Connect with us

Aviation & Tourism

IATA Reports Passenger Demand For African Carriers Increased By 15.5% In April 2024.

Published

on

The demand for passengers on African airlines increased by 15.5% in April 2024 compared to the same month the previous year, a gain of 11% worldwide.

The most recent International Air Transport Association (IATA) report on passenger demand worldwide for April 2024 is the source of this data.

African carriers expanded their capacity by 10.4% as of April 2023, according to IATA data. Furthermore, the load factor—a metric that quantifies the proportion of available seating capacity occupied by passengers—increased by 3.2 percentage points from April 2023 to 73%.

This implies that African airlines saw significant growth in passenger numbers, increased capacity, and a higher proportion of filled seats in April 2024.

Advertisement

“African airlines saw a 15.5% year-on-year increase in demand. Capacity was up 10.4% year-on-year. The load factor rose to 73.0% (+3.2ppt compared to April 2023),” the report read in part.

Read Also: Keyamo Announces Nigeria, Saudi Arabia Resume Joint Cargo Flights In Scramble For $6 Trillion Market

The IATA report highlighted that the increase in global passenger demand in April marked the 36th consecutive month of growth.

Furthermore, the data revealed that in April 2024, airlines’ total capacity increased by 9.6% year-on-year, and the load factor rose to 82.4%, a 1.0 percentage point increase from April 2023.

Delving further into passenger demand, the IATA report showed that in April 2024, international demand rose by 15.8% compared to April 2023, reflecting a strong global travel recovery. Capacity increased by 14.8%, and the load factor improved to 82.2%, up 0.7 percentage points from April 2023.

Advertisement

Domestically, passenger demand grew by 4.0%, with capacity rising by 2.1%. The load factor for domestic flights reached 82.6%, an increase of 1.5 percentage points from April 2023.

Read Also: Confusion As Foreign Airlines Challenge CBN To Show Evidence Of FX Backlog Clearance

Overall, the April 2024 data highlights robust growth in both international and domestic travel, with airlines effectively increasing capacity to meet rising demand and improving load factors, enhancing industry efficiency and profitability.

The IATA report for April 2024 revealed strong growth across all international passenger markets compared to April 2023. Load factors reached a two-year high, with capacity increases well-aligned to demand.

Having already covered the performance of African airlines, this section will focus on airlines from other regions of the world.

Advertisement

Asia-Pacific Airlines led the global aviation sector with a 32.1% year-on-year increase in demand and a 29.3% rise in capacity. The load factor improved to 83.7%, up 1.7 percentage points (ppt) from April 2023, with strong traffic flows from the Middle East and Africa contributing to this trend.

Read Also:  Japa: Air Peace Slashes London-Lagos Fares By Over 200%, Sparks Competition

European airlines saw a 10.1% year-on-year increase in demand, with a 10.0% rise in capacity. The load factor reached 83.3%, a slight increase of 0.1 ppt from April 2023. International routes from Europe exceeded pre-COVID levels in all regions except Africa, highlighting a robust recovery.

Middle Eastern airlines experienced a 14.2% year-on-year increase in demand and a 9.9% rise in capacity. The load factor improved by 3.0 ppt to 79.3%, reflecting enhanced operational efficiency and growing passenger confidence.

North American carriers had a 6.5% year-on-year increase in demand but saw capacity rise by 10.3%, resulting in a load factor decline to 81.0%, down 2.9 ppt from April 2023. This indicates a need for better capacity management.

Advertisement

Latin American airlines posted a 14.5% year-on-year increase in demand, with capacity climbing 13.5%. The load factor rose to 84.1%, up 0.7 ppt from April 2023, the highest among all regions, demonstrating effective capacity utilization and strong market demand.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *