In July 2023, there was a notable surge of 26.2% in total traffic measured in revenue passenger-kilometers (RPKs) compared to July 2022. This increase means that on a global scale, traffic has now rebounded to 95.6% of pre-pandemic levels. Domestic traffic experienced a substantial upswing in July, marking a 21.5% rise when compared to July of the previous year. Impressively, it surpassed July 2019 results by 8.3%.
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GLOSINGAPORE: The International Air Transport Association (IATA) has declared that the positive trajectory of post-Covid-19 recovery persisted in July for passenger markets.
In July 2023, there was a notable surge of 26.2% in total traffic measured in revenue passenger-kilometers (RPKs) compared to July 2022. This increase means that on a global scale, traffic has now rebounded to 95.6% of pre-pandemic levels.
Domestic traffic experienced a substantial upswing in July, marking a 21.5% rise when compared to July of the previous year. Impressively, it surpassed July 2019 results by 8.3%. The RPKs for July reached an all-time high, primarily propelled by a significant surge in demand within the Chinese domestic market.
International traffic saw a notable uptick of 29.6% compared to the same month in the previous year, with all markets demonstrating robust growth. International RPKs reached 88.7% of July 2019 levels. The industry’s passenger load factor (PLF) reached an unprecedented 85.7%, marking the highest monthly international PLF ever recorded.
IATA’s director general Willie Walsh remarked, “Planes were full during July as people continued to travel in greater numbers. Importantly, forward ticket sales indicate that traveller confidence remains high. And there is every reason to be optimistic about the continuing recovery.”
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In July 2023, the international passenger markets exhibited noteworthy trends across different regions:
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Asia-Pacific airlines continued to lead with a substantial 105.8% surge in traffic compared to July 2022. Capacity also increased significantly by 96.2%, resulting in a 3.9 percentage point rise in the load factor, which now stands at 84.5%.
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European carriers experienced a solid 13.8% increase in July traffic when compared to the same period in 2022. Capacity rose by 13.6%, and the load factor saw a marginal uptick of 0.1 percentage points, reaching 87.0%.
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Middle Eastern airlines displayed a notable 22.6% surge in July traffic compared to the previous year. Capacity also increased, rising by 22.1%, and the load factor improved by 0.3 percentage points, reaching 82.6%.
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North American carriers recorded a 17.7% rise in traffic in July 2023 compared to 2022. Capacity increased by 17.2%, and the load factor experienced a 0.3 percentage point improvement, achieving a high of 90.3%. This marks the highest load factor among all regions for the second consecutive month.
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Latin American airlines saw a substantial 25.3% rise in traffic in comparison to July 2022. July capacity climbed by 21.2%, and the load factor experienced a significant increase of 2.9 percentage points, reaching 89.1%.
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African airlines demonstrated a noteworthy 25.6% increase in traffic in July 2023 compared to the previous year, marking the second-highest percentage gain among the regions. July capacity also saw a substantial rise of 27.4%, though the load factor experienced a slight decline of one percentage point, reaching 73.9%. Notably, Africa was the only region for the second consecutive month where capacity growth exceeded traffic demand.
Source: TTR Weekly
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