The global demand for air travel increased less sharply in February than in January. This is reported by UN-based IATA association. The growth in passenger transport amounted to 5.3 percent on an annual basis, following a 6.5 percent increase in demand in the first month of this year.
According to IATA, the slowest growth rate of passenger transport was measured in more than a year. Capacity utilization, an important measure of efficiency in aviation, fell slightly to 80.6 percent but is still at high level.
IATA CEO Alexandre de Juniac said that after the strong January in February, slowing was only recently taken place, in view of concerns about the weakening of world economy. The continuing trade tensions between the United States and China and the uncertainty surrounding the Brexit continue to weigh on expectations for the aviation sector, according to De Juniac.