Passenger load factor, or load factor, measures the capacity utilization of public transport services like airlines, passenger railways, and intercity bus services. It is generally used to assess how efficiently a transport provider fills seats and generates fare revenue.
According to the International Air Transport Association, the worldwide load factor for the passenger airline industry during 2015 was 79.7%.[1]
- ^ "Demand for Air Travel in 2015 Surges to Strongest Result in Five Years". International Air Transport Association. 4 February 2016. Retrieved 9 June 2016.