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According to the most recent International Air Transport Association figures, global air passenger traffic grew by 6.5% in 2015– its fastest pace since 2010. Part of this was due to the slight fall in air fares, which in turn were absorbed to some extent by the reduction in world oil prices.
Airlines reacted to robust travel demand by adding capacity as global passenger capacity increased by 5.6% in 2015, with the Middle East region increasing capacity by a massive 12.6% – much of it due to the introduction of high capacity aircraft such as the Airbus 380 and Boeing Dreamliner. In December 2015 alone, 150 new passenger aircraft entered service across the world – and that has been the trend for most months during last year.
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