IATA Reports Latest Airline Passenger Traffic Data

Dark/Light Mode (01/08/24)  IATA has reported that in June 2024, total global passenger demand, measured in revenue passenger kilometers (RPK), was up 9.1% compared to June 2023.

Total capacity, measured in available seat kilometers (ASK), increased 8.5% year-on-year (y-o-y), whilst the load factor for the month was 85%, +0.5 percentage points (ppt) compared to June 2023.

International demand rose 12.3% compared to June 2023, capacity was up 12.7% y-o-y and the load factor improved to 85%, down 0.3 ppt on June 2023.

Domestic demand rose 4.3% compared to June 2023, capacity was up 2.1% y-o-y and the load factor was 85%, up 1.7 ppt compared to June 2023.

Loganair ATR 42-500 reg: G-LMRA at LHR. Picture by Steven Howard of TravelNewsAsia.com

“Demand grew across all regions as the peak northern summer travel season began in June. And with overall capacity growth lagging demand we saw a very strong average load factor of 85% achieved in both domestic and international operations. Operating with such high load factors is both good and challenging. It makes it even more important for all the stakeholders to operate with equal levels of efficiency to minimize delays and get travelers to their destinations on schedule,” said Willie Walsh, IATA’s Director General. “As the Olympic Games unfold in Paris there is pride across the aviation industry for its continuing role in supporting the Olympic story by bringing many of the athletes, fans, and officials together. It is a great reminder of how aviation transforms our very big world into a global community. We wish France every success as the host of the games and cheer all the athletes who will demonstrate the best of human endeavor over the next weeks.”

All regions showed strong growth for international passenger markets in June 2024 compared to June 2023.

Asia-Pacific airlines’ growth remained strong, with a 22.6% y-o-y increase in demand. Capacity increased 22.9% y-o-y and the load factor was 83% , down 0.2 ppt compared to June 2023. The Africa-Asia route was the fastest expanding regional pair, growing 38.1%.

European carriers saw a 9.1% y-o-y increase in demand, capacity jumped 9.8% and the load factor was 87.4%, down 0.6 ppt compared to June 2023.

Middle Eastern airlines reported a 9.6% y-o-y rise in demand with capacity increasing 9.4% and the load factor was 79.7%, up 0.1 ppt compared to June last year.

North American carriers saw a 6.6% y-o-y improvement in demand, whilst capacity increased 8.6% and the load factor was 88.7%, down -1.6 ppt compared to June 2023, the highest among regions.

Latin American airlines enjoyed a 15.3% y-o-y increase in demand with capacity climbing 15.6% and the load factor was 85.1%, down -0.2 ppt compared to June the previous year.

African airlines reported a 16.9% y-o-y rise in demand with capacity up 5.8% and the load factor at 77%, up 7.4 ppt compared to June 2023 - the largest improvement in load factor amongst all regions.

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