Global passenger traffic results increased in 2015 with Asia Pacific carriers recording the largest jump among the three largest regions, an airline industry association said on Thursday.
The International Air Transport Association (IATA) said that Asia Pacific carriers recorded a demand increase of 8.2 percent—the largest increase among the three largest regions—compared to 2014.
This was attributed to a 7.3 percent increase in the number of direct airport connections in the region, resulting in time savings for travelers.
Capacity rose 6.4 percent, bringing up the load factor to 78.2 percent.
As for international passenger markets, traffic rose 6.5 percent in 2015 compared to 2014 while capacity went up 5.9 percent and the load factor increased to 79.7 percent. All regions recorded year-over-year increases in demand.
Passenger demand was pushed by lower airfares. Global airfares last year were approximately five percent lower than in 2014 after adjusting for distortions caused by the rise of the US dollar.
IATA Director General and CEO in a statement said that the very strong performance in 2015 against a weaker economic backdrop confirmed strong demand for aviation connectivity.
“Even as the appetite for air travel increased, consumers benefited from lower fares compared to 2014,” Tyler said.
Annual capacity rose 5.6 percent last year, with the result that load factor climbed 0.6 percentage points to a record annual high of 80.3 percent.
In summary, the report pointed out that all regions experienced positive traffic growth in 2015 with carriers in the Asia-Pacific region accounting for one-third of the total annual increase in traffic.
IATA, which is a trade association for the world’s airlines, represents some 260 airlines comprising 83 percent of global air traffic.
It also supports many areas of aviation activity and helps formulate industry policy on critical aviation issues.