Global passenger demand hits all-time high in September
ABU DHABI, November 1, 2024
The total passenger demand (measured in revenue passenger kilometers), surged by 7.1% in September over last year, hitting an all-time high for the month, according to a report by International Air Transport Association (IATA).
The total capacity, measured in available seat kilometers (ASK), was up 5.8% year-on-year. The September load factor was 83.6% (+1.0ppt compared to September 2023).
According to IATA, international demand rose 9.2% compared to September 2023. Capacity was up 9.1% year-on-year and the load factor rose to 83.8% (+0.1ppt compared to September 2023).
Domestic demand rose 3.7% compared to September 2023. Capacity was up 0.7% year-on-year and the load factor was 83.3% (+2.4ppt compared to September 2023).
According to IATA, all regions showed growth for international passenger markets in September compared to the year before.
Load factor was a mixed bag: Europe had the highest load factors, and Asia and African carriers also improved, but the Americas and the Middle East suffered falls, stated IATA in its report.
Asia-Pacific airlines achieved an 18.5% year-on-year increase in demand. Capacity increased 17.7% year-on-year and the load factor was 82.6% (+0.5ppt compared to September 2023).
European carriers saw a 7.6% year-on-year increase in demand. Capacity increased 7.4% year-on-year, and the load factor was 85.9% (+0.2ppt compared to September 2023).
Middle Eastern carriers saw a 4.4% year-on-year increase in demand. Capacity increased 4.6% year-on-year and the load factor was 81.4% (-0.1ppt compared to September 2023).
North American carriers saw a 0.5% year-on-year increase in demand. Capacity increased 1.9% year-on-year, and the load factor was 84.4% (-1.1 ppt compared to September 2023).
Latin American airlines saw a 12.4% year-on-year increase in demand. Capacity climbed 13.9% year-on-year. The load factor was 84.3% (-1.1ppt compared to September 2023).
African airlines saw an 11.9% year-on-year increase in demand. Capacity was up 6.6% year-on-year. The load factor rose to 76.0% (+3.6ppt compared to September 2023).
"The year’s peak travel season ended with demand at an all-time high. This is good news not just for passengers but also for the global economy. Every flight creates more jobs and trade. But the air travel success story is bringing challenges," remarked Willie Walsh, the IATA’s Director General.
"We will soon face a capacity crunch in some regions which threatens to curtail these economic and social benefits. Government’s will face a choice: lose out to more dynamic nations who value global connectivity, or forge a consensus for sustainable growth," he stated.
"Airlines are making significant investments to achieve net zero carbon emissions by 2050. That needs to be accompanied by an equally active political vision, backed-up by actions, to ensure we have efficient and sufficient airport and air traffic management capacity to meet the needs of citizens and businesses to travel," he added.-TradeArabia News Service
