IATA says air travel growth continues

Total traffic in February 2023 (measured in revenue passenger kilometers or RPKs) rose 55.5% compared to February 2022. Globally, traffic is now at 84.9% of February 2019 levels.

International traffic climbed 89.7% versus February 2022 with all markets recording strong growth, led once again by carriers in the Asia-Pacific region. International RPKs reached 77.5% of February 2019 levels.

“Despite the uncertain economic signals, demand for air travel continues to be strong across the globe and particularly in the Asia-Pacific region. The industry is now just about 15% below 2019 levels of demand and that gap is narrowing each month,” said Willie Walsh, IATA’s director general.

International Passenger Markets

African airlines’ traffic rose 90.7% in February 2023 versus a year ago. February capacity was up 61.7% and load factor climbed 11.4 percentage points to 75.0%.

Asia-Pacific airlines had a 378.7% increase in February 2023 traffic compared to February 2022, maintaining the very positive momentum of the past few months since the lifting of travel restrictions in the region. Capacity rose 176.4% and the load factor increased 34.9 percentage points to 82.5%, the second highest among the regions.

Middle Eastern airlines saw a 75.0% traffic increase compared to February a year ago. Capacity climbed 40.5% and load factor pushed up 15.8 percentage points to 80.0%.

North American carriers’ traffic climbed 67.4% in February 2023 versus the 2022 period. Capacity increased 39.5%, and load factor rose 12.8 percentage points to 76.6%.

Latin American airlines had a 44.1% traffic increase compared to the same month in 2022. February capacity climbed 34.0% and load factor rose 5.8 percentage points to 82.7%, the highest among the regions.

European carriers posted a 47.9% traffic rise versus February 2022. Capacity climbed 29.7%, and load factor rose 9.1 percentage points to 73.7%, which was the lowest among the regions.