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IATA - All markets record healthy passenger growth, APAC leads recovery

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IATA - All markets record healthy passenger growth, APAC leads recovery

The global passenger traffic in April 2023, measured in revenue passenger kilometers or RPKs rose to 45.8% compared to April 2022. The travel demand continued its trend of strong recovery as per the latest International Air Transport Association (IATA) report. Globally, traffic is now at 90.5% of pre-Covid levels at a load factor of 81.3%, with only 1.8 percentage points below pre-pandemic level.

The report highlighted a full recovery in domestic traffic for April with an increase of 42.6% compared to the year-ago period and 2.9% increase over the April 2019. Comparatively, the international traffic climbed 48.0% versus April 2022 with all markets recording healthy growth, with carriers in the Asia-Pacific region continuing to lead the recovery. International RPKs reached 83.6% of April 2019 levels, the report added.

April continued the strong traffic trend we saw in the 2023 first quarter. The easing of inflation and rising consumer confidence in most OECD countries combined with declining jet fuel prices, suggests sustained strong air travel demand and moderating cost pressures,” said Willie Walsh, Director General, IATA. 

Asia-Pacific airlines saw a 192.7% increase in April 2023 traffic compared to April 2022. Capacity climbed 145.3% and the load factor increased by 13.2 percentage points to 81.6%.  The European carriers recorded a 22.6% traffic rise versus April 2022 with a rise of 16% in capacity, second highest among the regions

Middle Eastern airlines posted a 38.0% traffic increase compared to April 2022. Capacity climbed 27.8% and load factor rose 5.6 percentage points to 76.2%.

North American carriers’ traffic climbed 34.8% in April 2023 versus the 2022 period. Capacity increased 26.5%, and load factor rose 5.2 percentage points to 83.8%, which was the highest among the regions. North American international traffic is now fully recovered, with RPKs 0.4% above April 2019 levels.

Latin American airlines saw a 25.8% traffic increase compared to the same month in 2022. April capacity climbed 26.4% and load factor slipped 0.4 percentage points to 83.1%. 

African airlines’ traffic rose 53.5% in April 2023 versus a year ago, the second highest among the regions. April capacity was up 50.0% and load factor climbed 1.6 percentage points to 69.8%, lowest among the regions.

China’s domestic traffic rose 536.2% in April compared April 2022 levels, surpassing the April 2019 levels by 6.0%.

US airlines’ domestic demand climbed 5.5% in April and was 3.3% above the April 2019 levels.

“Heading into the Northern Hemisphere peak travel season, aircraft and airports are full of people eager to make use of their travel freedoms. Airlines are working hard to accommodate them with a smooth travel experience despite continuing supply chain shortages and other operational challenges,” added Welsh.

IATA said that going ahead, the single best thing that Europe could do to improve the travel experience is deliver the Single European Sky. As for other governments contemplating passenger rights regulations, avoiding a repeat of Europe’s mistake would be a helpful starting point.