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Iata reports October dip in global airline passenger demand

Global airline passenger demand fell back in October from the previous month, latest Iata data shows.

Demand in October rose 5.8% compared to the same month last year but represented a slowdown on the 7.1% year-on-year growth rate recorded in September.

Capacity grew by 6.3% in the month but the load factor slid 0.4 percentage points to 80.1%.

Iata director general and chief executive Alexandre de Juniac said: “Passenger demand growth in October was consistent with long-term trends but represented a deterioration compared to September.

“While the negative traffic impact from terror attacks and political instability in parts of the world has receded, the long downward trend in yield – which helped to stimulate travel – has leveled off.

“Furthermore, the recent OPEC agreement to restrict oil production suggests fuel prices have ended their slide.”

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