IATA reports 8.1 percent increase in global passenger demand for November 2024

The International Air Transport Association (IATA) launched its global passenger demand figures for November 2024, marking an all-time excessive of 83.4 percent in phrases of load issue.

Total demand in phrases of income passenger kilometres (RPK), was up 8.1 percent in comparison with November 2023. 

Likewise, whole capability in accessible seat kilometres (ASK) was up 5.7 percent year-on-year. 

The November load issue was 83.4 percent, up 1.9 share factors in comparison with November 2023, an all-time excessive for November.

International demand was up 11.6 percent in comparison with November 2023, whereas capability was up 8.6 percent year-on-year, and the load issue was 83.4 percent.

Strong efficiency by carriers in Europe and Asia-Pacific drove this double-digit growth in demand.

On the opposite hand, home demand rose by 3.1 percent in comparison with November 2023, whereas capability was up 1.5 percent year-on-year and the load issue was 83.5 percent. 

A month of sturdy development

IATA director-general Willie Walsh remarked that November was one other month of sturdy development in the demand for air journey with an general growth of 8.1 percent. 

Walsh mentioned: “The month was also another reminder of the supply chain issues that are preventing airlines from getting the aircraft they need to meet growing demand. Capacity growth is lagging demand by 2.4 ppts and load factors are at record levels. Airlines are missing out on opportunities to better serve customers, modernize their products and improve their environmental performance because aircraft are not being delivered on time.”

He added that, for 2025, the aerospace manufacturing sector ought to resolve to discover a quick and sturdy resolution for their provide chain points.

Growth in regional markets

All areas confirmed development for worldwide passenger markets in November 2024 in comparison with November 2023. 

Europe had the very best load components at 85 percent, whereas Asia-Pacific led on development with a 19.9 percent year-on-year growth in demand.

Asia-Pacific airways achieved a 19.9 percent  year-on-year increase in demand, and capability elevated 16.2 percent  year-on-year and the load issue was 84.9 percent.

European carriers had a 9.4 percent  year-on-year increase in demand; capability elevated by 7.1 percent  year-on-year, and the load issue was 85 percent.

Middle Eastern carriers noticed an 8.7 percent  year-on-year increase in demand, whereas capability elevated 3.9 percent  year-on-year and the load issue was 81 percent.

North American carriers noticed a 3.1 percent year-on-year increase in demand, capability elevated by 1.6 percent  year-on-year, and the load issue at 81 percent.

Latin American airways noticed an 11.4 percent year-on-year increase in demand, with capability up by 11.9 percent year-on-year and cargo issue at 84.4 percent.

African airways noticed a 12.4 percent year-on-year increase in demand, whereas capability was up 6 percent year-on-year and the load issue rose to 72.9 percent.

On the home entrance

Domestic RPK was up 3.1 percent over the earlier yr, decelerating barely from the three.5 percent development posted in October. 

Signs of secure development have been proven in all markets besides in the US which noticed a 2.7 percent contraction, deeper than the 1.2 percent year-on-year dip recorded in October. 

This is a part of a slowing pattern in the US home market since June 2024 and primarily displays decrease low-cost provider exercise. US mainline carriers have continued to see development over the identical interval.