The Strategist

Growth of passenger air traffic in January becomes the weakest since 2010

03/05/2020 - 08:57

The growth rate of global passenger air transportation in January was the weakest since spring 2010, when the industry was affected by the eruption of the Icelandic volcano Eyjafjallajökull. Now the industry is restrained by the spread of coronavirus from China, according to a press release from the International Air Transport Association (IATA).

The growth rate was only 2.4% year on year after 4.6% in December. "The growth for the reporting month was the weakest since April 2010, when the crisis associated with volcanic ash clouds in Europe resulted in a significant closure of airspace and cancellation of flights," the release reads. Including the growth in international passenger traffic in January amounted to 2.5%, and domestic - 2.3%.

January figures were just the tip of the iceberg in terms of the impact on the industry of the outbreak of the Chinese coronavirus COVID-2019, even taking into account the fact that the main transport restrictions in China entered into force no earlier than January 23, said IATA CEO Alexandre de Juniac, whose words are given in the message.

Thus, according to IATA in the regional context, only 0.4% of the increase was in the Asia-Pacific region (APR), which occupies a third of the market. In addition, passenger transportation in Latin America increased by the same amount, by 1.6% in Europe, 5.2% - in Africa, 5.7% - in North America and 5.9% - in the Middle East.