The Quarterly Air Transport Chartbook is IATA Economics’ new quarterly publication offering a wide and comprehensive view of the industry. It includes over 80 charts and analyses on both industry and regional levels and it aims to provide an overview of the latest industry developments. This edition summarizes data and economic analysis on Air Passenger and Cargo markets, Airline Financial Performance, and regional outlooks.

  • Industry-wide Revenue Passenger-Kilometers (RPKs) have risen steadily since early 2021 and continue to do so in function mostly of travel restrictions and their removal. Overall, global RPKs are currently at 75% of the 2019 level, with International and Domestic RPKs at around 68% and 87% respectively of their pre-pandemic levels. While recovery has been the strongest in domestic travel, international traffic is now catching up thanks to the easing of travel restrictions in the Asia Pacific region
  • Cargo Tonne Kilometers (CTKs) continue to outperform passenger traffic, compared to their respective 2019 levels. However, a minor slowdown in the growth of CTKs has been seen over the third quarter. In July, global CTKs declined by 3% YoY. Cargo traffic is not immune to the slowdown in global GDP growth, nor to the high inflation rates and energy prices.
  • The results of our survey of CFOs and Cargo Heads show nearly 80% expecting greater profitability over the coming 12 months. The view of the past 3 months has deteriorated somewhat, but the outlook for the coming 12 months is now just shy of the high set in 2010. Undoubtedly, the strong recovery seen in the passenger business this year is a key driver of this positive outlook for profitability going forward. 

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