February 2024: Passenger Demand Increases 21.5% – IATA

Middle East & Africa see passenger surge: YOY Feb demand jumps 19.7% & 20.7% respectively.

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The International Air Transport Association (IATA) has released data on global passenger demand for February 2024.

Highlights:

  • Total demand (RPKs) increased 21.5% compared to February 2023.
  • Total capacity (ASKs) rose 18.7% year-on-year.
  • The February load factor reached 80.6%, up 1.9 percentage points from February 2023.

Industry Optimism & Headwinds

Willie Walsh, IATA’s Director General stated:

“There is good reason to be optimistic about the industry’s prospects in 2024 as airlines accelerate investments in decarbonisation and passenger demand shows resilience in the face of geopolitical and economic uncertainties.

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It is critical that politicians resist the temptation of cash grabs with new taxes that could destabilise this positive trajectory and make travel more expensive.”

Regional Breakdown

Middle East:

  • Demand rose 19.7% year-on-year.
  • Capacity increased 19.1% year-on-year.
  • Load factor climbed to 80.8%, up 0.4 percentage points compared to February 2023.

Africa:

  • Demand saw a 20.7% year-on-year increase.
  • Capacity grew by 22.1% year-on-year.
  • Load factor fell to 74.0%, down 0.8 percentage points from February 2023.

Africa, Reports
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