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Global passenger demand up nearly 10% towards end of 2024 as IATA issues stark warning to airlines

Global passenger demand up nearly 10% towards end of 2024 as IATA issues stark warning to airlines

Global passenger demand was up 8.1 percent in November.

According to data released by the International Air Transport Association, there was some "strong growth" in the air travel industry towards the wend of 2024 and it served as a reminder of "supply chain issues" within the sector.

Willie Walsh, IATA’s Director General, said: "November was another month of strong growth in the demand for air travel with an overall expansion of 8.1%. The month was also another reminder of the supply chain issues that are preventing airlines from getting the aircraft they need to meet growing demand. Capacity growth is lagging demand by 2.4 ppts and load factors are at record levels. "

Meanwhile, Asia-Pacific airlines achieved a 19.9 percent year-on-year increase in demand whilst European carriers had a 9.4 percent increase and Middle Eastern carriers had an increase of 8. 4 percent.

The travel boss claimed that airlines are "missing out" on the chance to improve their services, and claimed that the whole industry must find a "fast and durable solution" over the course of the coming year.

He added: "Airlines are missing out on opportunities to better serve customers, modernize their products and improve their environmental performance because aircraft are not being delivered on time. The 2025 New Year’s resolution for the aerospace manufacturing sector must be finding a fast and durable solution for their supply chain issues

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