Passenger Demand Up 8.6% in August: Load Factor Reaches Record High
Source: IATA The International Air Transport Association (IATA) released data for August 2024 global passenger demand with the following highlights: Total demand, measured in revenue passenger kilometers (RPK), was up 8.6% compared to August 2023. Total capacity, measured in available seat kilometers (ASK), was up 6.5% year-on-year. The August load factor was 86.2% (+1.6ppt compared to August 2023), a new record high. International demand rose 10.6% compared to August 2023. Capacity was up 10.1% year-on-year and the load factor rose to 85.7% (+0.4ppt compared to August 2023). Domestic demandrose 5.6% compared to August 2023. Capacity was up 1.2% year-on-year and the load factor was 86.9% (+3.6ppt compared to August 2023). “The market for air travel is hot and airlines are [...]