IATA
December 2024

The IATA Quarterly Air Transport Chartbook is a quarterly analytical report of the air transport industry, combining detailed charts with insightful, data-driven commentary. It provides a timely and comprehensive overview of industry trends, focusing on critical areas such as the global economic landscape, energy transitions, passenger and cargo traffic, air connectivity, and regional performance.

The business cycle

The global business cycle is still favorable and supportive of the airline industry in general. Real GDP growth is showing unusual stability at likely 3.2% in each of the years 2023, 2024, and 2025. The US economy advanced at the rather stellar pace of 2.8% annualized (= the quarterly evolution multiplied by four) in the third quarter of this year (Q3), which equates to 1.8% from the previous quarter (QoQ) and 2.7% from the same quarter in 2023 (YoY).

China’s economy expanded by 0.9% QoQ and 4.6% YoY in Q3. With both industrial production and retail sales surprising on the upside, China’s Q3 release belies most expectations of a slowing business cycle. However, the risks to the downside are still severe, as property investments continued to fall at the rather disconcerting rate of 10.1% YoY in the third quarter.

Read on: IATA - Quarterly Chartbook Q3 2024

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