Growth in the global air passenger traffic market reached a 12-year high in the 2017 first half, as passenger traffic grew 7.9% compared to 1H 2016 and the load factor hit a record 80.7%, according to IATA’s June Air Passenger Market Analysis. IATA attributed the year’s strong start to an improving global economic backdrop and stimulus from lower airfares. The industry’s annualized growth pace remains ahead of the average growth rate of both the past five (6.4%) and 10 ...

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