Airline traffic continues to climb as aviation continues to show double digit growth, according to IATA data.
The International Air Transport Association (IATA) has released data for February 2024 global passenger demand, with total demand, measured in revenue passenger kilometres (RPKs), rising 21.5 per cent year-on-year (YoY).
Total capacity, measured in available seat kilometres (ASK), grew 18.7 per cent YoY.
Airline passenger demand 2024
The February load factor was 80.6 per cent (+1.9ppt compared to February 2023).
International demand rose 26.3 per cent compared to February 2023; capacity was up 25.5 per cent year-on-year and the load factor improved to 79.3 per cent (+0.5ppt on February 2023).
Domestic demand rose 15 per cent compared to February 2023; capacity was up 9.4 per cent year-on-year and the load factor was 82.6 per cent (+4.0ppt compared to February 2023).
Willie Walsh, IATA’s Director General, said: “The strong start to 2024 continued in February with all markets except North America reporting double-digit growth in passenger traffic.
“There is good reason to be optimistic about the industry’s prospects in 2024 as airlines accelerate investments in decarbonisation and passenger demand shows resilience in the face of geopolitical and economic uncertainties.
“It is critical that politicians resist the temptation of cash grabs with new taxes that could destabilise this positive trajectory and make travel more expensive. In particular, Europe is a worry as it seems determined to lock in its sluggish economic recovery with uncompetitive tax proposals”.
In February 2024, international passenger markets globally experienced significant growth compared to the previous year, surpassing pre-pandemic levels.
- Asia-Pacific airlines led with a 53.2 per cent increase in demand and the highest load factor
- Latin American airlines saw a 21 per cent increase
- African airlines had a 20.7 per cent rise in demand
- Middle Eastern airlines had a 19.7 per cent increase
- North American carriers experienced a 16 per cent growth
- European carriers saw a 15.9 per cent rise in demand
Follow us on
