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Global air travel reaches 99% of 2019 levels: IATA

Cumulative airline profits will reach $36 billion this year, $600 million less than expected, IATA said. (AFP)
  • In November 2023, the total traffic rose 29.7 percent compared to November 2022
  • Middle Eastern airlines saw an 18.6 percent traffic rise in November

Geneva, Switzerland–The International Air Transport Association (IATA) said that air travel demand topped 99 percent of 2019 levels, according to data released for November 2023 air travel performance.

The total traffic in November 2023 (measured in revenue passenger kilometres or RPKs) rose 29.7 percent compared to November 2022. Globally, traffic is now at 99.1 percent of November 2019 levels.

International traffic rose 26.4 percent versus November 2022. The Asia-Pacific region continued to report the strongest year-over-year results (+63.8 percent) with all regions showing improvement compared to the prior year. November 2023 international RPKs reached 94.5 percent of November 2019 levels.

Domestic traffic for November 2023 was up 34.8 percent compared to November 2022. Total November 2023 domestic traffic was 6.7 percent above the November 2019 level.

Growth was particularly strong in China (+272 percent) as it recovered from the COVID-19 travel restrictions that were still in place a year ago. US domestic travel, benefiting from strong Thanksgiving holidays demand, reached a new high, expanding +9.1 percent over November 2019.

“We are moving ever closer to surpassing the 2019 peak year for air travel. Economic headwinds are not deterring people from taking to the skies. International travel remains 5.5% below pre-pandemic levels, but that gap is rapidly closing. And domestic markets have been above their pre-pandemic levels continuously since April,” said Willie Walsh, IATA’s Director-General.

Asia-Pacific airlines had a 63.8 percent rise in November traffic compared to November 2022, which was the strongest year-over-year rate among the regions. Capacity rose 58.0 percent and the load factor was up 2.9 percentage points to 82.6 percent.

European carriers’ November traffic climbed 14.8 percent versus November 2022. Capacity increased 15.2 percent, and load factor declined 0.3 percentage points to 83.3 percent.

Middle Eastern airlines saw an 18.6 percent traffic rise in November compared to November 2022. November capacity increased 19.0 percent versus the year-ago period, and load factor fell 0.2 percentage points to 77.4 percent.

North American carriers experienced a 14.3 percent traffic rise in November versus the 2022 period. Capacity increased 16.3 percent, and load factor fell 1.4 percentage points to 80.0 percent.

Latin American airlines’ November traffic rose 20.0 percent compared to the same month in 2022. November capacity climbed 17.7 percent and load factor increased 1.7 percentage points to 84.9 percent, the highest of any region.

African airlines had a 22.1 percent rise in November RPKs versus a year ago. November 2023 capacity was up 29.6 percent and load factor fell 4.3 percentage points to 69.7 percent, the lowest among regions.