Skip to content
Home » IATA Updates » IATA: All Regions Show Strong Growth In Airline Passenger Demand

IATA: All Regions Show Strong Growth In Airline Passenger Demand

The International Air Transport Association (IATA) reported a significant increase in global airline passenger demand for March 2024.

people inside a commercial airplane
Photo by Dylan Bueltel on Pexels.com
  • Total demand, measured in revenue passenger kilometers (RPKs), increased by 13.8% compared to March 2023, with capacity rising by 12.3%. The load factor for March was 82.0%, marking a 1.0 percentage point increase from the previous year.
  • International demand rose 18.9% year-on-year, nearly matching the increase in capacity of 18.8%. The international load factor slightly improved to 81.6%.
  • Domestic demand grew by 6.6% compared to the same month last year, with a capacity increase of 3.4%. The domestic load factor improved significantly, reaching 82.6%, a 2.5 percentage point increase from March 2023.

Strong Demand For Air Travel

“Demand for travel is strong. And there is every indication that this should continue into the peak Northern Summer travel season. It is critical that we have the capacity to meet this demand and ensure a hassle-free travel experience for passengers. That means making urgent progress to resolve supply chain issues and for airports and air traffic management to be fully staffed and operating at maximum efficiency. While airlines are prepared for customer care and assistance when operational issues arise, they are fed-up of bearing the cost when delays and cancellations are the result of poor preparation in other parts of the value chain,” said Willie Walsh, IATA’s Director General.

Regional Breakdown – International Airline Passenger Demand

All international passenger markets experienced notable growth in March 2024 compared to March 2023, with diverse load factor trends across different regions:

  • Asia-Pacific airlines led with a remarkable 38.5% increase in demand, and with the highest load factor rise to 85.6%, even though flights from China to North America remain reduced.
  • European carriers reported a moderate 11.6% increase in demand, with a slight increase in load factor to 79.9%.
  • Middle Eastern airlines saw a 10.8% demand increase but faced a load factor decline of 2.1 percentage points, dropping to 77.5%.
  • North American carriers experienced a 14.5% rise in demand while their load factor slightly decreased by 0.2 percentage points to 84.7%.
  • Latin American airlines observed a 19.7% surge in demand with an improved load factor of 84.3%.
  • African airlines had the least growth in demand, at 8.1%, and their load factor declined 1.9 percentage points to 70.3%.

Despite the variable load factor performances, each region shared positive growth in passenger demand.

Domestic Airline Passenger Demand

Domestic demand increased slower in March, moderating to typical pre-pandemic growth rates. China (+17.6% compared to March 2023) remained the leading market. Other markets showed stable growth except Australia. Its growth drop may reflect the country’s wider economic slowdown in Q1. 

Read the latest IATA Passenger Market Analysis

Emirates Launches Daily Dubai-Miami-Bogotá Flights

Emirates has begun services to Bogotá, expanding its South American network to four destinations and…

Read More
Norwegian Sees 19% Capacity Rise & 16% Passenger Traffic Growth In May 2024

Norwegian had 2,138,484 passengers in May, and Widerøe had 333,492, totaling 2,472,976. Norwegian&#8…

Read More
Air Canada Enhances Economy Experience: Free Premium Snacks & Drinks

Air Canada is enhancing its Economy experience by offering premium complimentary snacks, expanded co…

Read More
Mirus Hawk LR: Enhanced Comfort Economy Seat for Widebody Aircraft

Mirus Aircraft Seating, one of the fastest-growing aircraft seating OEMs, has launched the Hawk LR. …

Read More
British Airways Lagos Lounge: Luxurious Refurbishment and Local Art

British Airways has unveiled a luxuriously refurbished lounge in Lagos airport, featuring upgraded f…

Read More
Air France Unveils New Embraer 190 Cabins for Improved Passenger Comfort

On 28 May 2024, Air France showed new cabins for its Embraer 190s at the Aircraft Interiors Expo in …

Read More
New Air Transat and Porter Airlines Partnership Offers Expanded Travel Choices

Air Transat and Porter Airlines have begun their joint venture, allowing travelers to book flights t…

Read More
Air Arabia Will Add Panasonic Wireless Entertainment On 172 Planes

Air Arabia And Panasonic Avionics Announce 172 Aircraft In-flight Wireless Entertainment Deal During…

Read More
Best Innovations In The Sky: The 2024 Crystal Cabin Award Winners

The Crystal Cabin Award 2024, the most prestigious award for cabin technology and passenger experien…

Read More
Burrana Brings Power To Cayman Airways’ Boeing B737-MAX 8s

Burrana successfully installed in-seat power on four B737-MAX 8 aircraft for Cayman Airways. This up…

Read More
Cathay Holidays Partners With Expedia For One-Stop Travel Hub

Cathay Holidays has launched a new booking site powered by Expedia Group. This site aims to be a pre…

Read More
AIX 2024: Soisa Reveals Sustainable Armrest Made From Corn

At the Aircraft Interiors Expo in Hamburg, Soisa Aircraft Interiors launched a revolutionary new ‘or…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

Cookie Consent with Real Cookie Banner