IATA: Air passenger demand up 8.1% in November

2 weeks ago 7

The International Air Transport Association (IATA) released information for November 2024 planetary rider request with the pursuing highlights:

Total demand, measured successful gross rider kilometers (RPK), was up 8.1% compared to November 2023. Total capacity, measured successful disposable spot kilometers (ASK), was up 5.7% year-on-year. The November load origin was 83.4% (+1.9 ppt compared to November 2023), an all-time precocious for November.
International request roseate 11.6% compared to November 2023. Capacity was up 8.6% year-on-year, and the load origin was 83.4% (+2.3 ppt compared to November 2023). Strong show by carriers successful Europe and Asia-Pacific drove this double-digit enlargement successful demand.
Domestic request roseate 3.1% compared to November 2023. Capacity was up 1.5% year-on-year and the load origin was 83.5% (+1.2 ppt compared to November 2023).
“November was different period of beardown maturation successful the request for aerial question with an wide enlargement of 8.1%. The period was besides different reminder of the proviso concatenation issues that are preventing airlines from getting the craft they request to conscionable increasing demand. Capacity maturation is lagging request by 2.4 ppts and load factors are astatine grounds levels. Airlines are missing retired connected opportunities to amended service customers, modernize their products and amended their biology show due to the fact that craft are not being delivered connected time. The 2025 New Year’s solution for the aerospace manufacturing assemblage indispensable beryllium uncovering a accelerated and durable solution for their proviso concatenation issues,” said Willie Walsh, IATA’s Director General.

Air Passenger Market successful Detail

November 2024 (% year-on-year) World Share¹ RPK ASK PLF(%-PT)² PLF(Level)³

Total Market	100%	8.1%	5.7%	+1.9%	83.4%
Africa	2.1%	10.9%	6.0%	+3.3%	73.3%
Asia Pacific	31.7%	14.0%	9.0%	+3.7%	84.9%
Europe	27.1%	8.3%	6.1%	+1.7%	85.3%
Latin America	5.5%	7.0%	6.6%	+0.4%	84.5%
Middle East	9.4%	8.9%	4.1%	+3.6%	81.2%
North America	24.2%	-0.7%	1.0%	-1.4%	81.0%

1) % of manufacture RPKs successful 2023 2) Year-on-year alteration successful load factor 3) Load Factor Level

Regional Breakdown - International Passenger Markets

All regions showed maturation for planetary rider markets successful November 2024 compared to November 2023. Europe had the highest load factors (85.0%) portion Asia-Pacific led connected maturation with a 19.9% year-on-year enlargement successful demand.

Asia-Pacific airlines achieved a 19.9% year-on-year summation successful demand. Capacity accrued 16.2% year-on-year and the load origin was 84.9% (+2.6 ppt compared to November 2023).

European carriers had a 9.4% year-on-year summation successful demand. Capacity accrued 7.1% year-on-year, and the load origin was 85.0 % (+1.8 ppt compared to November 2023).

Middle Eastern carriers saw an 8.7% year-on-year summation successful demand. Capacity accrued 3.9% year-on-year and the load origin was 81.0% (+3.6 ppt compared to November 2023).

North American carriers saw a 3.1% year-on-year summation successful demand. Capacity accrued 1.6% year-on-year, and the load origin was 81.0% (+1.1 ppt compared to November 2023).

Latin American airlines saw an 11.4% year-on-year summation successful demand. Capacity climbed 11.9% year-on-year. The load origin was 84.4% (-0.4 ppt compared to November 2023).

African airlines saw a 12.4% year-on-year summation successful demand. Capacity was up 6.0% year-on-year. The load origin roseate to 72.9% (+4.1 ppt compared to November 2023).

Domestic Passenger Markets

Domestic RPK accrued 3.1% implicit the erstwhile year, decelerating somewhat from the 3.5% maturation posted successful October. Signs of unchangeable maturation were shown successful each markets but successful the US which saw a 2.7% contraction, deeper than the 1.2% year-on-year dip recorded successful October. This is portion of a slowing inclination successful the US home marketplace since June 2024 and chiefly reflects little low-cost bearer activity. US mainline carriers person continued to spot maturation implicit the aforesaid period.

November 2024 (% year-on-year) World Share¹ RPK ASK PLF(%-PT)² PLF(LEVEL)³

Domestic	39.9%	3.1%	1.5%	+1.2%	83.5%
Domestic Australia	0.8%	0.8%	-1.4%	+1.9%	85.8%
Domestic Brazil	1.2%	9.6%	6.4%	+2.5%	85.2%
Domestic China P.R.	11.2%	10.5%	2.6%	+6.0%	83.4%
Domestic India	1.8%	13.3%	9.2%	+3.2%	89.5%
Domestic Japan	1.1%	4.0%	0.9%	+2.5%	84.1%
Domestic US	15.4%	-2.7%	0.5%	-2.6%	80.7%

1) % of manufacture RPKs successful 2023 2) year-on-year alteration successful load factor 3) Load Factor Level

Note: the six home rider markets for which broken-down information are disposable relationship for astir 31.4% of planetary full RPKs and 78.8% of full home RPKs.