{"id":13282,"date":"2024-05-06T13:52:18","date_gmt":"2024-05-06T10:52:18","guid":{"rendered":"https:\/\/aviation-news.info\/?p=13282"},"modified":"2024-05-06T13:52:18","modified_gmt":"2024-05-06T10:52:18","slug":"global-airline-industry-sees-robust-growth-in-passenger-demand-for-march-2024","status":"publish","type":"post","link":"https:\/\/aviation-news.info\/?p=13282","title":{"rendered":"Global airline industry sees robust growth in passenger demand for March 2024"},"content":{"rendered":"<p><span class=\"nx-hypertitle\">AIR TRAVEL<\/span><\/p>\n<div class=\"mkdf-title mkdf-breadcrumb-type mkdf-content-left-alignment\" data-height=\"0\">\n<div class=\"mkdf-title-holder\">\n<div class=\"mkdf-title-subtitle-holder\">\n<div class=\"mkdf-title-subtitle-holder-inner\">\n<h1 class=\"mkdf-title-text\">Global airline industry sees robust growth in passenger demand for March 2024<\/h1>\n<div class=\"mkdf-title-post-info\">\n<div class=\"mkdf-pt-info-section clearfix\">\n<div class=\"mkdf-title-post-author-info\">\n<div class=\"mkdf-title-post-author\">\n<div class=\"mkdf-post-info-author nx-post-author \"><a class=\"mkdf-post-info-author-link\" href=\"https:\/\/www.traveldailynews.com\/author\/theodore-koumelis\/\">Theodore Koumelis<\/a><\/div>\n<\/div>\n<\/div>\n<div class=\"mkdf-post-info-date entry-date updated\">06.05.2024<\/div>\n<div class=\"mkdf-post-info-count\"><span class=\"mkdf-post-count-number\">104<\/span><\/div>\n<\/div>\n<div class=\"nx-post-social\">\n<div id=\"st-1\" class=\"sharethis-inline-share-buttons st-right  st-inline-share-buttons st-animated\">\n<div class=\"st-btn st-first\" data-network=\"facebook\"><img decoding=\"async\" data-src=\"https:\/\/platform-cdn.sharethis.com\/img\/facebook.svg\" alt=\"facebook sharing button\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" \/><\/div>\n<div class=\"st-btn\" 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\/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<article id=\"post-362800\" class=\"post-362800 post type-post status-publish format-standard has-post-thumbnail hentry category-africa category-asia-pacific category-associations category-australia-n-zealand category-aviation category-central-south-america category-europe category-middle-east category-regional-news category-usa-canada tag-iata\">\n<div class=\"mkdf-post-content\">\n<div class=\"mkdf-post-content-featured\">\n<div class=\"mkdf-post-image nx-single-image\">\n<div class=\"tdn-link-img\"><img decoding=\"async\" class=\"skip-lazy wp-post-image\" src=\"https:\/\/www.traveldailynews.com\/wp-content\/uploads\/2024\/05\/IATA.jpg\" sizes=\"(max-width: 1600px) 100vw, 1600px\" srcset=\"https:\/\/www.traveldailynews.com\/wp-content\/uploads\/2024\/05\/IATA.jpg 1600w, https:\/\/www.traveldailynews.com\/wp-content\/uploads\/2024\/05\/IATA-300x169.jpg 300w, https:\/\/www.traveldailynews.com\/wp-content\/uploads\/2024\/05\/IATA-1024x576.jpg 1024w, https:\/\/www.traveldailynews.com\/wp-content\/uploads\/2024\/05\/IATA-768x432.jpg 768w, https:\/\/www.traveldailynews.com\/wp-content\/uploads\/2024\/05\/IATA-1536x864.jpg 1536w, https:\/\/www.traveldailynews.com\/wp-content\/uploads\/2024\/05\/IATA-740x416.jpg 740w\" alt=\"IATA\" width=\"1600\" height=\"900\" \/><\/div>\n<\/div>\n<div class=\"mkdf-post-info-category nx-post-category ptype-post\"><a href=\"https:\/\/www.traveldailynews.com\/category\/aviation\/\" rel=\"category tag\">AVIATION<\/a><\/div>\n<\/div>\n<div>\n<div class=\"nx-native-wrapper \" data-nid=\"9\"><ins class=\"adsbygoogle\" data-ad-client=\"ca-pub-7376621657958615\" data-ad-slot=\"7729402239\" data-adsbygoogle-status=\"done\"><\/p>\n<div id=\"aswift_1_host\"><\/div>\n<p><\/ins><\/div>\n<\/div>\n<div class=\"mkdf-post-text\">\n<div class=\"mkdf-post-text-inner clearfix\">\n<div class=\"tdn-excerpt\">\n<p>March 2024 witnessed a significant 13.8% rise in global passenger demand, indicating a strong recovery and promising trends for the upcoming peak travel season, as per IATA\u2019s latest report.<\/p>\n<\/div>\n<p>GENEVA \u2013 The\u00a0<strong>International Air Transport Association<\/strong>\u00a0(<a href=\"https:\/\/www.traveldailynews.com\/tag\/iata\/\">IATA<\/a>) released data for March 2024 global passenger demand with the following highlights:<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<ul>\n<li>Total demand,\u00a0measured in revenue passenger kilometers (RPKs), was up 13.8% compared to March 2023. Total capacity, measured in available seat kilometers (ASK), was up 12.3% year-on-year. The March load factor was 82.0% (+1.0ppt compared to March 2023).<\/li>\n<li>International demand\u00a0rose 18.9% compared to March 2023; capacity was up 18.8% year-on-year and the load factor improved to 81.6% (+0.1ppt on March 2023).<\/li>\n<li>Domestic demand\u00a0rose 6.6% compared to March 2023; capacity was up 3.4% year-on-year and the load factor was 82.6% (+2.5ppt compared to March 2023).<\/li>\n<\/ul>\n<p><em>\u201cDemand for travel is strong. And there is every indication that this should continue into the peak Northern Summer travel season. It is critical that we have the capacity to meet this demand and ensure a hassle-free travel experience for passengers. That means making urgent progress to resolve supply chain issues and for airports and air traffic management to be fully staffed and operating at maximum efficiency. While airlines are prepared for customer care and assistance when operational issues arise, they are fed-up of bearing the cost when delays and cancellations are the result of poor preparation in other parts of the value chain,\u201d<\/em>\u00a0said Willie Walsh, IATA\u2019s Director General.<\/p>\n<table width=\"703\">\n<tbody>\n<tr>\n<td colspan=\"4\" width=\"403\"><strong>Air passenger market in detail \u2013 March 2024<\/strong><\/td>\n<td width=\"100\"><\/td>\n<td width=\"100\"><\/td>\n<td width=\"100\"><\/td>\n<\/tr>\n<tr>\n<td width=\"159\"><strong>\u00a0<\/strong><\/td>\n<td width=\"53\"><strong><em>World<\/em><\/strong><\/td>\n<td width=\"91\"><strong><em>\u00a0<\/em><\/strong><\/td>\n<td colspan=\"4\" width=\"400\"><strong>March 2024 (% year-on-year)<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"159\"><strong>\u00a0<\/strong><\/td>\n<td width=\"53\"><strong><em>share<sup>1<\/sup><\/em><\/strong><\/td>\n<td width=\"91\"><strong><em>\u00a0<\/em><\/strong><\/td>\n<td width=\"100\">RPK<\/td>\n<td width=\"100\">ASK<\/td>\n<td width=\"100\">PLF (%-pt)<\/td>\n<td width=\"100\">PLF (level)<\/td>\n<\/tr>\n<tr>\n<td width=\"159\"><strong>TOTAL MARKET<\/strong><\/td>\n<td width=\"53\"><strong><em>100.0%<\/em><\/strong><\/td>\n<td width=\"91\"><strong><em>\u00a0<\/em><\/strong><\/td>\n<td width=\"100\"><strong>13.8%<\/strong><\/td>\n<td width=\"100\"><strong>12.3%<\/strong><\/td>\n<td width=\"100\"><strong>1.0%<\/strong><\/td>\n<td width=\"100\"><strong>82.0%<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"159\">\u00a0\u00a0 Africa<\/td>\n<td width=\"53\"><em>2.1%<\/em><\/td>\n<td width=\"91\"><strong><em>\u00a0<\/em><\/strong><\/td>\n<td width=\"100\">10.0%<\/td>\n<td width=\"100\">12.3%<\/td>\n<td width=\"100\">-1.5%<\/td>\n<td width=\"100\">72.1%<\/td>\n<\/tr>\n<tr>\n<td width=\"159\">\u00a0\u00a0 Asia Pacific<\/td>\n<td width=\"53\"><em>31.7%<\/em><\/td>\n<td width=\"91\"><strong><em>\u00a0<\/em><\/strong><\/td>\n<td width=\"100\">24.2%<\/td>\n<td width=\"100\">17.9%<\/td>\n<td width=\"100\">4.3%<\/td>\n<td width=\"100\">83.5%<\/td>\n<\/tr>\n<tr>\n<td width=\"159\">\u00a0\u00a0 Europe<\/td>\n<td width=\"53\"><em>27.1%<\/em><\/td>\n<td width=\"91\"><strong><em>\u00a0<\/em><\/strong><\/td>\n<td width=\"100\">10.6%<\/td>\n<td width=\"100\">10.2%<\/td>\n<td width=\"100\">0.3%<\/td>\n<td width=\"100\">80.9%<\/td>\n<\/tr>\n<tr>\n<td width=\"159\">\u00a0\u00a0 Latin America<\/td>\n<td width=\"53\"><em>5.5%<\/em><\/td>\n<td width=\"91\"><strong><em>\u00a0<\/em><\/strong><\/td>\n<td width=\"100\">10.9%<\/td>\n<td width=\"100\">8.8%<\/td>\n<td width=\"100\">1.5%<\/td>\n<td width=\"100\">83.1%<\/td>\n<\/tr>\n<tr>\n<td width=\"159\">\u00a0\u00a0 Middle East<\/td>\n<td width=\"53\"><em>9.4%<\/em><\/td>\n<td width=\"91\"><strong><em>\u00a0<\/em><\/strong><\/td>\n<td width=\"100\">10.5%<\/td>\n<td width=\"100\">13.6%<\/td>\n<td width=\"100\">-2.1%<\/td>\n<td width=\"100\">77.5%<\/td>\n<\/tr>\n<tr>\n<td width=\"159\">\u00a0\u00a0 North America<\/td>\n<td width=\"53\"><em>24.2%<\/em><\/td>\n<td width=\"91\"><strong><em>\u00a0<\/em><\/strong><\/td>\n<td width=\"100\">6.3%<\/td>\n<td width=\"100\">7.6%<\/td>\n<td width=\"100\">-1.0%<\/td>\n<td width=\"100\">83.7%<\/td>\n<\/tr>\n<tr>\n<td width=\"159\"><sup>1<\/sup>% of industry RPKs in 2023<\/td>\n<td width=\"53\"><\/td>\n<td width=\"91\"><\/td>\n<td width=\"100\"><\/td>\n<td width=\"100\"><\/td>\n<td width=\"100\"><\/td>\n<td width=\"100\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h6>Regional Breakdown \u2013 International Passenger Markets<\/h6>\n<p>All regions showed strong growth for international passenger markets in March 2024 compared to March 2023. Load factor performance was patchy, falling year-on-year in three of the six regions.<\/p>\n<ul>\n<li>Asia-Pacific airlines\u00a0continue to lead with way, with a 38.5% year-on-year\u00a0increase in<strong>\u00a0<\/strong>demand. Capacity increased 37.4% year-on-year and the load factor rose to 85.6% (+0.7ppt compared to March 2023), the highest among all regions. Major routes from Asia-Pacific display outstanding growth, although the number of scheduled air services from China to North America is still only 16.5% of pre-pandemic levels.<\/li>\n<li>European carriers saw an 11.6% year-on-year increase in demand. Capacity increased 11.4% year-on-year, and the load factor was 79.9% (up just 0.1ppt compared to March 2023).<\/li>\n<li>Middle Eastern airlines saw a 10.8% year-on-year increase in demand. Capacity increased 13.9% year-on-year and the load factor fell -2.1ppt to 77.5% compared to March 2023.<\/li>\n<li>North American carriers saw a 14.5% year-on-year increase in demand. Capacity increased 14.8% year-on-year, and the load factor fell to 84.7% (-0.2ppt compared to March 2023).<\/li>\n<li>Latin American airlines saw a 19.7% year-on-year increase in demand. Capacity climbed 18.3% year-on-year. The load factor rose to 84.3% (+0.9ppt compared to March 2023).<\/li>\n<li>African airlines saw an<strong>\u00a0<\/strong>8.1% year-on-year increase in demand. Capacity was up 11.0% year-on-year. The load factor fell to 70.3% (-1.9ppt compared to March 2023).<\/li>\n<\/ul>\n<h6>Domestic markets<\/h6>\n<p>Domestic demand increased at a slower pace in March, moderating to typical pre-pandemic growth rates.\u00a0China (+17.6% compared to March 2023) continued to be the leading market. Other markets showed stable growth with the exception of Australia. Its drop in growth may reflect the wider economic slowdown in Q1 in the country.<\/p>\n<table width=\"703\">\n<tbody>\n<tr>\n<td colspan=\"4\" width=\"403\"><strong>Air passenger market in detail \u2013 March 2024<\/strong><\/td>\n<td width=\"100\"><\/td>\n<td width=\"100\"><\/td>\n<td width=\"100\"><\/td>\n<td width=\"0\"><\/td>\n<\/tr>\n<tr>\n<td width=\"159\"><strong>\u00a0<\/strong><\/td>\n<td width=\"53\"><strong><em>World<\/em><\/strong><\/td>\n<td width=\"91\"><strong><em>\u00a0<\/em><\/strong><\/td>\n<td colspan=\"4\" width=\"400\"><strong>March 2024 (% year-on-year)<\/strong><\/td>\n<td width=\"0\"><\/td>\n<\/tr>\n<tr>\n<td width=\"159\"><strong>\u00a0<\/strong><\/td>\n<td width=\"53\"><strong><em>share<sup>1<\/sup><\/em><\/strong><\/td>\n<td width=\"91\"><strong><em>\u00a0<\/em><\/strong><\/td>\n<td width=\"100\">RPK<\/td>\n<td width=\"100\">ASK<\/td>\n<td width=\"100\">PLF (%-pt)<\/td>\n<td width=\"100\">PLF (level)<\/td>\n<td width=\"0\"><\/td>\n<\/tr>\n<tr>\n<td width=\"159\"><strong>\u00a0\u00a0 Domestic<\/strong><\/td>\n<td width=\"53\"><strong><em>39.9%<\/em><\/strong><\/td>\n<td width=\"91\"><strong><em>\u00a0<\/em><\/strong><\/td>\n<td width=\"100\"><strong>6.6%<\/strong><\/td>\n<td width=\"100\"><strong>3.4%<\/strong><\/td>\n<td width=\"100\"><strong>2.5%<\/strong><\/td>\n<td width=\"100\"><strong>82.6%<\/strong><\/td>\n<td width=\"0\"><\/td>\n<\/tr>\n<tr>\n<td width=\"159\">\u00a0\u00a0 Dom. Australia<\/td>\n<td width=\"53\"><em>0.8%<\/em><\/td>\n<td width=\"91\"><strong><em>\u00a0<\/em><\/strong><\/td>\n<td width=\"100\">1.8%<\/td>\n<td width=\"100\">3.9%<\/td>\n<td width=\"100\">-1.7%<\/td>\n<td width=\"100\">79.8%<\/td>\n<td width=\"0\"><\/td>\n<\/tr>\n<tr>\n<td width=\"159\">\u00a0\u00a0 Domestic Brazil<\/td>\n<td width=\"53\"><em>1.2%<\/em><\/td>\n<td width=\"91\"><strong><em>\u00a0<\/em><\/strong><\/td>\n<td width=\"100\">1.6%<\/td>\n<td width=\"100\">-0.1%<\/td>\n<td width=\"100\">1.3%<\/td>\n<td width=\"100\">79.9%<\/td>\n<td width=\"0\"><\/td>\n<\/tr>\n<tr>\n<td width=\"159\">\u00a0\u00a0 Dom. China P.R.<\/td>\n<td width=\"53\"><em>11.2%<\/em><\/td>\n<td width=\"91\"><strong><em>\u00a0<\/em><\/strong><\/td>\n<td width=\"100\">17.6%<\/td>\n<td width=\"100\">5.3%<\/td>\n<td width=\"100\">8.5%<\/td>\n<td width=\"100\">80.7%<\/td>\n<td width=\"0\"><\/td>\n<\/tr>\n<tr>\n<td width=\"159\">\u00a0\u00a0 Domestic India<\/td>\n<td width=\"53\"><em>1.8%<\/em><\/td>\n<td width=\"91\"><strong><em>\u00a0<\/em><\/strong><\/td>\n<td width=\"100\">3.8%<\/td>\n<td width=\"100\">3.5%<\/td>\n<td width=\"100\">0.2%<\/td>\n<td width=\"100\">85.8%<\/td>\n<td width=\"0\"><\/td>\n<\/tr>\n<tr>\n<td width=\"159\">\u00a0\u00a0 Domestic Japan<\/td>\n<td width=\"53\"><em>1.1%<\/em><\/td>\n<td width=\"91\"><strong><em>\u00a0<\/em><\/strong><\/td>\n<td width=\"100\">3.3%<\/td>\n<td width=\"100\">-1.7%<\/td>\n<td width=\"100\">4.0%<\/td>\n<td width=\"100\">82.5%<\/td>\n<td width=\"0\"><\/td>\n<\/tr>\n<tr>\n<td width=\"159\">\u00a0\u00a0 Domestic US<\/td>\n<td width=\"53\"><em>15.4%<\/em><\/td>\n<td width=\"91\"><strong><em>\u00a0<\/em><\/strong><\/td>\n<td width=\"100\">2.6%<\/td>\n<td width=\"100\">4.5%<\/td>\n<td width=\"100\">-1.5%<\/td>\n<td width=\"100\">82.9%<\/td>\n<td width=\"0\"><\/td>\n<\/tr>\n<tr>\n<td width=\"159\"><sup>1<\/sup>% of industry RPKs in 2023<\/td>\n<td width=\"53\"><\/td>\n<td width=\"91\"><\/td>\n<td width=\"100\"><\/td>\n<td width=\"100\"><\/td>\n<td width=\"100\"><\/td>\n<td width=\"100\"><\/td>\n<td width=\"0\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"7\" rowspan=\"2\" width=\"703\"><em>Note: the six domestic passenger markets for which broken-down data are available account for approximately 31.4% of global total RPKs and 78.8% of total domestic RPKs<\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>Source: <a href=\"https:\/\/www.traveldailynews.com\/aviation\/passenger-demand-up-13-8-in-march-says-iata\/\">https:\/\/www.traveldailynews.com\/aviation\/passenger-demand-up-13-8-in-march-says-iata\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>AIR TRAVEL Global airline industry sees robust growth in passenger demand for March 2024 Theodore Koumelis 06.05.2024 104 AVIATION March 2024 witnessed a significant 13.8% rise in global passenger demand, indicating a strong recovery and promising trends for the upcoming peak travel season, as per IATA\u2019s latest report. GENEVA \u2013 The\u00a0International Air Transport Association\u00a0(IATA) released &hellip;<\/p>\n","protected":false},"author":1,"featured_media":13283,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpscppro_dont_share_socialmedia":null,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"default","_twitter_share_type":"default","_linkedin_share_type":"default","_pinterest_share_type":"default","_linkedin_share_type_page":"","_instagram_share_type":"default","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":null,"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[98,102],"tags":[],"class_list":["post-13282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies","category-featured-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Global airline industry sees robust growth in passenger demand for March 2024 - aviation news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aviation-news.info\/?p=13282\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global airline industry sees robust growth in passenger demand for March 2024\" \/>\n<meta property=\"og:description\" content=\"AIR TRAVEL Global airline industry sees robust growth in passenger demand for March 2024 Theodore Koumelis 06.05.2024 104 AVIATION March 2024 witnessed a significant 13.8% rise in global passenger demand, indicating a strong recovery and promising trends for the upcoming peak travel season, as per IATA\u2019s latest report. 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