Worldwide air passenger traffic grew 5.9% year-over-year in 2014, exceeding the 10-year average growth rate (5.6%) and besting 2013’s YOY growth performance (5.2%), according to IATA’s December Air Passenger Market Analysis report. Global air passenger capacity grew 5.6% YOY in 2014, resulting in a total passenger market load factor of 79.7%, up 0.2 point from 2013. “Demand for the passenger business did well in 2014 … overall a record 3.3 billion passengers boarded ...

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