However, temporary factors had an impact on the traffic. IATA estimates the impact of the later Lunar New Year-related travel period holiday represented around two-fifths of the slowdown in year-on-year growth for the month.
Despite the slower start, economic momentum is supporting rising passenger demand in 2018
January capacity (available seat kilometers or ASKs) rose 5.3%,and load factor slipped half a percentage point to 79.6%.
“Despite the slower start, economic momentum is supporting rising passenger demand in 2018,” said Alexandre de Juniac, IATA’s Director General and CEO. “That said, concerns over a possible trade war involving the US could have a serious dampening effect on global market confidence, spilling over into demand for air travel.”