IATA: Air traffic demand up 10.7% in May
In May, global traffic, as measured by revenue passenger kilometers, increased 10.7% year-over-year, continuing its double-digit percentage growth trend
The International Air Transport Association (IATA) released data for May 2024 global passenger demand with the following highlights:
- Total demand, measured in revenue passenger kilometers (RPKs), was up 10.7% compared to May 2023. Total capacity, measured in available seat kilometers (ASK), was up 8.5% year-on-year. The May load factor was 83.4% (+1.7ppt compared to May 2023), a record high for May;
- International demand rose 14.6% compared to May 2023. Capacity was up 14.1% year-on-year and the load factor improved to 82.8% (+0.3ppt on May 2023);
- Domestic demand rose 4.7% compared to May 2023; capacity was up 0.1% year-on-year and the load factor was 84.5% (+3.8ppt compared to May 2023).
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