Business

Passenger demand up 8.1 percent in 2024

 
The total demand, measured in revenue passenger kilometers (RPK), was up 8.1 percent compared to November 2023.

Middle Eastern carriers saw an 8.7 percent year-on-year increase in demand. Capacity increased 3.9 percent year-on-year and the load factor was 81 percent (+3.6 ppt compared to November 2023).

Total capacity, measured in available seat kilometers (ASK), was up 5.7 percent year-on-year. The November load factor was 83.4 percent (+1.9 ppt compared to November 2023), an all-time high for November, according to the International Air Transport Association (IATA).

International demand rose 11.6% compared to November 2023. Capacity was up 8.6 percent year-on-year, and the load factor was 83.4 percent (+2.3 ppt compared to November 2023).

Strong carrier performance in Europe and Asia-Pacific drove this double-digit expansion in demand.

Domestic demand rose 3.1 percent compared to November 2023. Capacity was up 1.5 percent year-on-year and the load factor was 83.5% (+1.2 ppt compared to November 2023).

“November was another month of strong growth in the demand for air travel with an overall expansion of 8.1 percent .

The month was another reminder of the supply chain issues 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 serve customers better, modernize their products, and improve their environmental performance because aircraft are not being delivered on time. The 2025 New Year’s resolution for the aerospace manufacturing sector must be finding a fast and durable solution for their supply chain issues,” said Willie Walsh, IATA’s Director General.