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) has announced strengthened profitability projections for airlines in 2024 compared with its June and December 2023 forecasts. An aggregate return above the cost of capital, however, continues to elude the global airline industry. Outlook highlights include: Net profits are expected to reach $30.5 billion in 2024 (3.1% net profit margin). That will be an improvement on 2023 net profits which are estimated to be $27.4 billion (3.0% net profit margin). It is also an improvement on the $25.7 billion (2.7% net profit margin) forecast for 2024 profits that IATA released in December 2023. Return on invested capital in 2024 is expected to be 5.7%, which is about 3.4 percentage points (ppt) below the average cost of capital. Operating...
Read MoreThe International Air Transport Association (IATA) released data for April 2024 global passenger demand with the following highlights: Total demand, measured in revenue passenger kilometers (RPKs), was up 11.0% compared to April 2023. Total capacity, measured in available seat kilometers (ASK), was up 9.6% year-on-year. The April load factor was 82.4% (+1.0ppt compared to April 2023). International demand rose 15.8% compared to April 2023; capacity was up 14.8% year-on-year and the load factor improved to 82.2% (+0.7ppt on April 2023). Domestic demand rose 4.0% compared to April 2023; capacity was up 2.1% year-on-year and the load factor was 82.6% (+1.5ppt compared to April 2023). “Passenger demand has been growing for 36 consecutive months. As we enter the peak northern s...
Read MoreHoliday makers facing jet lag should get back to their normal routines to help get their sleeping schedule back on track. The experts at Online-Bedrooms.co.uk have revealed six of the best ways to beat jet lag after a holiday. Travelling to different time zones can mess with our sleep and leave us feeling fatigued when we get home. Getting back into a normal routine is crucial for fighting jet lag and experts advise trying to adjust to time zones as soon as you land. Nic Shacklock at Online-Bedrooms said: “It’s important to try and adjust to the new time zone as soon as you land back home. One of the biggest mistakes people make after a trip abroad is not sleeping when they get home because they don’t feel tired and vice versa. “Following your local time zone is the quickest ...
Read MoreThere is a viral aeroplane sleeping hack circulating online. But you should better avoid this for many reasons. Sleep experts at WinstonsBeds.com have revealed that the hack is unsafe and can increase the risk of back pain and blood clots. Over 60% of air travellers experience below-average or very poor sleep on flights, but a new online hack making the rounds on social media claims to have the answer. It involves the passenger putting their knees up and strapping the seatbelt buckle around their ankle. This is said to make plane journeys more comfortable for travellers by keeping their bent legs in place as they doze off. Despite the hack being praised online, the experts are warning jet-setters not to copy the hack because of safety concerns. If the plane hits turbulence, h...
Read MoreThe International Air Transport Association (IATA) has released data for March 2024 global passenger demand with the following highlights: Total demand, measured in revenue passenger kilometers (RPKs), was up 13.8% compared to March 2023. Total capacity, measured in available seat kilometers (ASK), was up 12.3% year-on-year. The March load factor was 82.0% (+1.0ppt compared to March 2023). International demand rose 18.9% compared to March 2023; capacity was up 18.8% year-on-year and the load factor improved to 81.6% (+0.1ppt on March 2023). Domestic demand rose 6.6% compared to March 2023; capacity was up 3.4% year-on-year and the load factor was 82.6% (+2.5ppt compared to March 2023). “Demand for travel is strong. And there is every indication that this should continue in...
Read MoreHoliday-makers taking a long haul flight this summer are being advised on how to sleep whilst flying. Experts at Online-Bedrooms.co.uk have shared seven ways to get some shut-eye while on a plane. Getting a comfortable sleep while flying can be tough thanks to a lack of space and bright lights. Packing an eye mask, using essential oils and being mindful of what you eat and drink on the plane can help make dozing off easier. Ben Slater from Online-Bedrooms said: “Sleeping on a plane is hard but if you have a long haul flight you’ll need to get some rest at some point. “If you struggle to sleep because of the bright lights then it’s worth packing an eye-mask for your journey. Some airlines provide this on a long haul flight but it’s worth bringing your own just in case. “Esse...
Read MoreSITA is the only provider of an end-to-end digital travel solution Success stories at Aruba and AAI airports showcase how the journey through an airport and beyond has been redefined SITA, the leading technology company in the air transport industry, is at the forefront of the digital revolution in air travel with its cutting-edge biometric and digital travel solutions. As the only end-to-end solution provider in the market, SITA is uniquely positioned to drive innovation and shape the future of travel. With passenger numbers forecast to double to 8 billion by 2040, up from 4 billion in 2019, the need for a digital, biometrically-enabled future is undeniable. SITA’s recent Biometrics White Paper, ‘Face the Future’ highlights how the surge in air traveler numbers places extraord...
Read MoreThe International Air Transport Association (IATA) released data for February 2024 global passenger demand with the following highlights: Total demand, measured in revenue passenger kilometers (RPKs), was up 21.5% compared to February 2023. Total capacity, measured in available seat kilometers (ASK), was up 18.7% year-on-year. The February load factor was 80.6% (+1.9ppt compared to February 2023). International demand rose 26.3% compared to February 2023; capacity was up 25.5% year-on-year and the load factor improved to 79.3% (+0.5ppt on February 2023). Domestic demand rose 15.0% compared to February 2023; capacity was up 9.4% year-on-year and the load factor was 82.6% (+4.0ppt compared to February 2023). Note that February 2024 was a leap year with one extra day compared...
Read MoreThe International Air Transport Association (IATA) released data for January 2024 global passenger demand indicating a strong start for the year. Total demand, measured in revenue passenger kilometers (RPKs), was up 16.6%; total capacity, measured in available seat kilometers (ASK), was up 14.1%; and the load factor was 79.9% (+1.7pt) International demand rose 20.8%; capacity was up 20.9% and the load factor remained at 79.7% (+0.0pt) Domestic demand rose 10.4%; capacity was up 4.6% and the load factor was 80.2% (+4.2pt) “2024 is off to a strong start despite economic and geopolitical uncertainties. As governments look to build prosperity in their economies in the busiest election-year ever, it is critical that they see aviation as a catalyst for growth. Increased taxes and ...
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