{"id":230926,"date":"2024-01-15T06:15:00","date_gmt":"2024-01-14T23:15:00","guid":{"rendered":"https:\/\/www.ttrweekly.com\/site\/?p=230926"},"modified":"2024-01-14T20:20:17","modified_gmt":"2024-01-14T13:20:17","slug":"air-travel-almost-hits-2019-mark","status":"publish","type":"post","link":"https:\/\/www.ttrweekly.com\/site\/2024\/01\/air-travel-almost-hits-2019-mark\/","title":{"rendered":"Air travel almost hits 2019 mark"},"content":{"rendered":"\n<p>SINGAPORE, 15 January 2024: Globally, airline traffic measured in revenue passenger kilometres is now at 99.1% of November 2019 levels, the&nbsp; International Air Transport Association (IATA) reports in its latest data for November 2023.<\/p>\n\n\n\n<p>Total traffic in November 2023 <em>(measured in revenue passenger kilometres or RPKs)<\/em> rose 29.7% compared to November 2022. That is 99.1% of November 2019 levels.<\/p>\n\n\n\n<p>International traffic rose 26.4% versus November 2022. The Asia-Pacific region continued to report the strongest year-over-year results (+63.8%), with all regions showing improvement compared to the previous year. November 2023, international RPKs reached 94.5% of November 2019 levels.<\/p>\n\n\n\n<p>Domestic traffic for November 2023 was up 34.8% compared to November 2022. Total November 2023 domestic traffic was 6.7% above the November 2019 level. Growth was particularly strong in China (+272%) as it recovered from the Covid travel restrictions that were still in place a year ago. US domestic travel, benefitting from strong Thanksgiving holiday demand, reached a new high, expanding +9.1% over November 2019.<\/p>\n\n\n\n<p>\u201cWe 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,\u201d said IATA\u2019s director general Willie Walsh.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" width=\"600\" height=\"254\" data-src=\"https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2024\/01\/4-6-600x254.jpg\" alt=\"\" class=\"wp-image-230927 lazyload\" data-srcset=\"https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2024\/01\/4-6-600x254.jpg 600w, https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2024\/01\/4-6-300x127.jpg 300w, https:\/\/www.ttrweekly.com\/site\/wp-content\/uploads\/2024\/01\/4-6.jpg 681w\" data-sizes=\"(max-width: 600px) 100vw, 600px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 600px; --smush-placeholder-aspect-ratio: 600\/254;\" \/><\/figure>\n<\/div>\n\n\n<p><strong>International Passenger Markets<\/strong><\/p>\n\n\n\n<p><strong>Asia-Pacific airlines<\/strong> had a 63.8% rise in November traffic compared to November 2022, the region&#8217;s strongest year-over-year rate. Capacity rose 58.0%, and the load factor was up 2.9 percentage points to 82.6%.<\/p>\n\n\n\n<p><strong>European carriers\u2019 <\/strong>November traffic climbed 14.8% versus November 2022. Capacity increased by 15.2%, and load factor declined by 0.3 percentage points to 83.3%.<\/p>\n\n\n\n<p><strong>Middle Eastern airlines <\/strong>saw an 18.6% traffic rise in November compared to November 2022. November capacity increased 19.0% versus the year-ago period, and the load factor fell 0.2 percentage points to 77.4%.<\/p>\n\n\n\n<p><strong>North American carriers<\/strong> experienced a 14.3% traffic rise in November versus 2022. Capacity increased by 16.3%, and the load factor fell 1.4 percentage points to 80.0%.<\/p>\n\n\n\n<p><strong>Latin American airlines\u2019 <\/strong>November traffic rose 20.0% compared to the same month in 2022. November capacity climbed 17.7%, and the load factor increased 1.7 percentage points to 84.9%, the highest of any region.<\/p>\n\n\n\n<p><strong>African airlines <\/strong>had a 22.1% rise in November RPKs versus a year ago. November 2023 capacity was up 29.6%, and the load factor fell 4.3 percentage points to 69.7%, the lowest among regions.<\/p>\n\n\n\n<p><strong>The Bottom Line<\/strong><\/p>\n\n\n\n<p>\u201cAviation\u2019s rapid recovery from Covid demonstrates just how important flying is to people and to businesses. In parallel with aviation\u2019s recovery, governments recognised the urgency of transitioning from jet fuel to Sustainable Aviation Fuel (SAF) for aviation\u2019s decarbonisation. In November, the Third Conference on Aviation Alternative Fuels (CAAF\/3) saw governments agree that we should see 5% carbon savings by 2030 from SAF. This was followed up at COP28 in December, where governments agreed that we need a broad transition from fossil fuels to avoid the worst effects of climate change.&nbsp;&nbsp;<\/p>\n\n\n\n<p>&#8220;Airlines don&#8217;t need convincing. They agreed to achieve net zero carbon emissions by 2050, and every drop of SAF ever made in that effort has been bought and used. There simply is not enough SAF being produced. So we look to 2024 as the year when governments follow up on their declarations and finally deliver comprehensive policy measures to incentivise the rapid scaling-up of SAF production,&#8221; Walsh concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE, 15 January 2024: Globally, airline traffic measured in revenue passenger kilometres is now at 99.1% of November 2019 levels, the&nbsp; International Air Transport Association (IATA) reports in its latest data for November 2023. Total traffic in November 2023 (measured in revenue passenger kilometres or RPKs) rose 29.7% compared to November 2022. That is 99.1% [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":218003,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[469,1581],"tags":[],"class_list":{"0":"post-230926","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-airlines","8":"category-trends"},"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 almost hits 2019 mark - 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\/2024\/01\/air-travel-almost-hits-2019-mark\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Air travel almost hits 2019 mark - TTR Weekly\" \/>\n<meta property=\"og:description\" content=\"SINGAPORE, 15 January 2024: Globally, airline traffic measured in revenue passenger kilometres is now at 99.1% of November 2019 levels, the&nbsp; International Air Transport Association (IATA) reports in its latest data for November 2023. 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