Air travel almost hits 2019 mark

SINGAPORE, 15 January 2024: Globally, airline site visitors measured in income passenger kilometres is now at 99.1% of November 2019 ranges, the  Worldwide Air Transport Affiliation (IATA) reviews in its newest information for November 2023.

Whole site visitors in November 2023 (measured in income passenger kilometres or RPKs) rose 29.7% in comparison with November 2022. That’s 99.1% of November 2019 ranges.

Worldwide site visitors rose 26.4% versus November 2022. The Asia-Pacific area continued to report the strongest year-over-year outcomes (+63.8%), with all areas displaying enchancment in comparison with the earlier yr. November 2023, worldwide RPKs reached 94.5% of November 2019 ranges.

Home site visitors for November 2023 was up 34.8% in comparison with November 2022. Whole November 2023 home site visitors was 6.7% above the November 2019 stage. Development was notably sturdy in China (+272%) because it recovered from the Covid journey restrictions that had been nonetheless in place a yr in the past. US home journey, benefitting from sturdy Thanksgiving vacation demand, reached a brand new excessive, increasing +9.1% over November 2019.

“We’re shifting ever nearer to surpassing the 2019 peak yr for air journey. Financial headwinds will not be deterring folks from taking to the skies. Worldwide journey stays 5.5% under pre-pandemic ranges, however that hole is quickly closing. And home markets have been above their pre-pandemic ranges constantly since April,” mentioned IATA’s director basic Willie Walsh.

Worldwide Passenger Markets

Asia-Pacific airways had a 63.8% rise in November site visitors in comparison with November 2022, the area’s strongest year-over-year fee. Capability rose 58.0%, and the load issue was up 2.9 share factors to 82.6%.

European carriers’ November site visitors climbed 14.8% versus November 2022. Capability elevated by 15.2%, and cargo issue declined by 0.3 share factors to 83.3%.

Center Jap airways noticed an 18.6% site visitors rise in November in comparison with November 2022. November capability elevated 19.0% versus the year-ago interval, and the load issue fell 0.2 share factors to 77.4%.

North American carriers skilled a 14.3% site visitors rise in November versus 2022. Capability elevated by 16.3%, and the load issue fell 1.4 share factors to 80.0%.

Latin American airways’ November site visitors rose 20.0% in comparison with the identical month in 2022. November capability climbed 17.7%, and the load issue elevated 1.7 share factors to 84.9%, the best of any area.

African airways had a 22.1% rise in November RPKs versus a yr in the past. November 2023 capability was up 29.6%, and the load issue fell 4.3 share factors to 69.7%, the bottom amongst areas.

The Backside Line

“Aviation’s speedy restoration from Covid demonstrates simply how vital flying is to folks and to companies. In parallel with aviation’s restoration, governments recognised the urgency of transitioning from jet gasoline to Sustainable Aviation Gasoline (SAF) for aviation’s decarbonisation. In November, the Third Convention on Aviation Different Fuels (CAAF/3) noticed governments agree that we must always see 5% carbon financial savings by 2030 from SAF. This was adopted up at COP28 in December, the place governments agreed that we want a broad transition from fossil fuels to keep away from the worst results of local weather change.  

“Airways don’t want convincing. They agreed to realize internet zero carbon emissions by 2050, and each drop of SAF ever made in that effort has been purchased and used. There merely shouldn’t be sufficient SAF being produced. So we glance to 2024 because the yr when governments observe up on their declarations and at last ship complete coverage measures to incentivise the speedy scaling-up of SAF manufacturing,” Walsh concluded.

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