Global Air Travel Recovery at 99 % of 2019 Degree, according to IATA

The International Air Transport Association ( IATA ) provided information on air travel performance in November 2023, and it was found that the demand exceeded 99 % of the levels seen in 2019.
When revenue passenger kilometers ( RPKs ) were taken into account in November 2023, the overall volume of traffic increased by 29.7 % over that year. 99.1 % of the rates seen in November 2019 have been reached by international visitors today.
Compared to November 2022, the need for international passengers increased by a sizeable 26.4 %. Notably, the Asia-Pacific region showed the strongest year-over-year growth ( +63.8 % ), and all regions showed improvement over the prior year. International revenue passenger kilometers ( RPKs ) increased by an impressive 94.5 % from November 2019 to November 2023.
Domestic travel saw a sizable increase of 34.8 % in November 2023 compared to Nov. 2022. Additionally, it beat the level from November 2019 by 6.7 %. Notably, China experienced remarkable growth of 272 % as it overcame COVID-imposed travel restrictions, while domestic travel in the US peaked in November 2019 and increased by 9.1 % due to high demand over the Thanksgiving holidays.
According to Willie Walsh, the Director General of IATA, heat travel is getting close to reaching its highest level since 2019. Individuals are not hesitant to travel despite financial difficulties. Even though international travel is still 5.5 % lower than it was prior to the pandemic, the gap is closing fast. On the other hand, since April, home markets have continuously outperformed pre-pandemic levels.
Foreign businesses for passengers
The strongest year-over-year price among the parts was the 63.8 % increase in November customers for Asia-Pacific flights compared to November 2022. The load factor increased 2.9 percentage points to 82.6 %, and capacity increased by 58.0 %.
November saw an increase in traffic for German ships of 14.8 % compared to November 2022. Capacity rose 15.2 %, while load factor fell 0.3 percentage points to 83.3 %.
In November, Middle Eastern Airlines saw an 18.6 % increase in traffic compared to November 2022. In comparison to the same time last year, capacity increased by 19.0 % in November, and load factor decreased by 0.2 percentage points to 77.4 %.
Compared to the year 2022, November saw a 14.3 % increase in traffic for North American companies. The load factor decreased by 1.4 percentage points to 80.0 %, while capacity increased by 16.3 %.
November saw a 20.0 % increase in traffic for Latin American carriers over the same period in 2022. The highest load factor of any region, 84.9 %, and capacity increased 17.7 % in November.
In comparison to a year ago, African Airlines ‘ RPKs increased by 22.1 % in November. The load factor decreased by 4.3 percentage points to 69.7 % in November 2023, the lowest among regions, while capacity increased by 29.6 %.
How important flying is to both individuals and businesses is demonstrated by the aircraft industry’s quick healing from COVID. Governments also understood how crucial it was to switch from jet fuel to Sustainable Aviation Fuel ( SAF ) in order to lessen aviation’s carbon footprint. Governments agreed to reduce SAF’s carbon emissions by 5 % by 2030 at the Third Conference on Aviation Alternative Fuels ( CAAF/3 ) in November. At COP28 in December, where institutions agreed on the necessity of switching away from fossil fuels in order to lessen the severe effects of climate change, this responsibility was further strengthened. Carriers have been buying and using SAF and have already made a commitment to achieve net zero carbon emissions by 2050. But, SAF’s present output is inadequate. Hence, it is essential that governments implement comprehensive policy actions in 2024 to carry out their own declarations and guarantee adequate SAF source. Global Air Travel Recovery at 99 % of 2019 Degree, according to IATA