The International Air Transport Association (IATA) released data for July 2024 global passenger demand with the following highlights:

• Total demand, measured in revenue passenger kilometers (RPK), was up 8.0% compared to July 2023. Total capacity, measured in available seat kilometers (ASK), was up 7.4% year-on-year. The July load factor was 86.0% (+0.5ppt compared to July 2023). There was no significant negative demand impact from the CrowdStrike IT outage on 19 July.

• International demand rose 10.1% compared to July 2023. Capacity was up 10.5% year-on-year and the load factor fell to 85.9% (-0.3ppt compared to July 2023). 

• Domestic demand rose 4.8% compared to July 2023. Capacity was up 2.8% year-on-year and the load factor was 86.1% (+1.7ppt compared to July 2023). 

International markets

All regions showed strong growth for international passenger markets in July 2024 compared to July 2023, with signs that many markets are returning to long-term growth trends after the post-pandemic bounce back. 

Domestic markets

Domestic demand increased in July, with solid growth resulting in all key markets, bar India, reaching all-time highs. Brazil once again expanded fastest, while Japan and Australia rebounded from the previous month’s negative growth.