International air passenger traffic rises in October
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IATA has released its assessment of premium and economy travel in October, which shows passenger travel on international markets rose 4.5% in October year-on-year.
During more recent months, growth has been supported by the Within Europe market, which includes segment traffic as part of longer-haul journeys.
Air travel across the North Atlantic has also started to accelerate, up 6.9% in October year-on-year, which is a good sign for yields and revenues, IATA said.
However, weakness in air travel on the Within Far East market have been placing downward pressure on the industry growth trend.
Slower than expected growth in China and weak trade activity have translated to declines in international air travel growth in the region.
The outlook for international passenger growth remains mixed because the growth over recent months has been narrowly based.
Weakness in Asia remains a concern and is likely to keep international passenger growth from accelerating beyond current trends, IATA said.
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