HEALTHY REV­ENUE AN­NOUNCED

Sunday Tribune - - BUSINESS REPORT -

THE IN­TER­NA­TIONAL Air Trans­port As­so­ci­a­tion (Iata) an­nounced healthy but mod­er­at­ing global pas­sen­ger traf­fic re­sults for Novem­ber 2018. To­tal rev­enue pas­sen­ger kilo­me­tres rose 6.2 per­cent com­pared to Novem­ber 2017, a slight de­cel­er­a­tion from 6.3 per­cent growth in Oc­to­ber. Ca­pac­ity in­creased by

6.8 per­cent over the year-ago pe­riod, and load fac­tor dipped 0.4 per­cent­age points to 80 per­cent. It was only the third time in two years that load fac­tor fell on a yearon-year ba­sis. “Traf­fic is solid. But there are clear signs that growth is mod­er­at­ing in line with the slow­ing global econ­omy,” said Alexan­dre de Ju­niac, Iata’s chief ex­ec­u­tive. | www.iol.co.za

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