Business
Global air passenger traffic demand up 7.2 percent in October: IATA
Global demand for air travel climbed 7.2 percent in October, rebounding after September was disrupted by hurricanes, the International Air Transport Association (IATA) has said .
“As expected, the recent severe weather in the Americas region had only a temporary impact on the healthy travel demand we have seen this year,” IATA’s CEO, Alexandre de Juniac, said.
It said airline capacity rose 6.2 percent and load factor – a measure of how full planes are – increased by 0.8 percentage points to 80.8 percent.
IATA said it expected passenger traffic demand to continue its upwards trend in 2018. It will on Tuesday present its updated economic forecasts for the industry at a media event in Geneva.
-
News2 days agoCourt orders British Govt. to pay £420m to 21 coal miners killed by colonial masters
-
Economy2 days agoBPE, stakeholders unite to rollout $500m free meters, DisCos pledge to lead drive
-
Finance2 days agoCBN cuts 1-Year Treasury Bill rate, rejects Bids
-
Agriculture2 days agoOver 2.5m metric tonnes of food valued N2trn produced in 2yrs—FG
-
Maritime2 days agoNIMASA mulls expansion of deep blue project, calls for continued partnership with Navy
-
Business2 days agoMTN to acquire controlling stake in IHS Holdings, eyes full ownership
-
Oil and Gas2 days agoDangote refinery backs gantry loading, cautions against costly coastal evacuation
-
Economy22 hours agoDubai’s consumer electronics maker, Maser Group to invest $1.6bn in Nigeria, others