Search DubaiPRNetwork.com

Dubai and UAE
Home >> Travel, Tourism, Airline and Hotel

Passenger Demand Recovery Continues On Track in October

Monday, June 3, 2024/ Editor -  

Share

Home >> Travel, Tourism, Airline and Hotel
6  December 2023 - The International Air Transport Association (IATA) announced that the ongoing recovery in passenger demand continued in October. 
• Total traffic in October 2023 (measured in revenue passenger kilometers or RPKs) rose 31.2% compared to 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 compared to a 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.
 
The Bottom Line
“People assign a high value to the freedom to travel. The strong demand we’ve seen all year confirms that. And aviation is committed to ensuring that people can continue to enjoy this freedom. To do that in the long-term, we must also meet our commitment to achieve net zero carbon emissions by 2050. Last month, the Third Conference on Aviation Alternative Fuels (CAAF/3) agreed a global framework to promote Sustainable Aviation Fuel (SAF) production with the aim that aviation fuel in 2030 is 5% less carbon intensive than fossil fuel used today. Now, governments need to support that target by immediately putting in place policies to stimulate SAF production. It bears repeating: last year, every drop of SAF that was produced was purchased. The same thing will occur this year. But, with a few notable exceptions, governments are not living up to their obligations to ensure SAF is plentiful and affordable to support the industry’s energy transition,” said Walsh. 

Previous in Travel, Tourism, Airline and Hotel

Next in Travel, Tourism, Airline and Hotel


Home >> Travel, Tourism, Airline and Hotel Section

Latest Press Release

ADNEC Group signs Solar Power Purchase Agreement with Positive Zero to accelerat ...

Record breaking year: wizz air abu dhabi achieves 20% year on year growth

Etihad Rail Launches Region's First Carbon Emission Avoidance and Reduction Cert ...

G42 and UAE Team Emirates XRG Announce Multi-Year Partnership

Arab Health marks its 50th-anniversary celebration with the launch of four new c ...

Ministry of Finance Meets with IMF Article IV Consultation Mission

Celebrate the Joy of Home Decor this New Year with REDTAG's Chic and Diverse Hom ...

AUS President's Scholarship: Opening doors to excellence for international stude ...

TONDA PF XIALI CHINESE CALENDAR

Expansion at EGA's US recycling firm Spectro Alloys reaches construction milesto ...

Baseball United Announces Dates for Historic UAE Series in Dubai

Turkish Airlines Resumes Flights to Benghazi, Libya's Second-Largest City

Mubadala Acquires Majority Stakes in Global Medical Supply Chain and Al Ittihad ...

Emirates boosts Madagascar flights to meet robust travel demand

The blend of heritage and modernity in santoni s/s 25 campaign

Department of Energy and Aldar Partner to Advance Energy and Water Efficiency an ...

Ministry of Finance Signs Strategic MoU with Chartered Institute of Purchasing a ...

Revolutionary embodied carbon calculator launched at Light + Intelligent Buildin ...

Dubai Jewellery Group Marks a Dazzling Finale with AED 1.5 Million in Gold for D ...

Trinasolar Advances UAE's Clean Energy Vision with Groundbreaking Green Hydrogen ...