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News 2023


December 2023 IATA Air Passenger Market Analysis 
Published January 31. IATA Economic Reports.

Strong passenger recovery continues


Highlights

  • Industry-wide revenue passenger-kilometers (RPKs) increased 25.3% year-on-year (YoY) in December. In 2023, industry RPKs reached 94.1% of 2019 levels.
  • Available seat-kilometers (ASKs) grew by 24.1% YoY and recovered to 94.4% of pre-pandemic capacity over the whole year. Global passenger load factor stood at 82.3%, slightly under the 2019 threshold.
  • Domestic markets have seen diverse developments as the year closed, total domestic traffic in 2023 nevertheless surpassed 2019 numbers by 3.9%.
  • International traffic achieved great recovery this year while attaining 88.6% in 2023.

Annual recovery for African airlines at 38.7% YoY

African airlines’ annual traffic rose 38.7% in 2023 versus the prior year. Full-year 2023 capacity was up 38.3% and load factor climbed 0.2 percentage points to 71.9%, the lowest among regions. December 2023 traffic for African airlines rose 9.5% over December 2022.


2023 was marked by strong industry-wide recovery

Strong demand for air travel continued to propel the recovery of passenger markets in 2023. The total industry achieved a remarkable 36.9% year-on-year (YoY) growth, as traffic, measured in revenue passenger-kilometer (RPKs), reached 94.1% of 2019 levels, a significant increase from 2022 when it stood at 68.7%. Download the full report...