Demand Growth Strengthens in November

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The International Air Transport Association (IATA) announced global passenger traffic results for November 2017 showing continued robust demand. Total revenue passenger kilometers (RPKs) rose 8.0% compared to November 2016, the fastest growth rate in five months and up from a 7.3% year-over-year rise in October . The airline industry is in a good place entering 2018. November’s strong demand gives the industry momentum. Passengers not only have more travel choices than ever, the cost of travel in real terms has never been cheaper. Along with delivering great value to consumers, airlines are rewarding their shareholders with normal levels of profitability. Expected 2018 to be the fourth year in a row where the industry’s return on invested capital will exceed the cost of capital. In sum, The airline industry begins the New Year with confidence.

Collected and summarized from the source below by Quynh Hoa