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Air Transport Monthly Monitor: May 2019

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The air transport industry is not only a vital engine of global socio-economic growth, but it is also of vital importance as a catalyst for economic development. Not only does the industry create direct and indirect employment and support tourism and local businesses, but it also stimulates foreign investment and international trade.

Informed decision-making is the foundation upon which successful businesses are built. In a fast-growing industry like aviation, planners and investors require the most comprehensive, up-to-date, and reliable data. ICAO’s aviation data/statistics programme provides accurate, reliable and consistent aviation data so that States, international organizations, aviation industry, tourism and other stakeholders can:

    • make better projections;
    • control costs and risks;
    • improve business valuations; and
    • benchmark performance.

The UN recognized ICAO as the central agency responsible for the collection, analysis, publication, standardization, improvement and dissemination of statistics pertaining to civil aviation. Because of its status as a UN specialized agency, ICAO remains independent from outside influences and is committed to consistently offering comprehensive and objective data. Every month ICAO produces this Air Transport Monitor, a monthly snapshot and analysis of the economic and aviation indicators.


ECONOMIC DEVELOPMENT – May 2019 

World Results and Analyses for March 2019

Total Scheduled Services (Domestic and International)

 

Revenue Passenger-Kilometres   –   RPK

World passenger traffic grew by +3.1% YoY in March 2019, -2.2 percentage points lower than the growth in the previous month. This was the weakest performance over the last five years, reflecting the current global economic backdrop. All regions posted a slowdown, except for Latin America/Caribbean and North America. The weakest performance was experienced by the Middle East, which was the only region with negative growth. Russian Federation recorded the fastest domestic growth, followed by the United States and Japan, surpassing China and India.

International Traffic vs. Tourist Arrivals

International passenger traffic grew by +2.5% YoY in March 2019, -2.1 percentage points lower than the growth in the previous month. All regions decelerated in traffic growth, except for Latin America/Caribbean. The Middle East continued to be the only region with negative growth. The growth of international tourist arrivals* was relatively less fluctuated.


Available Seat-Kilometres   –   ASK

Capacity worldwide increased by +4.2% YoY in March 2019, -1.2 percentage points lower than the growth in the previous month (+5.4%). According to the airline schedules, capacity expansion is expected to further slow down to +3.7% in April 2019.

Load Factor   –   LF

The passenger Load Factor reached 81.7% in March 2019, +1.1 percentage points higher than the LF recorded in the previous month. As capacity expansion outpaced the traffic growth, the March LF was -0.7 percentage point lower compared to the rate in the same period of 2018.


Freight Tonne-Kilometres  – FTK

World freight traffic reported a minor growth of +0.1% YoY in March 2019, +4.8 percentage points higher than the growth in the previous month. Freight traffic revived slightly after experiencing three consecutive declines compared to a year ago, with all regions posting improvements. Despite the turnaround, conditions for freight growth remain challenging, impacted by various headwinds to global trade such as the trade tensions. Asia/Pacific, the region accounting for more than one third of the global freight market, continued to show negative growth, attributing to the overall weakness. Africa recorded the most substantial recovery, and became the strongest growing region in freight demand.


Note: Figures include total scheduled and non-scheduled services

In terms of aircraft departures, the Top 15 airports reported a growth of +1.8% YoY. Twelve out of the Top 15 airports posted YoY increases. Atlanta remained at 1st with a modest growth of +1.2%. The strongest growth in operations was recorded by Phoenix at +5.7%, followed by Dallas/Fort Worth at +4.7%.

In terms of passengers, the Top 15 airports reported a growth of +1.8% YoY. All the Top 15 airports posted YoY increases, except for Beijing and Dubai with a decline of -4.8% and -4.2%, respectively. Atlanta regained the 1st position with a growth of +3.4%. The highest growth was reported by Paris at +7.2%, followed by Tokyo at +5.7%.

In terms of freight, the Top 15 airports reported a decline of -1.5% YoY. Nine out of the Top 15 airports posted YoY declines, mostly in Asia/Pacific and North America. The sharpest decrease was posted by Tokyo (-10.3%), followed by Taipei (-5.7%) and Incheon (-4.6%). Dubai continued to outperform the other major freight hubs and was up by +5.1%.


 

MAR 2019:   +4.1% YoY in terms of RPK for the Top 15

In terms of RPK, the Top 15 airline groups accounted for 48.4% of world total RPK in March 2019 and grew by +4.1% YoY. This growth was +1.0 percentage point higher than the world average on scheduled services. All the Top 15 airline groups posted YoY increases.

For the first time of the year, Delta ranked 1st with a solid growth of +5.3%, followed by United, rising at +6.0% YoY. With a marginal increase of +0.3%, American ranked 2 positions down to 3rd. Southwest grew by +3.9% and was up 2 positions to 9th.

Moderation was observed by the Middle Eastern airlines in the Top 15. Emirates grew marginally by +0.8%, albeit ranked 1 position up to 4th. Qatar remained at 12th and rose by +2.9%.

AF-KLM grew modestly by +2.8% and ranked 5th. Both Lufthansa and IAG improved 1 position to 6th and 8th, and grew at +4.1% and +5.1%, respectively. Ryanair recorded the highest growth among the Top 15, at +7.0% while remained at 13th.

China Southern recorded the second fastest growth among the Top 15, at +6.8%, while ranked 3 positions down to 7th. Air China also went down 2 positions to 10th and grew moderately by +2.9%. China Eastern and Singapore Airlines grew solidly by +6.6% and +6.2%, but ranked 1 position down to 11th and 15th, respectively.


 

 

Worldwide capacity expanded by +5.4% YoY in February 2019. All regions posted deceleration in capacity expansion, except for Latin America/Caribbean with a slight increase.

Europe continued to be the fastest growing region, followed by Asia/Pacific and Latin America/Caribbean. Africa remained the slowest region in terms of capacity expansion.


Acronyms: ACI: Airports Council International; ASK: Available Seat-Kilometres; IATA: International Air Transport Association; FTK: Freight Tonne-Kilometres; LF: Passenger Load Factor;
OAG: Official Airline Guide; RPK: Revenue Passenger-Kilometres; UNWTO: World Tourism Organization; YoY: Year-on-year; YTD: Year-to-date.


 

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