Home Business African airlines see 25.6% traffic growth in July 2023

African airlines see 25.6% traffic growth in July 2023

189
0
Airlines Passenger Market-Photo Credit=theGBJournal.OKOH
Access Pensions, Future Shaping

FRI, SEPT 08 2023-theGBJournal |African airlines saw a 25.6% traffic increase in July 2023 versus a year ago, the is the second highest percentage gain among the regions, according to the International Air Transport Association (IATA) in its latest Passenger Market Analysis.

July capacity was up 27.4% and load factor fell 1.0 percentage point to 73.9%, the lowest among the regions.

For a second month in a row, Africa was the only region to see capacity growth outrun traffic demand.

The global airlines watchdog said that the post-COVID recovery momentum continued in July for passenger markets as total traffic in July 2023 (measured in revenue passenger kilometers or RPKs) rose 26.2% compared to July 2022.

”Globally, traffic is now at 95.6% of pre-COVID levels,” IATA reports.

It said domestic traffic for July rose 21.5% versus July 2022 and was 8.3% above the July 2019 results.

July RPKs are the highest ever recorded, strongly supported by surging demand in the China domestic market.

International traffic climbed 29.6% compared to the same month a year ago with all markets showing robust growth. International RPKs reached 88.7% of July 2019 levels.

The passenger load factor (PLF) for the industry reached 85.7% which is the highest monthly international PLF ever recorded.

“Planes were full during July as people continue to travel in ever greater numbers. Importantly, forward ticket sales indicate that traveler confidence remains high. And there is every reason to be optimistic about the continuing recovery,” said Willie Walsh, IATA’s Director General.

Walsh also shared his view on the industry performance worldwide.

He said, “the Northern Hemisphere summer is living up to expectations for very strong traffic demand. While the industry was largely prepared to accommodate a return to pre-pandemic levels of operations, unfortunately, the same cannot be said for our infrastructure providers.

Performance of some of the key air navigations services providers, for example, has been deeply disappointing for many reasons from insufficient staffing to the failure fiasco of NATS in the UK. These must be promptly corrected.

Even more worrying, however, are political decisions by some governments—among them Mexico and the Netherlands—to impose capacity cuts at their major hubs that will most certainly destroy jobs and damage local and national economies.

The numbers continue to tell us that people want and need air connectivity. That’s why governments should be working with us so that people can travel safely, sustainably and efficiently.”

Twitter-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com| govandbusinessj@gmail.com

Access Pensions, Future Shaping
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments