Daily Management Review

Global low-cost airlines increase passenger flow


According to calculations of the International Air Transport Association (IATA), the passenger flow amounted to 4.4 billion people in 2018, the seat occupancy rate grew to a record 81.9%. The largest increase in passenger traffic was observed in the Asia-Pacific region, which still accounts for the largest share in global passenger traffic. At the same time, the development of the low-budget segment was ahead of industry-wide indicators: the passenger flow of low-cost airlines grew by 13.4%, while the industry grew by 6.9%. However, according to experts, the business models of the standard and low-budget segments will continue to converge.

On July 31, the International Air Transport Association published statistics on air travel for 2018. According to the report, over the year, airlines transported 4.4 billion passengers on regular flights, which is 6.9% more than in 2017. During the year, 284 million passenger flights were added.

At the same time, the development of the low-budget segment continues to outstrip the growth of air transportation in general: the passenger flow of low-cost airlines grew by 13.4%, outstripping the overall dynamics by 6.5 percentage points.

Regionally, the largest share growth in the number of regular flights was observed in the Asia-Pacific region (Asia-Pacific; by 9.2%, to 1.6 billion passengers). Passenger traffic in the Middle East grew the least dynamically - by 4.6%, to 224.2 million passengers. APR holds the largest share in passenger traffic (37.6%), while Europe and North America account for 26.2% (1.1 billion people) and 22.6% (989.4 million), respectively. The share of Latin America (6.9% with 302.2 million passengers) and Africa (2.1% and 92 million passengers) is much more modest, which is associated with less development of business relations in these regions and low incomes of the population.

The largest airlines by passenger-kilometers were American Airlines (330.6 billion), Delta Airlines (330 billion), United Airlines (329.6 billion), Emirates (302.3 billion), Southwest Airlines (214.6 billion).

The most active international flights were carried out by citizens of Great Britain and the USA (126.2 million and 111.5 million passengers, respectively), China (97 million passengers), Germany (94.3 million passengers) and France (59.8 million passengers).

Seoul-Jeju was the busiest destination (14.5 million passengers, an increase of 7.6% compared to 2017), followed by the Hong Kong-Taipei route (5.4 million passengers, a decrease of 0.7% )
In 2018, the seat occupancy rate on aircraft reached a record high of 81.9%. Fuel efficiency increased by 12% compared to 2010. Over the past 20 years, the cost of air travel has more than halved, to $ 0.78 per available ton-kilometer.

source: iata.org

Science & Technology

UK trials new breathing aid developed by Mercedes Formula One

Uber sues Los Angeles authorities over user data collection

Google Introduces New Coronavirus Website

WHO Warns That The Youth Are ‘Not Invincible' To The Novel Coronavirus

Chinese software company learns to recognize 95% of masked faces

World's largest retailer to use 5G for medical services

SpaceX Receives Approval To Create Research & Manufacturing Facility In Los Angeles

JPMorgan: Transition to e-money will be based on blockchain

Tesla In Advance Talks With CATL For Using Lithium Batteries

Financial giants and US government turn to quantum computers

World Politics

World & Politics

Aerospace Consortium To Build Ten Thousand Ventilator In Britain

US Ambassador To UK Holds China Responsible For Global Spread Of Coronavirus

China to lift quarantine in Wuhan on April 8

British Government Hires Former Nestle’s Executive For ‘War Room’ Food Security

Canada, Australia refuse to send athletes to Olympics 2020

Plans For A Possible Delay Of Olympics Being Formulated By Tokyo Organizers: Reuters

Maduro says Venezuela will receive UN assistance to fight coronavirus

2 Million Masks For Coronavirus Crisis In Europe Donated By Jack Ma