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News 2023


November 2023 IATA Air Passenger Market Analysis 
Published January 10. IATA Economic Reports.

Air traffic closer to pre-COVID levels


Highlights

  • Industry-wide revenue passenger-kilometers (RPKs) increased 29.7% year-on-year (YoY) in November and closed the gap to 2019 levels to within 1%.
  • Available seat-kilometers (ASKs) rose by 28.6% YoY, recovering to 98.2% of pre-pandemic capacity. Global passenger load factor increased over the year and compared to 2019, now standing at 81.8%.
  • Domestic RPKs grew 6.7% over pre-pandemic levels with an annual growth rate of 34.8%. International RPKs 94.5% of pre-pandemic levels and increased 26.4% YoY.
  • Domestic air ticket sales declined slightly in November although staying close to 2019 levels. Ticket sales for international travel gave a more optimistic outlook, still aligned with the stable positive trend observed over the year.
  • North Atlantic international traffic continued to trend above pre-Covid levels, largely unimpacted by the volcanic eruption in Iceland.

Africa's passenger traffic at 96.4% of 2019 levels

African airlines had a 22.1% rise in November RPKs versus a year ago. November 2023 capacity was up 29.6% and load factor fell 4.3 percentage points to 69.7%, the lowest among regions. In Africa, passenger traffic reached 96.4% of November 2019 / pre-pandemic levels, a significant milestone in the region’s aviation industry recovery.


Industry-wide air traffic grew apace in November…

Air passenger traffic, measured in revenue passengerkilometers (RPKs), continued to grow in November with a 29.7% increase over the year. Global RPKs are now just 0.9% lower than pre-pandemic levels. In seasonally adjusted terms, growth continued although at a slightly slower pace compared to the previous months with 0.6% month-on-month (MoM) growth.
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