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Air Transport Market Analysis - November 2010

posted Dec 30, 2010, 10:33 PM by Rowan Hewitt

Released 30 December 2010

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



  • Growth rates for passenger and freight traffic stepped down in November, but still little sign of any broader slowdown as yet;
  • Air travel volumes (RPKs) were 8.2% higher than November last year, down on the 10% increase in October;
  • This was due to combined effect of the strength of recovery this time last year as well as a 0.8% fall in RPKs compared to October's level;
  • However, even with the dip in November, annualized growth so far this year is 6% - in line with historical growth trends;
  • Air freight growth rates (FTKs) also stepped down with November's result of 5.4% well below the 14.5% recorded for October;
  • This reduction in growth rate was driven (as with the passenger result) by exceptionally strong growth in November last year and by a fall in absolute terms of just over 1% for the month;
  • Freight volumes have fallen back from the new peak seen in May this year as stimulus from restocking activity has tailed off;
  • Even so, annualized growth in freight traffic so far this year is still in line with historic trends;
  • Passenger load factors continue to hold steady in the 78-79% range, while freight utilization is slipping slowly - although is still at fairly high levels by historical standards;
  • Regional variation is evident but emerging market momentum should mean the current expansion in air travel and freight traffic has further to run.

- IATA Economics -