The International Air Transport Association (IATA) says the strong post-pandemic passenger traffic trend continued in September. According to IATA, “Total traffic in September 2023 (measured in revenue passenger kilometers or RPKs) rose 30.1% compared to September 2022. Globally, traffic is now at 97.3% of pre-COVID levels.”
Domestic traffic hit a new high for the month of September, as traffic rose 28.3% versus September 2022 and exceeded the September 2019 level by 5.0%. On the other hand, International traffic climbed 31.2% compared to the same month a year ago. All markets saw double-digit percentage gains year on year. International RPKs reached 93.1% of September 2019 levels.
African airlines posted a 28.1% traffic increase in September 2023 versus a year ago. Capacity was up 29.9% and load factor slipped 1.0 percentage points to 72.6%.
Willie Walsh, IATA’s Director General said, “The third quarter of 2023 ended on a high note, with record domestic passenger demand for the month of September and continued strong international traffic.”
According to the Report, “Asia-Pacific airlines had a 92.6% increase in September 2023 traffic compared to September 2022, continuing to lead the regions in terms of annual improvement. Capacity climbed 82.1% and the load factor increased by 4.5 percentage points to 82.5%. For European airlines “September traffic climbed 15.7% versus September 2022. Capacity increased 14.9%, and load factor edged up 0.6 percentage points to 85.5%.”
Middle Eastern airlines saw a 26.6% increase in September traffic compared to a year ago. Capacity rose 23.7% and load factor climbed 1.9 percentage points to 81.8% while North American carriers had an 18.9% traffic rise in September 2023 versus the 2022 period. Capacity increased 18.0%, and load factor improved 0.6 percentage points to 85.6%. Latin American airlines’ traffic rose 26.8% compared to the same month in 2022. September capacity climbed 24.7% and load factor rose 1.4 percentage points to 85.8% according to IATA.
Air Passenger Market in Detail
| SEPTEMBER 2023 (% YEAR-ON-YEAR) | WORLD SHARE1 | RPK | ASK | PLF(%-PT)2 | PLF(LEVEL)3 |
| Total Market | 100% | 30.1% | 28.8% | 0.8% | 82.6% |
| Africa | 2.1% | 24.6% | 27.2% | -1.5% | 73.1% |
| Asia Pacific | 22.1% | 87.9% | 75.5% | 5.3% | 80.0% |
| Europe | 30.8% | 13.8% | 12.8% | 0.8% | 86.0% |
| Latin America | 6.4% | 15.7% | 14.3% | 1.1% | 83.9% |
| Middle East | 9.8% | 26.1% | 22.8% | 2.2% | 81.6% |
| North America | 28.8% | 9.7% | 12.5% | -2.1% | 83.0% |
1) % of industry RPKs in 2022 2) Year-on-year change in load factor 3) Load Factor Level
The Bottom Line
“With the end of 2023 fast approaching, we can look back on a year of strong recovery in demand as passengers took full advantage of their freedom to travel. There is every reason to believe that this momentum can be maintained in the New Year, despite economic and political uncertainties in parts of the world. But we need the whole value chain to be ready. Supply chain issues in the aircraft manufacturing sector are unacceptable. They have held back the recovery and solutions must be found. The same holds true for infrastructure providers, particularly air navigation service providers. Equipment failures, staffing shortages and labor unrest made it impossible to deliver the flying experience our customers expect. A successful 2024 needs the whole value chain to be fully prepared to handle the demand that is coming,” said Walsh.
Air Passenger Market Overview – September 2023
| SEPTEMBER 2023 (% CH VS SAME MONTH IN 2019) | WORLD SHARE1 | RPK | ASK | PLF (%-PT)2 | PLF (LEVEL)3 |
| Total Market | 100.0% | -2.7% | -3.5% | 0.7% | 82.6% |
| International | 58.1% | -6.9% | -9.2% | 2.1% | 83.8% |
| Domestic | 41.9% | 5.0% | 7.1% | -1.6% | 80.7% |
1) % of industry RPKs in 2022 2) year-on-year change in load factor 3) Load Factor Level