Staff Aviation, News

NORTH AMERICAN CARRIERS STILL FLYING HIGH

North American carriers saw a 5.3% year-on-year increase in demand in July and capacity increased 6.3% year-on-year, according to data released by the International Air Transport Association (IATA). At the same time, the load factor was 89.4 percent – virtually the same as last year and the highest among regions.

For July 2024 global passenger demand showed the following:

  • Total demand, measured in revenue passenger kilometers (RPK), was up 8.0% compared to July 2023. Total capacity, measured in available seat kilometers (ASK), was up 7.4% year-on-year. The July load factor was 86.0% (+0.5ppt compared to July 2023). There was no significant negative demand impact from the CrowdStrike IT outage on 19 July.
  •  International demand rose 10.1% compared to July 2023. Capacity was up 10.5% year-on-year and the load factor fell to 85.9% (-0.3ppt compared to July 2023). 
  • Domestic demand rose 4.8% compared to July 2023. Capacity was up 2.8% year-on-year and the load factor was 86.1% (+1.7ppt compared to July 2023).

Every region of the world also showed strong growth year over year:

  • Asia-Pacific – 19.1%; Europe – 8.3%; Middle East – 5.8%; Latin America – 13.4%; and Africa – 7.4%.

(While hurricane Beryl had a strong localized impact in parts of the Caribbean, the Gulf of Mexico and southern United States, this did not significantly dampen demand region-wide.)

“July was another positive month. In fact, passenger demand hit an all-time high for the industry and in all regions except Africa, despite significant disruption caused by the CrowdStrike IT outage,” said Willie Walsh, IATA’s Director General.

He added, “The winding down of the peak northern summer season is a reminder of how much people depend on flying … But persistent supply chain bottlenecks have made deploying the capacity to meet the need to travel more challenging. As much of the world returns from vacation, there is an urgent call for manufacturers and suppliers to resolve their supply chain issues so that air travel remains accessible and affordable to all those who rely on it.”