Wednesday, December 6, 2023
The International Air Transport Association (IATA) announced that the ongoing passenger recovery demand continued in October.
Total passenger traffic in October 2023 (measured in revenue passenger kilometers or RPKs) rose 31.2% in comparison with October 2022. Globally, traffic is now at 98.2% of pre-COVID levels.
Domestic traffic for October rose 33.7% versus October 2022, driven by the triple-digit percentage growth recorded in China, and was 4.8% above the October 2019 results.
International traffic climbed 29.7% compared to the same month a year ago. All markets saw double-digit percentage gains year on year.
International RPKs reached 94.4% of October 2019 levels.
October’s strong result brings the industry ever closer to completing the post-pandemic traffic recovery.
Domestic markets remain above pre-COVID levels. International demand is recovering, but more slowly.
In particular, Asia Pacific carriers’ international demand is 19.5% behind 2019.
This could reflect the late lifting of COVID restrictions in parts of the region as well as commercial developments and political tensions, said Willie Walsh, IATA’s Director General.
International Passenger Markets
Asia-Pacific airlines saw an 80.3% increase in October 2023 traffic compared to October 2022, continuing to lead the regions.
Capacity climbed 72.5% and the load factor increased by 3.6 percentage points to 82.9%.
European carriers’ October 2023 traffic rose 16.1% versus October 2022. Capacity increased 14.5%, and load factor edged up 1.2 percentage points to 85.1%.
Middle Eastern airlines posted a 24.1% rise in October 2023 traffic in comparison with thata year ago.
Capacity rose 22.2% and load factor climbed 1.2 percentage points to 80.6%.
There was little impact at the regional and global levels from the Israel-Hamas war, despite reduced airline operations to/from Israel.
North American carriers had a 17.5% traffic rise in October 2023 versus the 2022 period. Capacity also increased 17.5%, and load factor was stable at 83.9%.
Latin American airlines’ traffic rose 21.2% compared to the same month in 2022. October capacity climbed faster — up 22.3% — pushing load factor down 0.8 percentage points to 85.3%, highest among the regions.
African airlines saw a 25.3% traffic increase in October 2023 versus a year ago.
October capacity was up 32.4% causing load factor to decline 4.0 percentage points to 70.3%, lowest among the regions.
Brazil’s domestic RPKs rose 8.9% compared to a year ago and were 1.1% above the 2019 result.
US domestic demand climbed 7.9% in October, but this was exceeded by a 12.9% rise in capacity, pushing domestic load factor down for a third straight month, to 83.2%.
Tags: airlines, IATA, passenger traffic
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