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

The International Air Transport Association ( IATA ) released data on air travel performance in November 2023, showing that 2019 saw a record for more than 99 % of the volume.
When revenue passenger kilometers ( RPKs ) were taken into account, the total volume of traffic increased by 29.7 % in November 2023 compared to Nov. 2022. 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 increased by a sizeable 34.8 % in November 2023 over the same period in 2022. Additionally, it was 6.7 % higher than the level from November 2019. Notably, China experienced remarkable growth of 272 % as it overcame COVID-imposed travel restrictions, while US domestic travel reached a new high, growing by 9.1 % compared to November 2019 due to high demand over the Thanksgiving holidays.
According to Willie Walsh, the Director General of IATA, air journey is getting close to its highest level since 2019. Individuals are not hesitant to travel despite financial difficulties. The gap is closing even though international travel is still 5.5 % lower than it was prior to the pandemic. On the other hand, since April, private markets have continuously outperformed pre-pandemic levels.
Global markets for passengers
The strongest year-over-year price among the parts was the 63.8 % increase in November customers for Asia-Pacific airlines compared to November 2022. The load factor increased 2.9 percentage points to 82.6 %, while capacity increased by 58.0 %.
November saw an increase in traffic for European ships of 14.8 % compared to November 2022. Capacity rose 15.2 %, while load factor fell 0.3 % to 83.3 %.
In November compared to November 2022, Middle Eastern Airlines saw an 18.6 % increase in traffic. The load factor decreased by 0.2 percentage points to 77.4 %, and capacity increased by 19.0 % in November compared to the same period last year.
In November, North American carriers saw a 14.3 % increase in traffic compared to the 2022 time. Capacity rose 16.3 %, and load factor decreased by 1.4 percentage points to 80.0 %.
Compared to the same quarter in 2022, November saw a 20.0 % increase in traffic for Latin American airlines. The load factor increased 1.7 percentage points to 84.9 % in November, the highest of any region, and capacity increased 17.7 %.
In comparison to a year ago, African Airlines ‘ RPKs increased by 22.1 % in November. The lowest load factor in the region was 69.7 % in November 2023, while capacity increased by 29.6 %.
The quick healing of aircraft from COVID demonstrates how important traveling is to both individuals and organizations. Governments also understood how crucial it was to switch from jet fuel to sustainable aviation fuel ( SAF ) in order to lessen the carbon footprint of aviation. Governments agreed to aim for a 5 % reduction in carbon emissions from SAF by 2030 at the Third Conference on Aviation Alternative Fuels ( CAAF/3 ) in November. At COP28 in December, where institutions agreed that it was necessary to stop using 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 pledged to achieve net zero carbon emissions by 2050. However, the latest SAF production is inadequate. So, it is essential that governments implement comprehensive policy actions in 2024 to carry out their own declarations and guarantee adequate SAF offer. Global Air Travel Recovery at 99 % of 2019 Degree, according to IATA 

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