IATA: Global Air Passenger Demand Fell 0.5% in September, Improving From August

According to Jin10, IATA data showed global air passenger demand fell 0.5% in September, weighed down by declines in the Middle East and North America, while Africa, Latin America and the Caribbean recorded growth. Measured in revenue passenger kilometers (RPK), demand fell 8% in the Middle East and 1.6% in North America, while it rose 5% in Africa and 4.3% in Latin America and the Caribbean. IATA said global demand improved from the previous month despite the overall decline, with demand returning to growth in most international markets. IATA Chief Economist Marie Owens Thomsen said these trends had recurred to varying degrees for much of this year and that, given geopolitical uncertainty and fuel price volatility, IATA expected them to continue.