Key points from our latest report:
- Global air travel picked up in September, following a slight deterioration in the previous month. Industry-wide revenue passenger kilometres (RPKs) were down 53% compared with pre-crisis 2019. In month-on-month terms, RPKs rose by 18% – a robust improvement, but from a very low base.
- This month’s growth can be largely attributed to the recovery in domestic markets, in particular China where some travel curbs that had been implemented during COVID outbreaks in August were lifted.
- Travel bookings point to further passenger growth across domestic and international markets, but any significant improvement looks unlikely in the near-term.