Published: January 10, 2024 at 7:43am ET
The International Air Transport Association (IATA) reported on Wednesday that global air traffic recovered to 99.1% of 2019 levels in November as international travel continued to rise towards pre-pandemic levels.
Global air travel growth slowed slightly in November, but revenue passenger kilometers (RPKs) remained strong, increasing 30% year-on-year. International traffic increased by 26%, reflecting almost 65% growth in Asia Pacific, but remained 5.5% below 2019 levels.
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The International Air Transport Association (IATA) reported on Wednesday that global air traffic recovered to 99.1% of 2019 levels in November as international travel continued to rise towards pre-pandemic levels.
Global air travel growth slowed slightly in November, but revenue passenger kilometers (RPKs) remained strong, increasing 30% year-on-year. International traffic increased by 26%, reflecting almost 65% growth in Asia Pacific, but remained 5.5% below 2019 levels.
Meanwhile, domestic traffic was down 3.5% from 2019 levels as China recovered from pandemic-related travel restrictions that were still in place as of November 2022 and the United States benefited from record Thanksgiving holiday demand. % increase to 106.7%.
IATA Director General Willie Walsh said: “We are getting closer and closer to surpassing the 2019 peak for air travel. Economic headwinds will not stop people from taking to the skies.” Stated.
Market participants point out that air travel demand and jet fuel consumption are not recovering at the same pace, mainly because new aircraft consume significantly less fuel.
The International Energy Agency last month predicted that global demand for jet fuel and kerosene will remain roughly flat in 2024 at 7.2 million barrels per day.
This content was generated by the Oil Price Information Service operated by Dow Jones Company. OPIS is operated independently of Dow Jones Communications and the Wall Street Journal.
–Reporting by Jaime Llinares Taboada, jllinares@opisnet.com. Edited by Rob Sheridan, rsheridan@opisnet.com
