This was the fourth consecutive month of double-digit year-over-year growth for the region as the region’s economies are comparatively well-placed to withstand plunging oil revenues. Capacity rose 13.9% and load factor fell 1.4% points to 70.1%.
Global passenger traffic continued to show healthy demand in November 2014 with an increase of 5.4% compared to the year-ago period.
Total revenue passenger kilometers (RPKs) rose 6% compared to November 2013, which was ahead of the 5.7% year-over-year growth recorded in October as well as the 10-year average growth rate of 5.6%. November capacity expanded by 5.4%, leading to a 0.5% rise in the load factor to 76.7%.
Growth was driven primarily by domestic markets which experienced a 6.9% increase in demand over the previous November (an acceleration over the 5.3% year-to-date average for domestic travel). Chinese domestic travel (which rose 15.4% over the previous November) was the main contributor to this growth.
Meanwhile, international travel experienced a slight deceleration in growth towards the end of the year.
“November demand was healthy, but the overall picture is mixed. For example, strong traffic performance within China and India has not carried over into international demand for Asia-Pacific carriers. And while lower oil prices should be positive for economic activity, softening business confidence is having a dampening effect on international travel,” said Tony Tyler, IATA’s Director General and CEO.
International capacity rose 5.9% and the load factor dipped 0.3% to 75.1%. All regions except Africa recorded year-over-year increases in demand. However, compared to October, most regions reported slower demand growth for November.