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THERE IT IS reported a large closure of the 2024, in which both passenger traffic and cargo demand grew worldwide.
The 2024 has marked a milestone for the aviation industry, with record figures in both passenger and cargo transportation, according to data published by the International Air Transport Association (THERE IT IS). Results for the full year and December 2024 reveal a panorama of growth and recovery, even exceeding pre-pandemic levels.
passenger traffic: an impressive ascent
The total passenger traffic in 2024 (measured in rpks) experienced an increase in 10,4% in comparison with 2023, surpassing in a 3,8% the levels of 2019. The total capacity, measure in ASK, grew a 8,7% on 2024. The global load factor reached a record of 83,5% for the full year.
International traffic for 2024 increased a 13,6% in comparison with 2023, and capacity grew 12,8%. Domestic traffic for 2024 increased a 5,7% compared to the previous year, while capacity expanded by 2,5%.
December of 2024 closed the year with a solid performance, With a general increase in demand for 8,6% interannual and a growth in the capacity of 5,6%. International demand increased 10,6% and domestic demand a 5,5%. December load factor reached 84%, a record for the month.
International passenger markets
Annual international traffic surpassed previous high of 2019 in a 0,5% on 2024, with growth in all regions. The capacity was a 0,9% lower than that of 2019. Load factor improved 0,5 percentage points, ending in the 83,2%, a record.
In December, international demand grew 10,6%, capacity increased by 7,7% and the load factor improved by 2,2 percentage points (compared to December 2023) until the 83,9%.
- Asia-Pacific airlines saw an increase in 26,0% in annual international traffic 2024 in comparison with 2023, maintaining the strongest year-on-year rate among regions.
- European airlines experienced an increase in 9,7% in annual traffic compared to 2023.
- Middle East airlines saw an increase in 9,4% in traffic in 2024 in comparison with 2023.
- North American airlines reported an increase in 6,8% in annual traffic 2024 in comparison with 2023.
- Latin American airlines recorded an increase in 14,4% in traffic in 2024 with respect to the full year 2023.
- African airlines' annual traffic increased by 13,2% on 2024 compared to the previous year.
Air cargo market: an exceptional year
The THERE IT IS also published data on the performance of the global air cargo market for the full year 2024 and December 2024, showing an increase in 11,3% in full year demand, surpassing record volumes set in 2021.
Full year capacity increased by 7,4% in comparison with 2023. Full-year returns averaged 1,6% less than in 2023, but a 39% more than 2019. December of 2024 closed the year with continued strong performance. Global demand was a 6,1% higher than December levels of 2023.
Regional air cargo performance
- Asia-Pacific airlines experienced the highest growth in air cargo demand in 2024, with an increase of 14,5% interannual.
- North American airlines experienced the lowest growth in air cargo demand in 2024, with an increase of 6,6% interannual.
- European airlines experienced growth in air cargo demand from 11,2% interannual in 2024.
- Middle East airlines experienced growth in air cargo demand from the 13% interannual in 2024.
- Latin American airlines experienced growth in air cargo demand from 12,6% interannual in 2024.
- African airlines experienced growth in air cargo demand from 8,5% interannual in 2024.
Growth on international routes was exceptional for the 17th consecutive month, with an increase of 7% Interranual in December. Airlines are benefiting from increased demand for e-commerce in the USA and Europe amid continuing capacity constraints in shipping.
The light was seen at the end of the tunnel and the pandemic is completely behind us, The rate of growth has been recovered and nothing extraordinary is expected to change this trend, But as we know, anything can happen, so we will be attentive.
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