Global air travel demand to rise 3 percent above 2019 levels this year: ICAO

Passenger visitors ranges anticipated to surpass pre-pandemic figures by 2 % in 2024

In its newest report, the International Civil Aviation Organization (ICAO) has forecasted a gradual restoration in international air journey, with passenger visitors ranges anticipated to exceed pre-pandemic figures in 2024. ICAO forecasts a 3 % enhance in international demand for air journey above 2019 ranges. This enhance might attain 4 % if the tempo of restoration accelerates within the routes that haven’t but reached pre-pandemic ranges. Furthermore, it expects passenger air visitors ranges to be round 2 % greater than in 2019.

Regardless of financial challenges, the worldwide aviation trade is predicted to maintain its working profitability, reflecting resilience and adaptableness within the face of ongoing uncertainties.

Sustainable development amidst restoration

Along with the rise in passenger visitors ranges and demand for air journey, ICAO expects the trade to develop at a compound annual development charge (CAGR) of round 0.5 % over the 2019-2024 interval.

The dedication of ICAO member states to the steerage of the ICAO Council has been essential to the restoration of their air companies following the pandemic. Commenting on the report, ICAO Council president Salvatore Sciacchitano said: “The implementation of ICAO’s post-pandemic steerage is now equally essential to making sure the resilience and sustainability of this restoration.”

Regardless of optimistic development forecasts in air journey, ICAO expects international demand for freight tonne-kilometres (FTK) to stay roughly 2 % under 2019 ranges in 2024. This displays broader financial weaknesses worldwide and a decline in demand.

Decarbonization objectives

Juan Carlos Salazar, ICAO secretary normal, highlights governments’ objectives to decarbonize air transport by 2050. He states that these objectives help the sustainability, restoration, and future improvement of the worldwide air journey community. Furthermore, he emphasizes the significance of ICAO’s initiatives in accelerating the event and implementation of the applied sciences, operational enhancements, and cleaner aviation energies that decarbonization requires.

“ICAO’s newest air visitors forecasts are promising for international improvement and a reminder that the worldwide neighborhood should speed up its sustainability efforts, significantly to guarantee the manufacturing and deployment of sustainable aviation fuels in adequate portions,” Salazar added.

Read: Saudi Arabia’s air traffic surpasses pre-pandemic levels in 2023 with 112 million passengers

Insights from 2023

ICAO’s evaluation of 2023 revealed that air visitors on most routes had already surpassed pre-pandemic ranges by the top of the 12 months, indicating a near-complete restoration of world air journey at round 95 % of pre-pandemic ranges. Main regional routes, significantly these inside Europe, North America and the Center East, demonstrated sturdy efficiency, with important visitors development. Nevertheless, most worldwide Asian routes, apart from these serving South West Asia, proceed to document decrease ranges in 2023 in comparison with 2019.

Regardless of challenges equivalent to excessive gasoline costs and financial uncertainties, airways forecast whole working income of $39 billion in 2023, aligning with pre-pandemic ranges. Productiveness positive aspects and elevated passenger yields contributed to this profitability, with airways in North America and Europe rising as key beneficiaries.

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