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International traffic grew in all major route areas in 2023
All major international route areas expanded in 2023 on year-on-year basis. International passenger traffic saw a significant resurgence, with global Revenue Passenger Kilometers (RPKs) soaring by 42% over the previous year.
- Chart of the Week
2023 saw a stellar industry-wide performance
Industry-wide traffic, measured in Revenue Passenger Kilometers (RPK), grew by an impressive 36.9% in 2023 compared to 2022, and reached 94.1% of 2019 levels.
- Chart of the Week
Geopolitical tensions disrupt airline competitive landscape
Recent geopolitical disruptions have impacted jet fuel prices in Europe and the Commonwealth of Independent States (CIS) disproportionately.
- Chart of the Week
French domestic flight bans and carbon emissions reductions
In June 2023, France formally introduced a ban on direct domestic flights that could be replaced by a train ride lasting no more than 2 ½ hours.
- Chart of the Week
A historic election year in 2024 spells elevated policy risk
2024 will be a historic year in terms of national elections around the world. More than 70 countries will go to the polls, involving 4.2 billion people, and hence a majority of the world’s population for the first time ever.
- Chart of the Week
Regional financial performance recovering, but still varied
Long-term airline profitability shows that while the industry is exposed to external shocks, it typically returns to profitability relatively quickly.
- Chart of the Week
Airline revenue to surpass pre-pandemic levels in 2023
Following a better-than-expected performance, total airline revenue in 2023 is estimated to have recovered to around 107% of the pre-Covid level.
- Chart of the Week
Sustainable Aviation Fuel offtake commitments rise in Q3
There are multiple roadmaps which detail possible pathways for the air transport industry to achieve its Net Zero carbon emissions goal by 2050. They all have one element in common: the reliance on Sustainable Aviation Fuel (SAF) to achieve this ambitious target
- Chart of the Week
The strong air passenger recovery continues in Q3 2023
The September quarter (Q3) saw a continuation of the strong passenger traffic recovery. Industry-wide revenue passenger-kilometers (RPKs) rose by 28.4% compared to Q3 2022, bringing overall passenger traffic to just 3.7% below its 2019 level. This recovery was driven predominantly by resilient domestic markets.
- Chart of the Week
Airline market share profiles vary across regions
As the airline industry recovers to pre-pandemic activity levels this year, understanding how airlines are positioned for efficiency and growth is paramount.
- Chart of the Week