Demand in August for air travel continued to increase, with the month’s load factor at 86.2 percent, up 1.6 percentage points and a new high for the month, according to the latest data from the International Air Transport Association.
Total August demand, as measured in revenue passenger kilometers, was up 8.6 percent year over year. Capacity, as measured in available seat kilometers, was up 6.5 percent for the period.
August international demand once again outpaced domestic traffic, increasing 10.6 percent compared with August 2023, while capacity was up 10.1 percent year over year. International load factor increased 0.4 percentage points to 85.7 percent. Domestic air traffic increased 5.6 percent year over year, with capacity up 1.2 percent. Domestic load factor was 86.9 percent, up 3.6 percentage points from a year earlier.
“The market for air travel is hot, and airlines are doing a great job of meeting the growing demand for travel,” IATA director general Willie Walsh said in a statement. “Efficiency gains have driven load factors to record highs, while the 6.5 percent capacity increase demonstrates resilience in the face of persistent supply chain issues and infrastructure deficiencies.”
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Globally, total August Asia-Pacific demand increased 13.4 percent year over year, representing the highest percentage change for the month. North America had the lowest demand increase, at 4.8 percent year over year, as well as the lowest capacity increase, at 2.4 percent. Demand increases for the other regions ranged from 5 percent to 9.6 percent. Capacity increases for the remaining geographies ranged from 5.9 percent to 8.7 percent.
Internationally, Asia-Pacific and Latin America in August were the only two regions to report double-digit percentage increases in each demand and capacity. Overall international ticket sales in May to July for travel in August to September increased 6.6 percent year over year, “which bodes well for further strong growth this year,” according to IATA.
Only China showed a domestic double-digit percentage traffic increase in August at 10.7 percent year over year. The remaining domestic regions had traffic increases of 4.9 percent to 7.6 percent, the latter of which was for Japan, “more than doubling July’s growth rate,” according to IATA.
“Looking ahead, the continued strong demand growth signals that we could be fast approaching an infrastructure capacity crunch that would restrict connectivity and choice for passengers and businesses,” Walsh said. “In the interim, both airports and air navigation service providers need to do more with the resources they currently have.”
