GENEVA – The International Air Transport Association (IATA) released data for July 2024 global passenger demand with the following highlights:
“July was another positive month. In fact, passenger demand hit an all-time high for the industry and in all regions except Africa, despite significant disruption caused by the CrowdStrike IT outage,” said Willie Walsh, Director General of IATA.
“The winding down of the peak northern summer season is a reminder of how much people depend on flying. As the mix of travelers shift from leisure to business, aviation’s many roles are evident – reuniting families, enabling exploration, and powering commerce. People need and want to fly. And they are doing that in great numbers. Load factors are at the practicable maximum. But persistent supply chain bottlenecks have made deploying the capacity to meet the need to travel more challenging. As much of the world returns from vacation, there is an urgent call for manufacturers and suppliers to resolve their supply chain issues so that air travel remains accessible and affordable to all those who rely on it,” said Walsh.
| Air passenger market in detail – July 2024 | ||||||
| World | July 2024 (% year-on-year) | |||||
| share1 | RPK | ASK | PLF (%-pt) | PLF (level) | ||
| TOTAL MARKET | 100.0% | 8.0% | 7.4% | 0.5% | 86.0% | |
| Africa | 2.1% | 6.6% | 5.8% | 0.6% | 75.0% | |
| Asia Pacific | 31.7% | 12.0% | 9.8% | 1.6% | 83.4% | |
| Europe | 27.1% | 7.2% | 7.0% | 0.1% | 88.2% | |
| Latin America | 5.5% | 7.5% | 8.4% | -0.7% | 86.2% | |
| Middle East | 9.4% | 6.1% | 5.5% | 0.5% | 84.0% | |
| North America | 24.2% | 4.9% | 5.1% | -0.2% | 88.9% | |
1% of industry RPKs in 2023
According to IATA, all regions showed strong growth for international passenger markets in July 2024 compared to July 2023, with signs that many markets are returning to long-term growth trends after the post-pandemic bounce back.
IATA reports that domestic demand increased in July, with solid growth resulting in all key markets, bar India, reaching all-time highs. Brazil once again expanded fastest, while Japan and Australia rebounded from the previous month’s negative growth.
| Air passenger market in detail – July 2024 | |||||||
| World | July 2024 (% year-on-year) | ||||||
| share1 | RPK | ASK | PLF (%-pt) | PLF (level) | |||
| Domestic | 39.9% | 4.8% | 2.8% | 1.7% | 86.1% | ||
| Dom. Australia | 0.8% | 2.6% | 4.3% | -1.4% | 84.0% | ||
| Domestic Brazil | 1.2% | 8.9% | 7.1% | 1.4% | 84.8% | ||
| Dom. China P.R. | 11.2% | 7.1% | 1.6% | 4.3% | 83.4% | ||
| Domestic India | 1.8% | 7.7% | 6.5% | 0.9% | 85.1% | ||
| Domestic Japan | 1.1% | 4.0% | -0.2% | 3.2% | 78.3% | ||
| Domestic US | 15.4% | 5.0% | 4.9% | 0.1% | 88.5% | ||
| 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 | |||||||
The article IATA: International demand rose 10.1% in July first appeared in TravelDailyNews International.
