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TRAVEL MONITOR
TRAVELBIZ MONITOR FEBRUARY, 2024 15
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especially in comparison to November 2023 when growth over the latest previous month, RPKs saw 24.2% yearly growth while sitting 5.3% under
pre-pandemic year had reached 9.2%. In December 2019, domestic pre-Covid numbers. Regions also experienced minor developments in
RPKs had increased by 9.9% YoY thus standing out from the previous terms of growth while maintaining an upward trajectory in seasonally
observations of the pre-Covid years. Consequently, this market has not adjusted terms, however, sustaining their growth momentum in terms
seen any sign of slowdown (Chart 4). growth over 2019 levels. North American carriers continued to lead,
PR China domestic traffic increased more than twofold, surging increasing their performance by 5.5% over 2019 levels. Europe saw
147.1% YoY and exceeding 2019 numbers by 8.4%. Passenger load factor monthly recovery in international traffic for the first time, surpassing
was 13.4ppt higher than the past year, however, 3.3ppt lower than in December 2019 RPKs by 0.8%. International RPKs performed by Latin
2019, still reflecting the large improvements this market has seen from American carriers still trend above pre-Covid levels as December levels
the last Covid year and traffic expansion in comparison to 2019 (Chart 4). were 1.6% higher than the same month in 2019 (Chart 5). These three
In India domestic traffic also continued to expand, increasing 8.2% regions continued to see solid growth compared to the same month in
over the year and surpassing pre-pandemic levels by 6.0%. Somewhat 2022. Europe international RPKs grew 13.6% YoY while North American
mirroring the economic situation and slowing domestic consumption, and Latin American carriers saw 13.5% and 26.5% YoY growth.
domestic RPKs contraction is confirmed in Japan. In seasonally Airlines in Africa experienced the lowest increase in international
adjusted terms, passenger numbers decreased on average 1.3% per RPKs among the regions, nevertheless close to double-digit growth.
month. Nevertheless, RPKs were 0.9% superior to December 2022 and RPKs grew 9.5% YoY and reached 93.4% of pre-Covid levels. Middle
7.9% lower than pre-pandemic. Eastern carriers’ international traffic fared near its pre-pandemic levels,
Australia domestic RPKs increased 6.6% over the year and sat 7.6% totaling 96.9% of December 2019 RPKs.
under pre-Covid levels. Brazil saw 5.9% YoY growth in domestic RPKs. Following a swift recovery in early 2023 and the end of 2022,
Traffic continued to trend around pre-pandemic levels (Chart 4). Asia Pacific’s international passenger numbers have been trending
International passenger traffic recovery remained stable in roughly sideways since July 2023 in terms of recovery to 2019 levels.
December Nonetheless, the region saw the highest yearly growth again in
International traffic growth saw only modest changes from the December, with RPKs increasing 56.9% YoY.

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