Global air passenger traffic was up 6.5% year-over-year (YOY) in 2015, the fastest pace in five years, according to IATA’s Air Passenger Market Analysis. The rate of growth exceeds the 10-year average annual growth of 5.5% and is largely attributable to lower air fares, which in 2015 were approximately 5% lower YOY, and contributed to half of 2015’s annual traffic growth, according to IATA estimates. Global capacity increased by 5.6% YOY in 2015, which led to a total passenger ...

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