Passenger Demand Up 10.7% in May
3 July 2024 (Geneva) - The International Air Transport Association (IATA) released data for May 2024 global passenger demand with the following highlights:
· Total demand, measured in revenue passenger kilometers (RPKs), was up 10.7% compared to May 2023. Total capacity, measured in available seat kilometers (ASK), was up 8.5% year- on-year. The May load factor was 83.4% (+1.7ppt compared to May 2023), a record high for May.
· International demand rose 14.6% compared to May 2023. Capacity was up 14.1% year-on- year and the load factor improved to 82.8% (+0.3ppt on May 2023).
· Domestic demand rose 4.7% compared to May 2023; capacity was up 0.1% year-on-year and the load factor was 84.5% (+3.8ppt compared to May 2023).
“Strong demand for travel continues with airlines posting a 10.7% year-on-year increase in travel for May. Airlines filled 83.4% of their seats, a record for the month. With May ticket sales for early peak- season travel up nearly 6%, the growth trend shows no signs of abating. Airlines are doing everything they can to ensure smooth journeys for all travelers over the peak northern summer period. But our expectations of air navigation service providers (ANSPs) are already being tested. With 5.2 million minutes of air traffic control delays racked up in Europe even before the peak season begins, it is clear that Europe’s ANSPs have unresolved challenges. And the 32,000 flight delays over the Memorial Day weekend in May show that challenges persist in the US too. Airlines are accountable to their customers; ANSPs must be as well. ANSP performance matters to their airline customers and to millions of travelers. We all need them to do their job efficiently,” said Willie Walsh, IATA’s Director General.
Air passenger market in detail - May 2024 |
|||||
|
World |
|
May 2024 (% year-on-year) |
|
|
|
share1 |
RPK |
ASK |
PLF (%-pt) |
PLF (level) |
TOTAL MARKET |
100.0% |
10.7% |
8.5% |
1.7% |
83.4% |
Africa |
2.1% |
13.4% |
8.5% |
3.2% |
72.9% |
Asia Pacific |
31.7% |
14.9% |
9.2% |
4.0% |
81.8% |
Europe |
27.1% |
10.3% |
9.7% |
0.4% |
85.2% |
Latin America |
5.5% |
7.9% |
5.3% |
2.0% |
83.4% |
Middle East |
9.4% |
10.2% |
8.9% |
0.9% |
80.8% |
North America |
24.2% |
6.5% |
6.5% |
0.0% |
85.8% |
1% of industry RPKs in 2023 |
|
|
|
|
Regional Breakdown - International Passenger Markets
All regions showed strong growth for international passenger markets in May 2024 compared to May 2023. The load factor increased in all regions except North America.
Asia-Pacific airlines continue to lead the way, with a 27.0% year-on-year increase in demand. Capacity increased 26.0% year-on-year and the load factor rose to 81.6% (+0.6ppt compared to May 2023). This performance maintains Asian carriers as the largest contributor to
industry-wide growth in May, accounting for 42% of the year-on-year increase.
European carriers saw an 11.7% year-on-year increase in demand. Capacity increased 11.3% year-on-year, and the load factor was 84.7% (up 0.3ppt compared to May 2023).
Middle Eastern airlines saw a 9.7% year-on-year increase in demand. Capacity increased 9.0% year-on-year and the load factor increased 0.5ppt to 80.7% compared to May 2023. Asian routes to the Middle East are particularly strong, now standing some 32% higher than in 2019. Another notable development is the Europe-Middle East route, which saw an April-May RPK increase for two years in a row, reversing the previous historic pattern of a decline between these months. In the coming months, it will become clearer to what extent these trends could be related to the Russia-Ukraine war.
North American carriers saw an 8.1% year-on-year increase in demand. Capacity increased 9.7% year-on-year, and the load factor fell to 84.0% (-1.2ppt compared to May 2023).
Latin American airlines saw a 15.9% year-on-year increase in demand. Capacity climbed 14.3% year-on-year. The load factor rose to 85.1% (+1.2ppt compared to May 2023), the highest among the regions.
African airlines saw a 14.1% year-on-year increase in demand. Capacity was up 8.2% year- on-year. The load factor rose to 72.3% (+3.7ppt compared to May 2023). This was the fastest increase in load factor among all regions, although Africa still has the lowest load factor overall.
Domestic markets
Domestic demand increased at a stable pace in May. China’s growth rate surged in line with the post- Labor Day holidays. Japan declined -1.8% possibly reflecting low business and consumer confidence.
Air passenger market in detail - May 2024
|
World |
|
May 2024 (% year-on-year) |
|
|
|
share1 |
RPK |
ASK |
PLF (%-pt) |
PLF (level) |
Domestic |
39.9% |
4.7% |
0.1% |
3.8% |
84.5% |
Dom. Australia |
0.8% |
4.4% |
1.4% |
2.3% |
79.1% |
Domestic Brazil |
1.2% |
0.6% |
-3.0% |
2.9% |
79.4% |
Dom. China P.R. |
11.2% |
7.6% |
-4.8% |
9.4% |
82.3% |
Domestic India |
1.8% |
4.6% |
8.2% |
-3.0% |
88.6% |
Domestic Japan |
1.1% |
-1.8% |
-0.4% |
-1.1% |
72.3% |
Domestic US |
15.4% |
6.0% |
5.3% |
0.6% |
86.7% |
1% of industry RPKs in 2023 |
|||||
Note: the six domestic passenger markets for which broken-down data are available account for approximately 31.4% of global total RPKs and 78.8% of total domestic RPKs |
Home >> Travel & Tourism Section
Highlights From Day Five of Dubai Fashion Week SS'25
Kalba Tigers roar the best in mini-football 5s
People of Determination Share their Success Stories at Mohammed Bin Rashid Libra ...
IMAN Developers onboards Versace Ceramics for One Sky Park in Jumeirah Village C ...
IIFA Announces “IIFA Dance Mania” – A Chance To Earn A Spot On The Grand IIFA S ...
LG To Introduce Exciting Vision For Future Living With 'LG Ai Home' Innovations ...
Dubai Sports Council hosts footballers Marco Asencio and Bakary Sagna along with ...
Highlights from Day Four of Dubai Fashion Week SS'25
The Charismatic Duo Siddhant Chaturvedi And Abhishek Banerjee Set To Shine As Ho ...
SharkNinja unveils newest innovations to positively impact people's lives in eve ...
Hungarian Ambassador Visits Dubai Culture to Explore Cultural Collaboration
Etihad airways announces new routes to warsaw and prague
The Abu Dhabi International Hunting and Equestrian Exhibition 2024 hosts the lar ...
Signature scents in the sky: Emirates creates new exclusive fragrances with luxu ...
Half a Million Birds Released to Boost the Sustainability of Houbara Populations ...
Union Coop Announces Price Reductions on 600 Products
Emirates wishes 'Onashamsakal' to customers celebrating Onam
Union Coop Agrees to Collaborate with Watani Al Emarat Foundation
1st Edition of 'Talent Atelier' programme opens horizons for Emirati Designers
Wizz air expands network with its first long-haul route connecting abu dhabi wit ...