IATA

Stephen Costley June 30, 2026

IATA reports year-over-year global pax traffic was down 2.2% in May 2026 on 2.3% lower capacity, citing that excluding Middle East region, which was down 28.4% on 23.9% lower capacity, demand actually increased 0.7%; cargo rose 6%.

Stephen Costley

Steve Costley is responsible for the overall production SpeedNews. Steve has over 30 years of experience with SpeedNews, now part of the Aviation Week Network. He joined the company in August 1989 as an Associate Editor and was named Managing Editor in 1994. He was also named Vice President and Chief Operating Officer of SpeedNews, Inc., in the late 1990s, and held those titles until Prism Business Media acquired the company from Gil Speed in 2006.

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