L  L  News & Industry Affairs / IATA

  L      IATA News

Spotlight / 2024 

Spotlight / 2023

News 2024

January 2024 IATA Air Passenger Market Analysis 
Published March 6. IATA Economic Reports.

Passenger growth momentum continues


  • January 2024 was a strong start for the global industry. Total revenue passenger-kilometers (RPK) increased 16.6% year-on-year (YoY) in January, the industry was closer than ever to monthly recovery as traffic levels reached 99.6% of 2019 levels. Harsh weather conditions observed in some countries of the northern hemisphere had limited impact on global traffic numbers.
  • Available seat-kilometers (ASKs) rose by 14.1% YoY, recovering to 99.5% of pre-pandemic capacity. Global passenger load factor increased compared to the previous year and 2019, standing at 79.9%.
  • Domestic traffic drove most of the positive developments observed at the industry level. Domestic RPK grew 6.7% over pre-pandemic levels and 10.4% annually. Monitored economies saw diverse developments, PR China stood out with traffic numbers 15.0% superior to the same month in 2019.
  • International traffic maintained an upward trend, January RPK equaled 95.7% of pre-pandemic levels and increased 20.8% YoY. Over the year, Asia Pacific was once again the fastest growing region while North America continued to lead the regions in terms of recovery to 2019 levels.
  • Ticket sales increased significantly ahead of the Lunar New Year, indicating resilient demand for air travel overall and possibly high traffic for the coming month of February.

African airline traffic increases by 18.5% YoY

African airlines’ saw an 18.5% traffic increase in January 2024 versus a year ago. January capacity was up 19.2% causing load factor to decline 0.4 percentage points to 73.3%, the lowest among the regions. Africa saw 2.9% growth over January 2019, achieving monthly recovery for the first time since the initial impact of the Covid-19 pandemic.

Industry-wide traffic is now closer than ever to monthly recovery

Industry-wide air passenger traffic, measured in revenue passenger-kilometers (RPK), is now closer than ever to achieving monthly recovery, standing just 0.4% under 2019 levels. Download the full report...