Total revenue passenger kilometers (RPKs) rose 7.1% compared to the year-ago period. August capacity (available seat kilometers or ASKs) increased by 5.9%, and load factor rose 0.9 percentage points to a record 84.7%.
IATA released data for global air freight markets showing that in August freight markets stabilized after two months of decline. Measured in Freight Tonne Kilometers, air cargo volumes rose 0.2% compared to the same month a year ago.
Underpinned by a boost in leisure travel demand during the holiday season, the regions operators carried a combined total of 24.9 million international passengers in August, 7.2% more than the same month last year.
National Car Rental and sister brand Enterprise emerged as clear favorites among corporate travel buyers in BTNs inaugural Car Rental Brand and Ground Transportation Survey, an achievement qualified by the fact that buyers gave the car rental industry high marks in general.
While the news of overall growth is positive, the report also sounds a note of caution. As attrition and cancellation terms are becoming stricter, supplier negotiations will be more important than ever to meeting planners.