January was a record month for the global airline industry with passenger load factors hitting an all-time high of 78.8% – and the good times are likely to continue through 2016, according to the International Air Transport Association.

IATA said January was a strong month all round with demand (revenue passenger kilometers or RPKs) rising 7.1% year on year, while capacity increased 5.6%.

“January maintained the strong traffic growth trend seen in 2015, showing the resilience of demand for connectivity despite recent turmoil in equity markets,” said Tony Tyler, IATA’s Director General and CEO.

“The record load factor is a result of strong demand for our product and airlines making the most productive use of their assets.

“Underlying conditions point to another strong year for passenger traffic, with the latest decline in oil prices likely providing additional stimulus for air travel growth.”

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