Air Travel Demand Nears 2019 Levels, According to IATA

Air Travel Demand Nears 2019 Levels, According to IATA

International air travel demand reached 99% of pre-pandemic levels in November 2023, according to data from the International Air Transport Association (IATA).

The strong rebound reflects passengers’ desire to fly again after COVID-19 disruptions.

Industry Reaches Key Milestone, Outpaces 2019 Levels

Global air traffic rose 29.7% in November 2023 versus the same month in 2022.

The total number of revenue passenger kilometers (RPKs) was 99.1% of November 2019 levels, indicating the industry is on the cusp of surpassing its pre-COVID peak.

Several markets outperformed 2019 benchmarks.

Domestic travel as a whole climbed 6.7% above November 2019, driven by robust demand in China and the US.

China saw a 272% year-over-year increase with the easing of stringent zero-COVID policies.

US domestic RPKs reached an all-time high, up 9.1% compared to November 2019.

“We are moving ever closer to surpassing the 2019 peak year for air travel,” said IATA Director General Willie Walsh. “Economic headwinds are not deterring people from taking to the skies.”

International Traffic Rebounds But Remains Below 2019

While lagging domestic travel, international RPKs also made significant gains.

The Asia-Pacific region led the charge with a 63.8% year-over-year increase.

All regions showed strong improvements versus 2022.

Overall international traffic stood at 94.5% of November 2019 volumes.

The robust rebound comes despite economic uncertainty and geopolitical tensions.

“International travel remains 5.5% below pre-pandemic levels but that gap is rapidly closing,” Walsh stated.

Sustainable Fuels Critical for Decarbonization

The airline industry has agreed to achieve net zero emissions by 2050.

With travel regaining momentum, Walsh stressed sustainable aviation fuels (SAFs) are essential for decarbonization.

“Every drop of SAF ever made has been bought and used [by airlines],” he said. “There simply is not enough being produced.”

At recent sustainability conferences, governments set targets to ramp up SAF usage.

However, policy measures have lagged goals so far.

“We look to 2024 to be the year when governments finally deliver comprehensive incentives to scale up SAF production,” Walsh urged.

Tailwinds and Headwinds

The latest data shows air travel’s vibrant reemergence as the industry leaves behind the worst impacts of the pandemic.

Passenger demand has proven resilient despite inflation and economic uncertainty.

Domestic markets are outpacing 2019 levels in many countries.

The momentum points to a full global recovery this year barring unexpected shocks.

However, uncertain economic conditions and geopolitical crises could potentially impede the industry’s progress.

The path to decarbonization also remains long without stronger government support for sustainable fuels.

Travel Rebound Brings Visa Relief

The resurgence in air travel bodes well for European Union (EU) visitors planning trips in 2024 and beyond.

With global passenger volumes nearing full recovery, demand is likely to persist at robust levels.

That could spur updates to the European Travel Information and Authorization System (ETIAS) rollout in 2025.

Eased visa policies may emerge as EU countries compete for tourist and business travel in the post-pandemic era.

The ETIAS scheme also aims to boost security by pre-screening visa-exempt travelers.

The system could see adaptations to balance enhanced security with traveler convenience if volumes continue rising.

Opportunity to Attract Global Talent

The travel industry rebound coincides with labor shortages in many EU nations.

Airline operations and global tourism suffered double-digit job losses during COVID lockdowns.

As vacancies swell across aviation, hospitality, and other sectors, the recovery offers EU states a chance to attract international workers.

Countries could leverage lighter visa rules under the ETIAS program to recruit talent globally.

With travel flowing freely again, EU member states have an opportunity to pitch their nations as thriving places to visit, study, work, or launch a business in 2024 and beyond.

Next Phase Hinges on SAF Scale-Up

The rapid rebound in air travel reflects its immense value in connecting people and driving economic growth.

After three grueling years, the industry is on the cusp of fully restoring volumes to 2019 levels.

The vital next phase will require concerted efforts to accelerate the production and adoption of sustainable fuels.

With robust travel demand poised to persist, the growth of green aviation technology must keep pace.