Lower Airfares Boost Demand In 2015 - IATA

A 5 percent drop in airfares bolstered demand for air travel in 2015, even as economic fundamentals weakened, IATA reported.

Demand for air travel, measured in revenue passenger kilometres, rose 6.5 percent in 2015, IATA said in its monthly traffic figures.

But on a monthly basis, the growth rate slowed toward the end of the year, coming in at 5.4 percent in December compared with 5.9 percent in November and 7.1 percent in October.