Provisional results for November 2003 show a sustained increase in industry traffic for a third …
Provisional results for November 2003 show a sustained increase in industry traffic for a third consecutive month. Both passenger traffic and capacity indicate a positive year-on-year trend. The freight market has continued to hover at a 2% growth rate in the last four months. It is anticipated that the industry will close out the 2003 year at a slightly lower passenger level than seen in 2002. November 2003 saw scheduled passenger traffic grow by 5.9% year-on-year (in RPK terms) as compared to an increase of 2.5% in October.
Asia-Pacific carriers are recovering from the SARS outbreak having recorded positive figures for a second consecutive month. Both RPKs and ASKs are up, 3.9% and 1.7% respectively. The North American region has had its first upward climb in passenger traffic since January 2003 with reported RPKs 2.7% greater than for the same month last year. European airlines continued the encouraging growth trend started in July with November RPKs up 8.0%. The most impressive performance again came from Middle East carriers where RPKs grew 22.9%.
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Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
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