The International Air Transport Association (IATA) has released its 2024 World Air Transport Statistics (WATS) report, offering an overview of global air travel trends and industry financial health. The annual report includes data on operating costs, revenue, aircraft usage, and airline employment.
A significant trend highlighted in the report is the strong growth in international premium class travel. In 2024, business and first-class passenger numbers increased by 11.8%, slightly outpacing the 11.5% growth seen in economy class travel worldwide. There were 116.9 million international premium-class travelers during the year, representing 6% of all international passengers.
Regionally, Asia Pacific experienced the highest percentage increase in premium class travel at 22.8%, totaling 21 million premium passengers. However, this was surpassed by a larger rise in economy class travelers in the region, which climbed by 28.6% to reach 500.8 million passengers. In contrast, growth in premium travel exceeded that of economy class in Europe, Latin America, Middle East, and North America. Europe remained the largest market for international premium travel with 39.3 million premium passengers, while the Middle East recorded the highest share of premium travelers as a percentage of total travelers at 14.7%.