The International Air Transport Association (IATA) has published its global passenger demand results for November 2024, indicating a significant increase of 8.1% in demand, noted through revenue passenger kilometers (RPK).

Key Highlights

• The overall load factor reached an unprecedented 83.4%, a 1.9 percentage point increase from November 2023.
• Total capacity in available seat kilometers (ASK) rose by 5.7% year-on-year.
• International travel demand experienced a 11.6% increase compared to last year, with capacity up 8.6%.

Growth Observations

Willie Walsh stated, “November was another month of robust growth in air travel demand, emphasizing the need for improved supply capabilities as demand continues to outpace growth.”

He also urged the aerospace manufacturing industry to prioritize solutions to ongoing supply chain issues that hinder timely aircraft deliveries.

Regional Insights

All international markets showed growth for November 2024:

• Asia-Pacific led with a 19.9% increase in demand.
• Europe followed with a demand increase of 9.4%.
• Middle Eastern carriers saw an 8.7% rise in demand.
• Latin America reported an 11.4% increase.

Domestic Trends

Domestic markets saw a 3.1% rise in RPK, contrasting with a decline in the US domestic market, which faced 2.7% contraction.