There were 5.42 million passengers carried on Australian domestic commercial aviation (including charter operations) in September 2019, an increase of 2.7 per cent on September 2018.
There were 5.19 million passengers carried on regular passenger transport (RPT) flights in September 2019, an increase of 2.1 per cent on September 2018.
For the year ending September 2019, there were 61.08 million RPT passengers, broadly in-line with the year ending September 2018.
Capacity, measured by available seat kilometres (ASKs), increased by 0.5 per cent compared with September 2018 to a total of 7.44 billion. The industry wide load factor (RPKs/ASKs) increased from 81.4 per cent in September 2018 to 81.8 per cent in September 2019.
On the key Melbourne-Sydney route, passenger numbers were up by 1.1 per cent on a year ago. But on a rolling annual total (smoothed) basis, annual passenger growth fell by 1.0 per cent in October after falling by 1.1 per cent in September – the biggest decline in 7 years.
Add population growth and per capita flights are falling fast. Anothr sign of crumbling living standards.
The full text of this article is available to MacroBusiness subscribers
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
