IATA: Europe outperforms industry in RPK growth in May-2019 for ninth consecutive month

    IATA, in its Jul-2019 Europe regional briefing, reported (25-Jul-2019) Europe based carriers continued to outperform the industry wide outcome in terms of RPK growth for the ninth consecutive month, achieving 5.4% year-on-year growth in May-2019. IATAnoted the pace of growth has been moderating since mid 2017. The Russia domestic market marked its 10th consecutive month of double digit growth in RPKs at 10.6% in May-2019, supported by a solid economic backdrop and lower fares. Demand growth remained robust across the region’s key international markets, with the exception of EuropeMiddle East that recorded a 0.7% decrease in May-2019, following a short lived improvement in Apr-2019. [more – original PR]