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Monday, November 28, 2022

We have hit a wall

Passenger demand in September remained highly depressed, down 72.8%, according to the latest update from the International Air Transport Association (IATA).

Total demand (measured in revenue passenger-km or RPKs) was 72.8% below September 2019 levels (only slightly improved over the 75.2% year-to-year decline recorded in August). Capacity was down 63% compared to a year ago, and load factor fell 21.8 percentage points to 60.1%.

International passenger demand in September plunged 88.8% compared to September 2019, basically unchanged from the 88.5% decline recorded in August. Capacity plummeted 78.9%, and load factor withered 38.2 percentage points to 43.5%.

Domestic demand in September was down 43.3% compared to the previous year, improved from a 50.7% decline in August. Compared to 2019, capacity fell 33.3%, and…

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