Wednesday, July 31, 2024
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The International Air Transport Association (IATA) has released its global passenger demand figures for June 2024, showing significant growth:
- Total Demand: Revenue Passenger Kilometers (RPK) increased by 9.1% compared to June 2023. Available Seat Kilometers (ASK) saw an increase of 8.5% year-on-year. The load factor for June was 85.0%, an increase of 0.5 percentage points over the previous year.
- International Demand: International demand grew by 12.3% from June 2023. Capacity increased by 12.7% year-on-year, with load factor reaching 85.0%, down slightly by 0.3 percentage points compared to June 2023.
- Domestic demand: Domestic travel demand increased by 4.3% compared to June 2023. Capacity increased by 2.1% year-on-year, with load factor increasing by 1.7 percentage points to 85.0% from June 2023.
“Demand increased across all regions as the peak northern summer travel season began in June. And with demand lagging behind overall capacity growth, we saw a very strong average load factor of 85% in both domestic and international operations. Managing such high load factors is both good and challenging. It makes it all the more important for all stakeholders to operate with the same level of efficiency to minimize delays and get travelers to their destinations on time.” said Willie Walsh, Director General of IATA.
“The entire aviation industry is proud of its continued role in supporting the Olympic story by bringing together athletes, fans and officials as the Olympic Games unfold in Paris. It is a great reminder of how aviation transforms our very large world into a global community. We wish France every success as host of the Games and cheer on all the athletes who will be putting in their best human effort in the coming weeks. Walsh said.
Detailed Overview of Air Passenger Market – June 2024
June 2024 Overview
(year-on-year % change)
| territory | World share | RPK growth | ASK increase | PLF modification | PLF level |
|---|---|---|---|---|---|
| total market | 100% | 9.1% | 8.5% | +0.5% | 85.0% |
| Africa | 2.1% | 16.2% | 5.8% | +6.9% | 77.1% |
| Asia Pacific | 31.7% | 12.5% | 9.4% | +2.3% | 82.9% |
| Europe | 27.1% | 8.1% | 8.4% | -0.2% | 87.7% |
| Latin America | 5.5% | 9.1% | 7.3% | +1.4% | 84.2% |
| Middle East | 9.4% | 9.9% | 9.5% | +0.3% | 79.5% |
| North America | 24.2% | 5.4% | 7.3% | -1.6% | 87.6% |
1% industry RPK in 2023
International Passenger Markets – Regional Breakdown
All regions experienced strong growth in international passenger markets in June 2024 compared to June 2023.
- Asia Pacific: The region recorded a 22.6% increase in demand, with capacity increasing by 22.9%. Load factor reached 83.0%, a slight decrease of 0.2 points. The Africa-Asia route was the fastest growing, expanding by 38.1%.
- Europe: European airlines saw a 9.1% increase in demand, a 9.8% increase in capacity. Load factor was down 0.6 points to 87.4%.
- Middle East: Middle Eastern airlines experienced a 9.6% increase in demand, capacity increased by 9.4%. The load factor was 79.7%, a marginal increase of 0.1 points.
- North America: Demand up 6.6%, capacity up 8.6%. Load factor was the highest among all regions at 88.7% despite a 1.6-point decline.
- Latin America: The region saw a 15.3% increase in demand, 15.6% increase in capacity. The load factor was 85.1%, a slight decrease of 0.2 points.
- Africa: African airlines saw a 16.9% increase in demand with 5.8% growth in capacity. Load factor improved by 7.4 points to 77.0%, the largest increase among all regions.
local markets
Except for Japan and Australia, most major markets performed well, showing growth in domestic demand in June. Brazil leads with 7.6% year-on-year growth. Domestic ticket sales for July and August fell 0.9% year-on-year, suggesting a return to pre-pandemic growth rates.
| domestic market | World share | RPK growth | ASK increase | PLF modification | PLF level |
|---|---|---|---|---|---|
| Total domestic | 39.9% | 4.3% | 2.1% | +1.7% | 85.0% |
| Australia | 0.8% | -1.0% | -1.2% | +0.2% | 81.0% |
| Brazil | 1.2% | 7.6% | 3.2% | +3.4% | 82.3% |
| China PR | 11.2% | 5.5% | -2.0% | +5.9% | 83.0% |
| India | 1.8% | 5.2% | 9.6% | -3.6% | 87.1% |
| Japan | 1.1% | -0.2% | -0.2% | -0.1% | 73.1% |
| U.S | 15.4% | 5.1% | 7.1% | -1.7% | 86.8% |
1% industry RPK in 2023
Note: The six domestic markets for which detailed data is available account for approximately 31.4% of the global total RPK and 78.8% of the total domestic RPK.