Emerging markets helped global air passenger traffic in the month of July, according to IATA traffic figures.
Compared with July 2012, demand rose by 5% and capacity grew by 5.5%, says IATA. This pushed load factors down by 0.4 percentage points to 82.4%.
"Passenger demand continues to be strong. But the story of emerging markets driving growth as developed economies stagnate could be shifting. We are still expecting growth of 5% this year. How that growth is achieved, however, appears to be at a turning point," says IATA chief executive Tony Tyler.
"The emergence of the Eurozone from an 18-month recession provided the biggest boost to traffic over recent months. In contrast, the deceleration of the Chinese economy has been a dampener on air travel, with weakness showing up throughout emerging Asian markets."
International markets recorded a 5.1% rise in demand for July, while capacity grew by 5.4%. Load factor was down by 0.2 percentage points to 82.7%.
Domestic passenger demand rose by 4.8%, with growth coming primarily from Russia and Asia, especially China. Capacity rose by 5.8% and load factor slipped to 82%.