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News 2024


February 2024 IATA Air Passenger Market Analysis 
Published April 3. IATA Economic Reports.

Global passenger numbers greater than pre-COVID


Highlights

  • In February 2024, the airline industry achieved full recovery in total passenger traffic, surpassing the 2019 threshold by 5.7%. Annual growth in Revenue Passenger-Kilometers (RPK) reached 21.5% year-on-year (YoY). Passenger load factors (PLF) improved in comparison to the previous year and settled in the vicinity of pre-pandemic levels.
  • Domestic traffic grew 13.7% over 2019 levels and 15.0% over the year, reflecting the strong performance of all major markets as well as the intense travel period around the Lunar New Year that pushed PR China domestic traffic to new highs (+31.5% YoY).
  • International traffic was 0.9% higher than February 2019 figures, while annual growth reached an impressive 26.3%. Asia Pacific continued to lead the regions in terms of growth, as the comeback of international travel from and to that region continued. The markets which had experienced an earlier rebound also displayed solid traffic growth this month.
  • Ahead of the Lunar New Year, ticket sales significantly increased, for both domestic and international travel. This peak in demand was followed by a brief slowdown in ticket purchases. Over the month of March, ticket sales stabilized, indicating resilient demand for air travel.

Africa-Europe route traffic increases by 5.9% YoY

African airlines’ experienced a 1.4% traffic increase in international passenger numbers. The Africa-Europe route saw a 5.9% traffic increase YoY revealing resilient growth figures and indicating consistent expansion.


Industry-wide traffic surpassed 2019 pre-pandemic levels in February

Industry-wide air passenger traffic, measured in revenue passenger-kilometers (RPK), surpassed 2019 levels in February 2024, marking the first occurrence of full global recovery in both, domestic and international, travel segments. Total RPK were 5.7% higher than February 2019 figures, while international and domestic traffic saw 0.9% and 13.7% growth over the same period, respectively. Download the full report...