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Global air travel demand continues strong in April
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In April 2023, total traffic (measured in revenue passenger kilometres, or RPKs) grew 45.8% over April 2022. Global traffic is presently 90.5% of what it was prior to the introduction of Covid. The industry load factor was only 1.8 percentage points lower than the pre-pandemic level, at 81.3%.
Domestic traffic grew 42.6% year-on-year in April and has now recovered completely, with a 2.9% increase over April 2019 figures. International traffic climbed 48.0% from April 2022 to April 2023, with healthy growth in all markets and Asian carriers continuing to lead the recovery. International RPKs are currently trading at 83.6% of their April 2019 levels.
International passenger markets
Asia-Pacific airlines saw a 192.7% increase in April 2023 traffic compared to April 2022. Capacity climbed 145.3% and the load factor increased by 13.2 percentage points to 81.6%.
European carriers had a 22.6% traffic rise versus April 2022. Capacity rose 16.0%, and load factor climbed 4.5 percentage points to 83.3%, which was the second highest among the regions.
Middle Eastern airlines posted a 38.0% traffic increase compared to April a year ago. Capacity climbed 27.8% and load factor rose 5.6 percentage points to 76.2%.
North American carriers’ traffic climbed 34.8% in April 2023 versus the 2022 period. Capacity increased 26.5%, and the load factor rose 5.2 percentage points to 83.8%, which was the highest among the regions. North American international traffic is now fully recovered, with RPKs 0.4% above April 2019 levels.
Latin American airlines saw a 25.8% traffic increase compared to the same month in 2022. April capacity climbed 26.4% and the load factor slipped 0.4 percentage points to 83.1%.
African airlines’ traffic rose 53.5% in April 2023 versus a year ago, the second highest among the regions. April capacity was up 50.0% and the load factor climbed 1.6 percentage points to 69.8%, the lowest among the regions.
Domestic passenger markets
China’s domestic traffic rose 536.2% in April compared to a year ago and surpassing the April 2019 levels by 6.0%.
US airlines’ domestic demand climbed 5.5% in April and was 3.3% above the April 2019 levels.
"Heading into the Northern Hemisphere peak travel season, aircraft and airports are full of people eager to make use of their travel freedoms. Airlines are working hard to accommodate them with a smooth travel experience despite continuing supply chain shortages and other operational challenges. Sadly, some governments appear keener on punitive regulation than on doing their part to enable hassle-free travel.
"The Dutch government’s high-handed effort to slash capacity at Schiphol airport is a prime example. And then we have a focus on EU-style passenger rights regulation that is spreading like a contagion. Proponents of this approach miss a key fact. EU 261 has not led to a reduction in delays. That’s because penalising airlines raises airline costs but does not address delays caused by factors over which airlines have no control, such as inefficient air traffic management or staffing shortages at air navigation service providers.
"The single best thing that Europe could do to improve the travel experience is deliver the Single European Sky. As for other governments contemplating passenger rights regulations, avoiding a repeat of Europe’s mistake would be a helpful starting point.
"In just a few days, leaders of the global aviation community will gather in Istanbul at the 79th Iata Annual General Meeting (AGM) and World Air Transport Summit. Regulation and other key issues, including the critical topic of sustainability, will be on the agenda," says Walsh.
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