Strong results for airlines in July, cautious view for the fall
IATA reports total revenue passenger kilometers increased 8.2% Y/Y in July.The mark is an acceleration from the 5.5% growth seen in June. The timing of Ramadan impacted results.
International traffic was up 8.6% with broad gains across geographic divisions. Asia-Pacific RPKs were up 8.5% to top the capacity growth in the region. Load factors also increased in Europe and North America during the month.Despite the strong read from IATA for July, the forecast for the fall is shakier. "Following a strong summer the outlook heading into autumn is unsettled to say the least," warns the industry watcher.
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