The International Air Transport Association (IATA) data for July 2024 global passenger demand shows that “African airlines saw a 7.4% year-on-year increase in demand. Capacity was up 6.7% year-on-year. The load factor rose to 74.3% (+0.5ppt compared to July 2023).”
IATA’s Director General, Willie Walsh said: “July was another positive month. In fact, passenger demand hit an all-time high for the industry and in all regions except Africa, despite significant disruption caused by the CrowdStrike IT outage.”
According to the IATA DG, “Load factors are at the practicable maximum. But persistent supply chain bottlenecks have made deploying the capacity to meet the need to travel more challenging. As much of the world returns from vacation, there is an urgent call for manufacturers and suppliers to resolve their supply chain issues so that air travel remains accessible and affordable to all those who rely on it.”
Air Passenger Market in Detail
| July 2024 (% year-on-year) | World Share1 | RPK | ASK | PLF(%-PT)2 | PLF(Level)3 |
| Total Market | 100% | 8.0% | 7.4% | +0.5% | 86.0% |
| Africa | 2.1% | 6.6% | 5.8% | +0.6% | 75.0% |
| Asia Pacific | 31.7% | 12.0% | 9.8% | +1.6% | 83.4% |
| Europe | 27.1% | 7.2% | 7.0% | 0.1% | 88.2% |
| Latin America | 5.5% | 7.5% | 8.4% | -0.7% | 86.2% |
| Middle East | 9.4% | 6.1% | 5.5% | +0.5% | 84.0% |
| North America | 24.2% | 4.9% | 5.1% | -0.2% | 88.9% |
1) % of industry RPKs in 2023 2) Year-on-year change in load factor 3) Load Factor Level
Source:IATA