Air Travel Nears Full Recovery From Pandemic, Traffic at 99% of 2019 Levels — OPIS


Printed: Jan. 10, 2024 at 7:43 a.m. ET

The Worldwide Air Transport Affiliation (IATA) reported Wednesday that world air site visitors recovered to 99.1% of 2019 ranges in November, as worldwide journey continues to climb in direction of pre-pandemic charges.

World air journey development decelerated barely in November, however remained sturdy with income passenger kilometers (RPKs) up 30% from a yr earlier. Worldwide site visitors climbed 26%, reflecting development of virtually 65% within the Asia-Pacific area, however stays 5.5% beneath 2019 ranges.

In the meantime,…

The Worldwide Air Transport Affiliation (IATA) reported Wednesday that world air site visitors recovered to 99.1% of 2019 ranges in November, as worldwide journey continues to climb in direction of pre-pandemic charges.

World air journey development decelerated barely in November, however remained sturdy with income passenger kilometers (RPKs) up 30% from a yr earlier. Worldwide site visitors climbed 26%, reflecting development of virtually 65% within the Asia-Pacific area, however stays 5.5% beneath 2019 ranges.

In the meantime, home site visitors rose 35% to 106.7% of 2019 ranges, as China recovered from pandemic-related journey restrictions that have been nonetheless in place in November 2022 and the U.S. benefited from record-high Thanksgiving vacation demand.

“We’re shifting ever nearer to surpassing the 2019 peak yr for air journey. Financial headwinds will not be deterring individuals from taking to the skies,” mentioned IATA director normal Willie Walsh.

Market sources have famous that air journey demand and jet gasoline consumption have not recovered on the identical tempo, primarily as a result of new planes burn considerably much less gasoline.

The Worldwide Vitality Company forecast final month that world jet gasoline and kerosene demand will stay broadly flat in 2024 at 7.2 million barrels/day.

This content material was created by Oil Worth Data Service, which is operated by Dow Jones & Co. OPIS is run independently from Dow Jones Newswires and The Wall Avenue Journal.

–Reporting by Jaime Llinares Taboada, jllinares@opisnet.com; Enhancing by Rob Sheridan, rsheridan@opisnet.com



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