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Friday,  May 24, 2024 3:29 AM 

Global air passenger demand was up 21.5% in February: IATA

  • Air
  •   04-04-2024  10:23 am
  •   Pax Global Media

Global air passenger demand was up 21.5% in February: IATA
The International Air Transport Association says global passenger demand for February 2024 was up 21.5%. (Pax Global Media/file photo)
Pax Global Media

The International Air Transport Association (IATA) says passenger demand for February was up 21.5 per cent compared to the same time last year.

Total capacity, measured in available seat kilometre (ASK), was up 18.7 per cent year-on-year, IATA says. The February load factor was 80.6 per cent compared to February 2023.

International demand rose 26.3 per cent compared to February 2023; capacity was up 25.5 per cent year-on-year and the load factor improved to 79.3 per cent, IATA says.

Domestic demand rose 15.0 per cent compared to February 2023; capacity was up 9.4 per cent year-on-year and the load factor was 82.6 per cent.

Note that February 2024 was a leap year with one extra day compared to February 2023. “This slightly exaggerates growth in both demand and capacity to the positive,” IATA says.

North American carriers saw a 16.0 per cent year-on-year increase in demand, while capacity increased 17.6 per cent year-on-year and the load factor fell to 77.7 per cent compared to February 2023, IATA says.

“The strong start to 2024 continued in February with all markets except North America reporting double-digit growth in passenger traffic,” said Willie Walsh, IATA’s director general, in a statement. “There is good reason to be optimistic about the industry’s prospects in 2024 as airlines accelerate investments in decarbonization and passenger demand shows resilience in the face of geopolitical and economic uncertainties.”

However: “It is critical that politicians resist the temptation of cash grabs with new taxes that could destabilize this positive trajectory and make travel more expensive," Walsh said. "In particular, Europe is a worry as it seems determined to lock in its sluggish economic recovery with uncompetitive tax proposals.”


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