IATA Reports 13.8% Surge in Global Air Travel Demand for March 2024

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

According to the released data, the total demand, measured in revenue passenger kilometers (RPKs), was up 13.8% compared to March 2023. Total capacity, measured in available seat kilometers (ASK), was up 12.3% year-on-year. The March load factor was 82.0% (+1.0 ppt compared to March 2023).

International demand rose 18.9% compared to March 2023; capacity was up 18.8% year-on-year and the load factor improved to 81.6% (+0.1ppt on March 2023).

Domestic demand rose 6.6% compared to March 2023; capacity was up 3.4% year-on-year and the load factor was 82.6% (+2.5 ppt compared to March 2023).

Willie Walsh, IATA's Director General, highlights the strong demand for travel and the importance of meeting it during the peak Northern Summer season. He stresses the need to resolve supply chain issues, fully staff airports and air traffic management, and ensure maximum efficiency for a hassle-free travel experience.

Walsh emphasizes airlines' preparedness for customer care but expresses frustration at bearing costs due to delays caused by poor preparation in other parts of the value chain.

News Source: Emirates News Agency