IATA says this is the strongest result since the ‘post-global financial crisis rebound in 2010’, comfortably exceeding the 10-year average annual growth rate of 5.5%. Even though it notes that ‘economic fundamentals were weaker in 2015 compared to 2014’, passenger demand was boosted by lower air fares. It also notes that after adjusting for distortions caused by the rise of the US dollar, global air fares were approximately 5% lower in 2015 than in 2014. “Last year’s very strong performance, against a weaker economic backdrop, confirms the strong demand for aviation connectivity. But even as the appetite for air travel increased, consumers benefited from lower fares compared to 2014,” said Tony Tyler, IATA’s Director General and CEO. Get the full story at TR Business