October 15, 2024
According to the International Air Transport Association's (IATA) data for July 2024 global passenger demand, measured in revenue passenger kilometers (RPK), was up 8.6% compared to August 2023. Total capacity, measured in available seat kilometers (ASK), was up 6.5% year-on-year. The August load factor was 86.2% (+1.6ppt compared to August 2023), a new record high.
International demand rose 10.6% compared to August 2023. Capacity was up 10.1% year-on-year and the load factor rose to 85.7% (+0.4ppt compared to August 2023).
Domestic demand rose 5.6% compared to August 2023. Capacity was up 1.2% year-on-year and the load factor was 86.9% (+3.6ppt compared to August 2023).
"The market for air travel is hot and airlines are doing a great job at meeting the growing demand for travel. Efficiency gains have driven load factors to record highs while the 6.5% capacity increase demonstrates resilience in the face of persistent supply chain issues and infrastructure deficiencies," said Willie Walsh, IATA's Director General.
Source: IATA