew again last year, albeit at a slightly slower pace, led by the dynamic growth of low-cost air carriers, the Internatio­nal Civil Aviation Organizati­on (ICAO) reported Monday.

A total of 3.7 billion passengers were transporte­d by the world’s airlines last year, a 6% increase from 2015. That was just under the previous year’s 7.1% rise, the United Nations agency said.

Growth was most pronounced in the Middle East (11.2%), Asia (8%), Latin America (6.5%) and Africa (5.7%), while it was slower in Europe ( 4.3%) and North America (3.5%).

“Over half of the world’s tourists who travel across internatio­nal borders each year were transporte­d by air,” the Montrealba­sed agency noted in a statement.

Low- cost carriers accounted for 28% of all passenger air traffic. Passing a milestone, they transporte­d more than one billion passengers for the first time.

In Europe, low- cost carriers transporte­d nearly a third of all passengers, slightly more than the 31% in Asia or North America’s 25%.

“The increasing presence of low- cost carriers notably in emerging economies contribute­d to the overall growth of passenger traffic,” the ICAO said.

As for scheduled domestic flights, North America accounted for 43% of the total, up 4.3% from the previous year, while domestic traffic in Asia was up 10%, largely due to growth in India and China.

Increased traffic and significan­tly lower fuel costs helped boost airlines’ operating profits, which the ICAO put at $60 billion for last year, some $2 billion more than in 2015.

“More than a third of the profits are expected to come from the carriers of North America, whose domestic market represents 66% of their total operations,” the agency reported. —

 ??  ?? THIS file photo taken on Dec. 20, 2016 shows holiday travelers waiting in line to go through the security checkpoint at the Los Angeles Internatio­nal Airport, California. Worldwide passenger air traffic grew again last year, albeit at a slightly slower...
THIS file photo taken on Dec. 20, 2016 shows holiday travelers waiting in line to go through the security checkpoint at the Los Angeles Internatio­nal Airport, California. Worldwide passenger air traffic grew again last year, albeit at a slightly slower...

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