Global Air Travel Demand Growth Slowed In March

Global air travel demand rose 5.3% year over year in March, outpaced by a 5.9% increase in capacity, according to the International Air Transport Association.

Global demand for international flights was up 6.2%, and domestic demand rose 3.7%. Both metrics grew slower year over year in March than in the first two months of this year. “It is premature to say whether this marks the end of the recent very strong results,” IATA director general and CEO Tony Tyler said in a statement. “We do expect further stimulus in the form of network expansion and declines in travel costs. However, the wider economic backdrop remains subdued.”

Business Travel News article here

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