THE Airlines companies saw their passenger traffic reach in August 95.7% of 2019 levelbefore the health crisis, according to the monthly report of theInternational Air Transport Association (IATA).
As of August 2023, total passenger traffic worldwide (measured in revenue passenger kilometers or RPK) increased by 28.4% compared to August 2022. Globally, traffic is now at 95.7% of pre-Covid levels.
THE domestic traffic once again pulled the sector upwards: in August it increased by 25.4% compared to August 2022 and was 9.2% higher than the results of August 2019. This development is largely due to demand Chinese interior.
THE international traffic increased by 30.4% compared to the same month last year. All markets posted double-digit percentage gains year over year. International RPKs reached 88.5% of August 2019 levels.
“ Air travel demand performed well in August. Year-to-date, international traffic is up 50% over last year and ticket sales data shows international bookings have strengthened in the latter part of the year said Willie Walsh, Director General of IATA.
According to the association’s latest projections, air transport should almost return in 2023 to the number of passengers before the health crisis, at 4.35 billion compared to 4.54 in 2019. Airlines, on average globally , are expected to reap profits this year estimated at $9.8 billion, after losing some $183 billion cumulatively between 2020 and 2022.