IATA reports passenger demand up
In February, global air transport saw a 21.5% increase in passenger demand compared to the previous year, according to IATA data
The total airline capacity, as measured in Available Seat Kilometers (ASK), rose by 18.7% compared to the previous year. Additionally, the load factor in February stood at 80.6%, marking a 1.9 percentage point increase from February 2023.
Key takeaways
- All regions experienced double-digit growth in international passenger markets in February 2024 compared to the same period in 2023;
- International air travel demand surged by 26.3% year-on-year, accompanied by a 25.5% growth in capacity. The load factor climbed to 79.3%, up by 0.5% from February 2023;
- Domestic air travel demand saw a 15.0% increase from February 2023, with a capacity growth of 9.4%. The load factor rose by 4% compared to the previous year's February, reaching 82.6%.
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