{"id":220907,"date":"2023-05-09T06:15:00","date_gmt":"2023-05-08T23:15:00","guid":{"rendered":"https:\/\/www.ttrweekly.com\/site\/?p=220907"},"modified":"2023-05-09T06:22:56","modified_gmt":"2023-05-08T23:22:56","slug":"air-travel-growth-continues-in-march","status":"publish","type":"post","link":"https:\/\/www.ttrweekly.com\/site\/2023\/05\/air-travel-growth-continues-in-march\/","title":{"rendered":"Air travel growth continues in March"},"content":{"rendered":"\n<p>SINGAPORE, 9 May 2023: Global passenger traffic in March stood at 88% of the March 2019 level, signalling a strong demand growth in air travel, the International Air Transport Association (IATA) reports in its latest analysis.<\/p>\n\n\n\n<p>Total traffic in March 2023 <em>(measured in revenue passenger kilometres or RPK<\/em>s) rose 52.4% compared to March 2022. Globally, traffic is now at 88.0% of the March 2019 level.<\/p>\n\n\n\n<p>Domestic traffic for March rose 34.1% compared to the year-ago period. Total March 2023 domestic traffic was 98.9% of the March 2019 level.<\/p>\n\n\n\n<p>International traffic climbed 68.9% versus March 2022, with all markets recording healthy growth, led once again by carriers in the Asia-Pacific region. International RPKs reached 81.6% of March 2019 levels, while the load factor at 81.3% exceeded the March 2019 level by 10.1 percentage points.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"604\" height=\"202\" data-src=\"https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2023\/05\/2.jpg\" alt=\"\" class=\"wp-image-220909 lazyload\" data-srcset=\"https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2023\/05\/2.jpg 604w, https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2023\/05\/2-300x100.jpg 300w, https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2023\/05\/2-600x201.jpg 600w\" data-sizes=\"(max-width: 604px) 100vw, 604px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 604px; --smush-placeholder-aspect-ratio: 604\/202;\" \/><\/figure>\n<\/div>\n\n\n<p>&#8220;The calendar year&#8217;s first quarter ended strongly for air travel demand. Domestic markets have been near their pre-pandemic levels for months. And for international travel, two key waypoints were topped. First, demand increased by 3.5 percentage points compared to the previous month&#8217;s growth, reaching 81.6% of pre-COVID levels. This was led by a near-tripling of demand for Asia-Pacific carriers as China&#8217;s re-opening took hold. And efficiency is improving as international load factors reached 81.3%. Even more importantly, ticket sales for domestic and international travel indicate that strong growth will continue into the peak Northern Hemisphere summer travel season,&#8221; said IATA&#8217;s director general Willie Walsh.<\/p>\n\n\n\n<p><strong>International Passenger Markets<\/strong><\/p>\n\n\n\n<p><strong>Asia-Pacific airlines <\/strong>had a 283.1% increase in March 2023 traffic compared to March 2022, continuing the robust momentum since the lifting of travel restrictions in the region. Capacity rose 161.5%, and the load factor increased 26.8 percentage points to 84.5%, the second highest among the regions.<\/p>\n\n\n\n<p><strong>European carriers <\/strong>posted a 38.5% traffic rise versus March 2022. Capacity climbed 27.0%, and the load factor rose 6.6 percentage points to 79.4%, the second lowest among the regions.<\/p>\n\n\n\n<p><strong>Middle Eastern airlines <\/strong>saw a 43.1% traffic increase compared to March a year ago. Capacity climbed 30.5%, and the load factor pushed up 7.0 percentage points to 79.4%.<\/p>\n\n\n\n<p><strong>North American carriers\u2019<\/strong> traffic climbed 51.6% in March 2023 versus 2022. Capacity increased by 34.0%, and the load factor rose 9.8 percentage points to 84.8%, the region&#8217;s highest.<\/p>\n\n\n\n<p><strong>Latin American airlines<\/strong> had a 36.5% traffic increase compared to the same month in 2022. March capacity climbed 33.4%, and the load factor rose 1.9 percentage points to 82.8%.<\/p>\n\n\n\n<p><strong>African airlines\u2019 <\/strong>traffic rose 71.7% in March 2023 versus a year ago, the second highest among the regions. March capacity was up 56.2%, and the load factor climbed 6.5 percentage points to 72.2%, the region&#8217;s lowest.<\/p>\n\n\n\n<p><strong>The Bottom Line<\/strong><\/p>\n\n\n\n<p>\u201cAs traveller expectations build towards the peak Northern Hemisphere summer travel season, airlines are doing their best to meet the desire and need to fly. Unfortunately, a lack of capacity means some travellers may be disappointed. Part of this capacity shortfall is attributable to the widely reported labour shortages impacting many parts of the aviation value chain and supply chain issues affecting the aircraft manufacturing sector resulting in aircraft delivery delays. However, a significant share of recent flight cancellations, primarily in Europe, are owing to job actions by air traffic controllers and others. These irresponsible actions resulted in thousands of unnecessary cancellations in March. This is unacceptable and should not be tolerated by the authorities,\u201d said Walsh.<\/p>\n\n\n\n<p><em>(Source: IATA)<\/em><\/p>\n\n\n\n<p><a href=\"https:\/\/www.iata.org\/en\/iata-repository\/publications\/economic-reports\/air-passenger-market-analysis-march-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">View the March Air Passenger Market Analysis<\/a> (pdf)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE, 9 May 2023: Global passenger traffic in March stood at 88% of the March 2019 level, signalling a strong demand growth in air travel, the International Air Transport Association (IATA) reports in its latest analysis. Total traffic in March 2023 (measured in revenue passenger kilometres or RPKs) rose 52.4% compared to March 2022. Globally, [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[469,246],"tags":[],"class_list":{"0":"post-220907","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-airlines","7":"category-singapore"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Air travel growth continues in March - TTR Weekly<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ttrweekly.com\/site\/2023\/05\/air-travel-growth-continues-in-march\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Air travel growth continues in March - TTR Weekly\" \/>\n<meta property=\"og:description\" content=\"SINGAPORE, 9 May 2023: Global passenger traffic in March stood at 88% of the March 2019 level, signalling a strong demand growth in air travel, the International Air Transport Association (IATA) reports in its latest analysis. 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