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February 17, 2017

Load factor outcomes for 2016 - A mixed performance

  • In a recent​ COTW,  we considered the strong performance of traffic volumes in 2016. But in an industry with a high proportion of fixed costs, asset utilization is also an important variable affecting profitability, and the annual load factor performance across the passenger and freight segments shows a more mixed outcome. 
  • Overall, the upwards trend in the passenger load factor (PLF) observed over recent years continued through 2016, despite a pause in the early part of the year. After reaching a record high monthly level in November (81.6% in seasonally adjusted terms), the annual figure also registered its highest outcome, at 80.5% – a modest gain on the 2015 result. This represents the 5th consecutive year that the annual PLF figure has risen.​
  • Download full chart of the ​w​eek​ (pdf) to find out more
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Previous charts of the week

​​10 Feb, 2017Breaking the (old) rules: The challenge of innovation (pdf)
​3 Feb, 20172016 Traffic Outcomes - A better than average year!​ (pdf)
​27 Jan, 2017 ​What explains the recent outperformance of air freight?​​ (pdf)
​20 Jan, 2017 Living in interesting times - keys risks for 2017 (pdf)
​13 Jan, 2017What's in store for airline financial performance in 2017? (pdf)
​16 Dec, 2016 ​Is Santa's business model broken?​ (pdf)
​9 Dec, 2016 ​​Creating value for investors - The 2017 Industry Oulook (pdf)
​2 Dec, 2016Fragile vs fast growing - can the circle be squared?​ (pdf)
​25 Nov, 2016 A growth-accouting framework for air passenger demand​ (pdf)
​18 Nov, 2016The rise in jet fuel prices in 2016 has not been felt evenly​ (pdf)
​11 Nov, 2016 ​Domestic asset utilization at all-time September highs (pdf)
​4 Nov, 2016Air freight needs to look past traditional drivers of growth (pdf)
​28 Oct, 2016The times they are a-changing (pdf)
​21 Oct, 2016 ​Airline loyalty - What matters most (pdf)
​14 Oct, 2016ICAO agreement ensures continued focus on CO2 performance (pdf)
​7 Oct, 2016 To buy or not to buy, that is the question...​ (pdf)​
​30 Sept, 2016 ​Slot rules support network flexibility​ (pdf)
​23 Sept, 2016 Tailwinds are fading, but passenger growth is unlikely to stall (pdf)
​16 Sept, 2016Airline industry profitability cycle showing signs of peaking​ (pdf)
​9 Sept, 2016 ​TTIP Postponed – another drag on the outlook for air cargo​ (pdf)
​2 Sept, 2016Weak world trade growth presents a headwind for air freight​​ (pdf)
​26 Aug, 2016Wide range of business models generating ROIC in 2015​ (pdf)
​19 Aug, 2016Wide variation in load factors by international route (pdf)
​12 Aug, 2016A busy year for aircraft deliveries​ (pdf)
​5 Aug, 2016The Olympic Games and air transport - faster, higher, stronger?​​​ (pdf)
​29 July, 2016BRICS' traffic differences driven by economic and network changes​ (pdf)
​22 July, 2016Global economic growth looking more fragile after Brexit (pdf)
​15 July, 2016​​China - The middle class in the Middle Kingdom... (pdf)
8 July, 2016Generating free cash flow (pdf)
​1 July, 2016The real reason why England lost to Iceland in Euro 2016 (pdf)
​24 Jun, 2016The impact of 'Brexit' on UK Air Transport (pdf) and French version (pdf)
​17 Jun, 2016Oil prices and the US dollar (pdf)
​10 Jun, 2016Airline margins less leveraged to the economic cycle today​ (pdf)
​3 Jun, 2016More 'normal' returns, but wide spread within and between regions (pdf)
​27 May, 2016 ​6 things you really need to know about Irish aviation (pdf)
​20 May, 2016 Global benefits of air transport (pdf)​
​13 May, 2016 Premium travel offering an important financial buffer on key routes (pdf)​
​6 May, 2016 Cracks in the BRICs (pdf)​​
​29 Apr, 2016Diverging views in passenger volumes and yields​​ (pdf)
​22 Apr, 2016Aviation's centre of gravity to continue to shift eastward (pdf)​
​15 Apr, 2016Air travel growth defying economic gravity? (pdf)
​8 Apr, 2016The benefits of modernizing European airspace (pdf)
​1 Apr, 2016Departing passengers - 2015 airport rankings (pdf)
​24 Mar, 2016Oil prices lower for longer, but it's not all good news for airlines (pdf)
​18 Mar, 2016Global airline shares are holding their own in 2016 so far​ (pdf) and (video)
​11 Mar, 2016Passenger load factors reach all-time highs in January (pdf)
​4 Mar, 2016Divergent trends in performance of airlines in the Americas (pdf)
​26 Feb, 2016Potential increase in traffic from enhanced connectivity in Africa (pdf)
​19 Feb, 2016Weaker demand weighing in premium-class traffic growth (pdf)
​12 Feb, 2016Seasoning to taste - how to cope with seasonal fluctuations (pdf)
​5 Feb, 2016Passenger markets have proven to be resilient (pdf)
​29 Jan, 2016It's a risky business (pdf)
​22 Jan, 2016Potential for a post-sanction surge in Iran's air market (pdf)
​15 Jan, 2016China’s air passenger market can withstand stock bubble burst (pdf)
​8 Jan, 2016Happy new year (for some more than others!) (pdf)
​11 Dec, 2015Airline investors paid a 'normal' return for the 1st time (pdf)
4 Dec, 2015 Yuan-way bet (pdf)
27 Nov, 2015 Low oil prices are good for airlines... aren't they? (pdf)
​20 Nov, 2015Credit (rating) where it's due... (pdf)
​13 Nov, 2015Air passenger markets and the rule of 72 (pdf)
6 Nov, 2015​Diverging trend in passenger and freight load factors (pdf)
​30 Oct, 2015Super-connectors, international destinations & domestic markets (pdf)
23 Oct, 2015​The changing face of global air passenger markets (video)
​16 Oct, 2015Cost control focus shifts from fuel to labour (pdf)
​9 Oct, 2015Divergent performance in the Americas (pdf)
​2 Oct, 2015Falls in USD jet fuel prices have not been felt evenly (pdf)



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