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Air Cargo Market Analysis - August 2023
Air cargo recorded first annual growth since Feb 2022
- Air Freight Monthly Analysis
Broad passenger growth across markets in Q2 2023
In Q2 2023, global origin-destination (O-D) passenger traffic grew 28.9% compared to Q2 2022 levels, totaling 954 million passengers. This brought global passenger traffic close to pre-pandemic levels, just 3.5% below Q2 2019.
- Chart of the Week
Airlines operate key hubs for growth and connectivity
Airlines efficiently connect passengers across cities using strategic hub-and-spoke systems, consolidating and directing travelers through central hub airports. This approach enables airlines to resourcefully transport an increasing number of passengers to various destinations while benefiting from economies of scale and traffic density. Today’s chart highlights the pivotal airports through which airlines facilitate passenger flows between global markets, driving strong traffic recovery and connectivity growth.
- Chart of the Week
July sets all-time high for domestic passenger traffic
Domestic air travel has been a driving force in the recovery of global passenger demand since the onset of the pandemic, mainly due to the early reopening of domestic markets.
- Chart of the Week
Balancing fleet age for efficiency and sustainable growth
Airlines modernize their fleets in a structural quest for lower fuel consumption and the associated carbon emissions reduction. Additionally, fleets are optimized to meet global passenger demand while capturing operational efficiency gains. Newer aircraft models offer better fuel economy and operational performance, resulting in cost savings and lower CO2 emissions. Given the significant cost of commercial aircraft, airlines often lease their assets, with ownership and leasing evenly split in the industry.
- Chart of the Week
Air Passenger Market Analysis July 2023
Robust growth in domestic RPKs bolsters global recovery
- Market Developments
- Air Passenger Monthly Analysis
Air Cargo Market Analysis - July 2023
Air cargo maintains recovery momentum despite headwinds
- Market Developments
- Air Freight Monthly Analysis
Sustainable aviation fuel output increases, but volumes still low
In the pursuit of net-zero carbon emissions by 2050, the aviation industry finds itself at a pivotal juncture. A combination of technological solutions is required to achieve that ambitious goal. Various pathways to net zero are possible but all feature Sustainable Aviation Fuel (SAF) as a key component in curtailing carbon emissions within the hard-to-abate air transport sector.
- Chart of the Week
Quarterly Air Transport Chartbook Q2 2023
Quarterly review of the industry passenger, cargo and financial performance.
- Regional Economic Briefings
- Industry Economic Performance
Asia Pacific traffic dominates top 10 city pairs
An analysis of air passenger journeys shows that by far the most popular origin - destination (O-D) passenger route across the past twelve months was Jeju-si to/from Seoul. This strong performance is consistent with the pre-pandemic (2019) statistics, where the same route saw 65% higher passenger demand than the next busiest route which at the time was Tokyo-Sapporo
- Chart of the Week