AFRICANGLOBE – A recent report released by the International Air Travel Association (IATA) reveals Africa recorded the second-highest passenger increase in the world in February.
According to IATA, the number of passengers rose by 7.7 percent in February compared with February 2012 while capacity rose by 3.9 per cent, boosting the load factor by 2.3 percentage points to 65.2 per cent.
Meanwhile, Middle East carriers emerged the strongest among all global regions as it saw year-on-year passenger growth demand expand by 10.6 per cent in February. Regional carriers in Latin American, Asia-Pacific, Europe and North America recorded 7, 4.5, 0.8 and 0.3 percent growth respectively.
Globally, the total demand for air travel rose by 3.7 percent in February but the report indicated that passengers’ demand has been growing at an annual rate of 9 percent since October 2012 – almost double the rate during the first nine months of the previous year.
Since January this year to date, international traffic has gone up 3.6 percent, domestic traffic 2.4 percent and the total market 3.1 percent.
The rise, IATA said, is due to stronger business optimism, particularly in emerging markets.
“Demand for air travel continues to rise on economic optimism and improved business confidence,” IATA Chief Executive Tony Tyler said.
He added that “Much of the growth is concentrated on emerging markets.”