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He finished the 2023 and everything is practically recovered and normal in airline industry Worldwide, but there are still some markets to finish recovering 100%.
The International Air Transport Association (THERE IT IS) announced that the recovery of air traffic continued in December 2023, getting even closer to pre-pandemic demand levels.
In this installment we are going to review the highlights, being that the cargo segment continued its decline last year and is the one that faces the most challenge.
This is how the airline industry fared in 2023
We began to review the statistics for the passenger airline segment.
passengers
- The total traffic in 2023 (measured in profitable passenger kilometers or RPKs) increased a 36,9% in comparison with 2022, reaching the 94,1% of the levels of 2019.
- December of 2023 saw an increase in 25,3% in total traffic compared to December 2022 and reached the 97,5% from the level of December 2019.
- The fourth quarter of 2023 recorded traffic of 98,2% of the level of 2019, reflecting the strong recovery towards the end of the year.
International trafficking
- international traffic in 2023 went up a 41,6% in comparison with 2022 and reached the 88,6% of the levels of 2019.
- December of 2023 experienced an increase in 24,2% in international traffic compared to December 2022, reaching the 94,7% from the level of December 2019.
- Fourth quarter traffic was at 94,5% from 2019.
Domestic trafficking
- Domestic traffic in 2023 increased a 30,4% compared to the previous year, even surpassing the level of the entire year 2019 in a 3,9%.
- December of 2023 saw an increase in 27,0% in domestic traffic compared to the same period of the previous year and stood at 2,3% above December traffic 2019.
- Fourth quarter traffic was a 4,4% higher than the same quarter of 2019.
Performance of international markets by region
- Asia-Pacific recorded the largest increase in international traffic in 2023 with a 126,1% in comparison with 2022.
- Europe experienced an increase in 22,0% in annual traffic.
- The Middle East reported an increase in 33,3% in traffic.
- North America saw an increase in 28,3% in annual traffic.
- Latin America recorded an increase in 28,6% in traffic, the best performance of all regions.
- Africa had an increase in 38,7% in annual traffic, being the lowest in the industry.
Load
- The global demand for 2023, measured in freight ton-kilometres (CTK), went down a 1,9% with respect to 2022 (-2,2% for international operations). Compared with 2019 (pre-covid), went down a 3,6% (-3,8% for international operations).
- The capacity in 2023, measured in available ton-kilometers of cargo (ACTK), went up a 11,3% with respect to 2022 (+9,6% for international operations). Compared with 2019, capacity went up 2,5% (0,0% for international operations).
- December of 2023 showed exceptionally strong performance: global demand exceeded by 10,8% the levels of 2022 (+11,5% for international operations). This was the best annual growth in the last two years. The overall capacity exceeded by 13,6% the levels of 2022 (+14,1% for international operations).
Regional performance in 2023
- Pacific Asia: Best year-on-year performance, with an increase in demand for 0,9% and an increase in the capacity of 28,5%.
- North America: Worst year-on-year performance, with a decrease in demand for 5,7% and an increase in the capacity of 0,3%.
- Europe: Decrease in demand for 3,9% and increasing the capacity of 4,5%.
- middle East: Increase in demand for 1,6% and increasing the capacity of 13,5%.
- Latin America: Best year-on-year performance among emerging regions, with an increase in demand for 2,0% and an increase in the capacity of 13,2%.
- Africa: Decrease in demand for 1,8% and increasing the capacity of 5,6%.
In summary, the 2023 It was a year of great recovery for the airline industry, getting closer to pre-pandemic levels! It is expected that 2024 be a year of normalization and continuous growth.
What do you think of this news?? Have you yourself noticed the recovery in air travel? Share your opinion in the comments!
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