Global passenger traffic rebounded to 15 per cent below its pre-pandemic levels in February, led by airlines in Asia-Pacific, which recorded the fastest growth, the International Air Transport Association said.
Total passenger traffic worldwide increased 55.5 per cent on an annual basis in February, despite the uncertainties hanging over the global economy, according to Iata's monthly report.
International passenger traffic jumped 89.7 per cent from February 2022 and reached 77.5 per cent of February 2019 levels. All markets recorded strong growth, with Asia-Pacific airlines again leading the way.
Demand for domestic travel in February also rose 25.2 per cent, compared with the same month last year, and stood at 97.2 per cent of February 2019 levels.
“Despite the uncertain economic signals, demand for air travel continues to be strong across the globe and particularly in the Asia-Pacific region," Willie Walsh, Iata's director general, said.
"The industry is now just about 15 per cent below 2019 levels of demand and that gap is narrowing each month."
The removal of Covid-19 restrictions for Chinese domestic and international travel has continued to bode well for the industry's continued strong recovery from the pandemic.
Covid restrictions in China, the world's second-biggest economy and top air travel market, were among the strictest and most enduring worldwide.
However, escalating geopolitical tensions, increasing economic fragmentation, high inflation and a surprise output cut by Opec+ producers that sent oil prices higher this week are a challenging backdrop against which airlines operate.
Despite the tough global economic headwinds, Middle Eastern airlines registered a 75 per cent jump in passenger traffic compared to February 2022. Capacity climbed 40.5 per cent, while load factor — a measure of how well airlines can fill available seats — rose 15.8 percentage points to 80 per cent, according to Iata.
Global airlines are ready for the travel rush during the busy Easter holidays this month, but airports and other players in the travel supply chain must also play their part, Mr Walsh said.
"Other participants in the air travel value chain, including airports, air navigation service providers, and airport security staff, need to have the same commitment to ensuring our customers can enjoy smooth holiday travel."
Mr Walsh's comments come after crippling labour shortages curbed capacity and led to travel headaches last summer at major hubs in Europe and the US. Travellers suffered long lines, baggage piles and delayed flights.
Meanwhile, global air cargo markets in February registered a slower pace of decline, Iata data showed.
Global demand, measured in cargo tonne-kilometres, fell 7.5 per cent year on year, which was half the rate of annual decline recorded in January of 14.9 per cent.
February demand for air cargo was 2.9 per cent higher than pre-pandemic levels in the same month of 2019 — the first time it has surpassed pre-pandemic levels in eight months, Iata said.
Cargo capacity grew 8.6 per cent compared to February 2022, reflecting the addition of belly capacity as the passenger side of the business continues to recover.
"An optimistic eye could see the start of an improvement trend that leads to market stabilisation and a return to more normal demand patterns after dramatic ups-and-downs in recent years,” Mr Walsh said.
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
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Jordan cabinet changes
In
- Raed Mozafar Abu Al Saoud, Minister of Water and Irrigation
- Dr Bassam Samir Al Talhouni, Minister of Justice
- Majd Mohamed Shoueikeh, State Minister of Development of Foundation Performance
- Azmi Mahmud Mohafaza, Minister of Education and Minister of Higher Education and Scientific Research
- Falah Abdalla Al Ammoush, Minister of Public Works and Housing
- Basma Moussa Ishakat, Minister of Social Development
- Dr Ghazi Monawar Al Zein, Minister of Health
- Ibrahim Sobhi Alshahahede, Minister of Agriculture and Minister of Environment
- Dr Mohamed Suleiman Aburamman, Minister of Culture and Minister of Youth
Out
- Dr Adel Issa Al Tawissi, Minister of High Education and Scientific Research
- Hala Noaman “Basiso Lattouf”, Minister of Social Development
- Dr Mahmud Yassin Al Sheyab, Minister of Health
- Yahya Moussa Kasbi, Minister of Public Works and Housing
- Nayef Hamidi Al Fayez, Minister of Environment
- Majd Mohamed Shoueika, Minister of Public Sector Development
- Khalid Moussa Al Huneifat, Minister of Agriculture
- Dr Awad Abu Jarad Al Mushakiba, Minister of Justice
- Mounir Moussa Ouwais, Minister of Water and Agriculture
- Dr Azmi Mahmud Mohafaza, Minister of Education
- Mokarram Mustafa Al Kaysi, Minister of Youth
- Basma Mohamed Al Nousour, Minister of Culture
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