November 2024 Passenger Demand Up 8.1% – IATA
African Airlines saw a 12.4% YOY increase in demand in November 2024. Capacity rose by 6% with a load factor of 72.9%.
The International Air Transport Association (IATA) released data for November 2024 global passenger demand with the following highlights:
Total demand, measured in revenue passenger kilometres (RPK), was up 8.1% compared to November 2023.
Total capacity, measured in available seat kilometres (ASK), was up 5.7% year-on-year. The November load factor was 83.4% (+1.9 ppt compared to November 2023), an all-time high for November.
International demand rose 11.6% compared to November 2023. Capacity was up 8.6% year-on-year, and the load factor was 83.4% (+2.3 ppt compared to November 2023).
IATA reported that strong performance by carriers in Europe and Asia-Pacific drove this double-digit expansion in demand.
Willie Walsh, IATA’s Director General, stated:
“The month was also another reminder of the supply chain issues that are preventing airlines from getting the aircraft they need to meet growing demand.
“Airlines are missing out on opportunities to better serve customers, modernise their products, and improve their environmental performance because aircraft are not being delivered on time.
“The 2025 New Year’s resolution for the aerospace manufacturing sector must be finding a fast and durable solution for their supply chain issues.”
MEA Regional Breakdown
Middle East
Middle Eastern carriers saw an 8.7% year-on-year increase in demand. Capacity increased by 3.9% year-on-year and the load factor was 81.0% (+3.6 ppt compared to November 2023).
Africa
African airlines saw a 12.4% year-on-year increase in demand. Capacity was up 6.0% year-on-year. The load factor rose to 72.9% (+4.1 ppt compared to November 2023).
