The International Air Transport Association (IATA) data for January 2024 global passenger demand indicated passenger demand is up 16.6pc worldwide.
Total demand, measured in revenue passenger kilometers (RPKs), was up 16.6pc; total capacity, measured in available seat kilometers (ASK), was up 14.1pc; and the load factor was 79.9pc (+1.7pt)
International demand rose 20.8pc; capacity was up 20.9pc and the load factor remained at 79.7pc (+0.0pt)
Domestic demand rose 10.4pc; capacity was up 4.6pc and the load factor was 80.2pc (+4.2pt)
European carriers’ January 2024 traffic rose 10.8pc versus January 2023. Capacity increased 10.7pc, and the load factor edged up 0.1 percentage points to 77.3pc. Routes between Europe and North America have rebounded particularly strongly from the pandemic and stand 6.5pc higher than in January 2020.
Willie Walsh, IATA’s Director General said “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 onerous regulation are a counterweight to prosperity. We will be looking to governments for policies that help aviation to reduce costs, improve efficiency and make progress towards net zero CO2 emissions by 2050.”
