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The International Air Transport Association (IATA) has reported a 7.1% increase in total demand for passenger air travel in October 2024 compared to the same month last year. The growth, measured in revenue passenger kilometers (RPK), is accompanied by a 6.1% rise in total capacity and an increase in the load factor to 83.9%.
International travel demand showed a significant rise of 9.5%, with capacity increasing by 8.6% and the load factor improving to 83.5%. Domestic demand also saw an uptick of 3.5%, with a capacity growth of 2% and a higher load factor at 84.5%.
Willie Walsh, IATA's Director General, emphasized the importance of these figures, stating, “Continued strong and stable demand is good news, but just as important is the steady improvement in load factors. It shows what a great job the industry is doing in flying people more efficiently."
