The International Air Transport Association (IATA) released data for May 2024 global passenger demand with the following highlights: Total demand, measured in revenue passenger kilometers (RPKs), was up 10.7% compared to May 2023. Total capacity, measured in available seat kilometers (ASK), was up 8.5% year-on-year. The May load factor was 83.4% (+1.7ppt compared to May 2023), a record high for May. International demand rose 14.6% compared to May 2023. Capacity was up 14.1% year-on-year and the load factor improved to 82.8% (+0.3ppt on May 2023). Domestic demand rose 4.7% compared to May 2023; capacity was up 0.1% year-on-year and the load factor was 84.5% (+3.8ppt compared to May 2023). “Strong demand for travel continues with airlines posting a 10.7% year-on-year increas...
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The International Air Transport Association (IATA) announced that the post-COVID recovery momentum continued in July for passenger markets. Total traffic in July 2023 (measured in revenue passenger kilometers or RPKs) rose 26.2% compared to July 2022. Globally, traffic is now at 95.6% of pre-COVID levels. Domestic traffic for July rose 21.5% versus July 2022 and was 8.3% above the July 2019 results. July RPKs are the highest ever recorded, strongly supported by surging demand in the China domestic market. International traffic climbed 29.6% compared to the same month a year ago with all markets showing robust growth. International RPKs reached 88.7% of July 2019 levels. The passenger load factor (PLF) for the industry reached 85.7% which is the highest monthly inte...
Read MoreThe International Air Transport Association (IATA) has released May 2023 traffic data showing continued strong growth in air travel demand. Total traffic in May 2023 (measured in revenue passenger kilometers or RPKs) rose 39.1% compared to May 2022. Globally, traffic is now at 96.1% of May 2019 (pre-pandemic) levels. Domestic traffic for May rose 36.4% compared to the year-ago period. Total May 2023 domestic traffic was 5.3% above the May 2019 level. This is the second month in a row domestic traffic has exceeded pre-pandemic levels. International traffic climbed 40.9% versus May 2022 with all markets recording strong growth, led once again by carriers in the Asia-Pacific region. International RPKs reached 90.8% of May 2019 levels, with Middle East and North American airlines...
Read MoreTravel demand continues strong trend in April, says IATA The International Air Transport Association (IATA) has announced continued strong passenger traffic demand in April. Total traffic in April 2023 (measured in revenue passenger kilometers or RPKs) rose 45.8% compared to April 2022. Globally, traffic is now at 90.5% of pre-Covid levels. At 81.3%, industry load factor was only 1.8 percentage points below pre-pandemic level. Domestic traffic for April rose 42.6% compared to the year-ago period and has now fully recovered, posting a 2.9% increase over the April 2019 results. International traffic climbed 48.0% versus April 2022 with all markets recording healthy growth, with carriers in the Asia-Pacific region continuing to lead the recovery. International RPKs reached 83.6%...
Read MoreThe International Air Transport Association (IATA) announced strong demand growth in air travel for March 2023. # Total traffic in March 2023 (measured in revenue passenger kilometers or RPKs) rose 52.4% compared to March 2022. Globally, traffic is now at 88.0% of March 2019 levels. # Domestic traffic for March rose 34.1% compared to the year-ago period. Total March 2023 domestic traffic was at 98.9% of the March 2019 level. # International traffic climbed 68.9% versus March 2022 with all markets recording healthy growth, led once again by carriers in the Asia-Pacific region. International RPKs reached 81.6% of March 2019 levels while the load factor at 81.3% exceeded the March 2019 level by 10.1 percentage points. “The calendar year first quarter ended on a strong note fo...
Read MoreThe International Air Transport Association (IATA) announced continued strong growth in air travel demand, based on February 2023 traffic results. Total traffic in February 2023 (measured in revenue passenger kilometers or RPKs) rose 55.5% compared to February 2022. Globally, traffic is now at 84.9% of February 2019 levels. Domestic traffic for February rose 25.2% compared to the year-ago period. Total February 2023 domestic traffic was at 97.2% of the February 2019 level. International traffic climbed 89.7% versus February 2022 with all markets recording strong growth, led once again by carriers in the Asia-Pacific region. International RPKs reached 77.5% of February 2019 levels. “Despite the uncertain economic signals, demand for air travel continues to be...
Read MoreThe International Air Transport Association (IATA) expects a return to profitability for the global airline industry in 2023 as airlines continue to cut losses stemming from the effects of the COVID-19 pandemic to their business in 2022. In 2023, airlines are expected to post a small net profit of $4.7 billion—a 0.6% net profit margin. It is the first profit since 2019 when industry net profits were $26.4 billion (3.1% net profit margin). In 2022, airline net losses are expected to be $6.9 billion (an improvement on the $9.7 billion loss for 2022 in IATA’s June outlook). This is significantly better than losses of $42.0 billion and $137.7 billion that were realized in 2021 and 2020 respectively. Resilience has been the hallmark for airlines in the COVID-19 crisis. As we look to 2...
Read MoreThe International Air Transport Association (IATA) urged the Asia-Pacific region to prepare for the anticipated surge in traffic and provide policy support for the industry’s decarbonization efforts, as the region moves forward from COVID-19. “The last three years have been extremely challenging for the airline industry. Asian airlines, in particular, were hit hard, accounting for about a third of the industry’s losses between 2020 and this year. With the region finally emerging from COVID-19, governments have a key role to play in accelerating the recovery, and supporting the industry’s sustainable growth,” said Conrad Clifford, IATA’s Senior Vice President and Deputy Director General. FILE PHOTO: Singapore Airlines planes sit on the tarmac at Changi Airport in Singapore November 1...
Read MoreThe International Air Transport Association (IATA) announced passenger data for July 2022 showing that the recovery in air travel continues to be strong. Total traffic in July 2022 (measured in revenue passenger kilometers or RPKs) was up 58.8% compared to July 2021. Globally, traffic is now at 74.6% of pre-crisis levels. Domestic traffic for July 2022 was up 4.1% compared to the year-ago period and is now driving the recovery. Total July 2022 domestic traffic was at 86.9% of the July 2019 level. China saw strong month-to-month improvement compared to June. International traffic rose 150.6% versus July 2021. July 2022 international RPKs reached 67.9% of July 2019 levels. All markets reported strong growth, led by Asia-Pacific. FILE PHOTO: Passengers queue at check-in desks a...
Read MoreThe International Air Transport Association (IATA) announced passenger data for May 2022 showing that the recovery in air travel accelerated heading into the busy Northern Hemisphere summer travel season. Total traffic in May 2022 (measured in revenue passenger kilometers or RPKs) was up 83.1% compared to May 2021, largely driven by the strong recovery in international traffic. Global traffic is now at 68.7% of pre-crisis levels.Domestic traffic for May 2022 was up 0.2% compared to the year-ago period. Significant improvements in many markets were masked by a 73.2% year-on-year decline in the Chinese domestic market due to COVID-19 related restrictions. May 2022 domestic traffic was 76.7% of May 2019.International traffic rose 325.8% versus May 2021. The easing of travel restrictions i...
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