[ad_1]
The International Air Transport Association (IATA) released the latest data on the global market air travel industry in April 2024, with total travel demand (measured in revenue per passenger kilometer) increasing by 11.0% year-on-year during the same period last year. Total capacity (measured in available seat kilometers) increased by 9.6% year-on-year. The passenger load factor remained at 82.4% in April (an increase of 1.0 percentage point from April 2023).
Compared to April 2023, global travel demand increased by 15.8%, capacity increased by 14.8% year-on-year, and load factor improved to 82.2% (up 0.7 percentage points from April 2023).
Domestic travel demand increased by 4.0% compared to April 2023, capacity increased by 2.1% year-on-year, and load factor remained stable at 82.6% (up 1.5 percentage points from April 2023).
Willie Walsh, Managing Director of Etihad Airways, said: “Demand for air travel has continued to grow for 36 consecutive months. As the peak summer travel season in the northern hemisphere begins, we are optimistic that airlines will perform strongly to provide a wide range of travel options during the summer. In our latest survey, 97% of passengers surveyed said they were satisfied with their recent air travel experience.”
The IATA Traveller Survey also revealed that 88% of participants agreed that “air travel makes my life better”. Walsh added: “These results are a strong encouragement for the industry and for IATA members who will be attending the 80th Annual General Assembly and World Air Transport Summit in Dubai next week. These results confirm the tremendous capacity of aviation and its ability to boost economies and improve people’s lives, but also come with important challenges that will be on the agenda for all parties attending.”
Global air travel markets in April 2024 were up strongly in all regions compared to the same period a year ago. Load factors rose to their highest level in two years, while capacity increased in proportion to demand levels. Middle Eastern airlines saw demand rise 14.2% year-on-year. Capacity increased 9.9% year-on-year, and load factor increased 3.0 percentage points from April 2023 to 79.3%.
- Asia-Pacific
Asia-Pacific airlines continued to lead the way, with demand up 32.1% year-on-year. Capacity increased 29.3% year-on-year, with load factor up to 83.7% (up 1.7 percentage points from April 2023). Air traffic from the Middle East and Africa to Asia was very strong.
- European Airlines
European airlines saw demand increase 10.1% year-on-year. Capacity increased 10.0% year-on-year, with load factor stable at 83.3% (up 0.1 percentage point from April 2023). International travel from Europe to all regions except Africa exceeded pre-pandemic levels.
- North America
North American airlines reported a 6.5% year-over-year increase in travel demand. Capacity increased 10.3% year-over-year, and load factor decreased to 81.0% (down 2.9 percentage points from April 2023).
- Latin America
Latin American airlines saw demand increase 14.5% year-on-year. Capacity increased 13.5% year-on-year, and load factor increased to 84.1% (up 0.7 percentage points from April 2023), the highest among all regions.
- African Airlines
African airlines saw demand rise 15.5% year-on-year. Capacity increased 10.4% year-on-year, with load factor rising to 73.0% (up 3.2 percentage points from April 2023).
- Local Market
Domestic demand grew in April, but at a slower pace. China’s growth rate fell to 4.2%, reflecting the end of the peak holiday travel period. Japan’s performance was almost flat due to the end of the fiscal year and the start of the school spring break. Overall, the trend in Japan’s revenue per kilometer remains positive.
[ad_2]
Source link
