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The International Air Transport Association has released their data for November 2024 global passenger demand with the following highlights:
*Total demand, measured in revenue passenger kilometers (RPK), was up 8.1 per cent compared to November 2023. Total capacity, measured in available seat kilometers (ASK), was up 5.7 per cent year-on-year. The November load factor was 83.4 per cent (+1.9 ppt compared to November 2023), an all-time high for November.
*International demand rose 11.6 per cent compared to November 2023. Capacity was up 8.6 per cent year-on-year, and the load factor was 83.4 per cent (+2.3 ppt compared to November 2023). Strong performance by carriers in Europe and Asia-Pacific drove this double-digit expansion in demand.
*Domestic demand rose 3.1 per cent compared to November 2023. Capacity was up 1.5 per cent year-on-year and the load factor was 83.5 per cent (+1.2 ppt compared to November 2023).
“November was another month of strong growth in the demand for air travel with an overall expansion of 8.1 per cent,” says IATA director general Willie Walsh.
“The month was also another reminder of the supply chain issues that are preventing airlines from getting the aircraft they need to meet growing demand. Capacity growth is lagging demand by 2.4 ppts and load factors are at record levels.
“Airlines are missing out on opportunities to better serve customers, modernize their products and improve their environmental performance because aircraft are not being delivered on time. The 2025 New Year’s resolution for the aerospace manufacturing sector must be finding a fast and durable solution for their supply chain issues.”
All regions showed growth for international passenger markets in November 2024 compared to November 2023. Europe had the highest load factors (85.0 per cent) while Asia-Pacific led on growth with a 19.9 per cent year-on-year expansion in demand.
Asia-Pacific airlines achieved a 19.9 per cent year-on-year increase in demand. Capacity increased 16.2 per ent year-on-year and the load factor was 84.9 per cent (+2.6 ppt compared to November 2023).
