Africa’s Airlines: Performance Updates for June 2024
AFRAA: 6% Increase in seat availability
![](https://afrviator.org/wp-content/uploads/2023/06/plane-on-ram-640x443.jpg)
In Q2 2024, the African Airlines Association (AFRAA) noted that despite challenges, the aviation industry continued to grow, with airlines sustaining their recovery due to increasing passenger demand.
The latest report from AFRAA for June 2024 highlights a notable increase in seat availability, with a 6% rise in global Africa and a 0.5% increase in intra-Africa routes compared to June 2023.
This growth is attributed to factors such as new routes, network expansion, and airline fleet upgrades across the region.
Key Performance Indicators (KPIs):
Capacity
- Global Africa: 6% increase (from 15 million to 16 million) in seat availability compared to June 2023.
- Intra-Africa: 0.5% increase in seat availability compared to June 2023.
Demand
- ASKs (Available Seat Kilometers): Up 11% compared to June 2023.
- RPKs (Revenue Passenger Kilometers): Estimated 5.8% increase year-over-year.
Market Share
- International Capacity: African carriers are predicted to hold 49.6%, with non-African carriers at 50.4%.
Intercontinental Capacity
- African carriers hold 37.0%, with non-African carriers at 63.0%. AFRAA forecasts a 15% growth in passenger traffic for African airlines in 2024.
Revenue: Passenger revenue for African airlines is on the rise, reflecting the overall traffic growth. AFRAA data shows a 2% increase in April 2024 compared to April 2023 (US$1.70 billion vs. US$1.66 billion).
Fuel Costs: The global price of Jet A1 fuel remains volatile, with the average price ending the week of June 21, 2024, at $103.16/bbl, up 3.2%.