Global air travel booming IATA

RT.com
17 Sep 2023, 16:13 GMT+10

Passenger traffic has rebounded almost topre-Covid levels, the industry body reports

Global passenger plane traffic continued its post-Covid recovery in July, driven by surging demand on the Chinese domestic market, the International Air Transport Association (IATA) reported on Wednesday.

According to the press release, air traffic across the globe jumped 26.2% in July in annual terms when measured in revenue passenger kilometres (the number of passengers multiplied by the distance traveled). Globally, traffic is now at 95.6% of pre-Covid levels, according to the IATA.

Domestic aircraft transport for July rose 21.5% versus July 2022 and was 8.3% above the July 2019 results, driven by the Chinese market's soaring demand.

The passenger load factor (the percentage of filled seats) for the global air travel industry reached 85.7% which is the highest monthly international figure ever recorded.

"Planes were full during July as people continue to travel in ever greater numbers. Importantly, forward ticket sales indicate that traveler confidence remains high. And there is every reason to be optimistic about the continuing recovery," said Willie Walsh, IATA's Director General.

Asia-Pacific airlines saw a 105.8% increase in July 2023 traffic compared to July 2022, continuing to lead the regions. They were followed by African, Latin American, and Middle Eastern airlines, as well as North American and European carriers, the report showed.

For more stories on economy & finance visit RT's business section

(RT.com)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to International Travel News.

More Information

27 ℃

Mostly Cloudy in Seletar

Hospitality

Section

First flight from Libya to Italy in 10 years, takes off from Tripoli

TRIPOLI, Libya: Italy and Libya resumed commercial flights for the first time in ten years on September 30, with flight ...

United Airlines' pilots sign new contract for better pay, benefits

CHICAGO, Illinois: On September 29, the union representing United Airlines' pilots said its members had ratified a new four-year contract, ...

Slow economy means fewer Chinese travel abroad for holidays

SHANGHAI, China: Chinese officials report that 100 million people are traveling daily during the ongoing Golden Week holiday. Three times ...

In $10 billion deal, China Eastern Airlines to acquire 100 more planes

BEIJING, China: In a deal worth US$10 billion at list prices this week, state-owned carrier China Eastern Airlines announced that ...

Angola introduces visa-free travel for Russians Izvestia

The measure went into effect last month following a presidential decree, according to Moscow's ambassador to the African nationAngola's government ...

World Bank sees 5.8 pc growth in South Asia in 2023 fiscal

Washington [US], October 3 (ANI): South Asia is expected to grow by 5.8 per cent in the financial year 2023, ...

Travel and Tourism

Section