Page 10 - TFWA World Exhibit 2024 Special Edition

INSIDER

and 75% of flights at ATL are operated by largest U.S. Domestic Megahub, with 87% Globally, 15 North American airports
Delta. of all flights there. appear in the Global Top 50 rankings, with
Dallas Fort Worth (DFW), is the third While the composition of the Top 25 New York John F. Kennedy International
most connected U.S. Domestic Megahub, remains largely unchanged from Megahubs Airport (JFK) ranking #6 in the world.
offering a potential 48,292 connections to 2023, the rankings have changed for some Chicago O’Hare International Airport
the 196 destinations served from DFW. U.S. Domestic Megahubs. (ORD) ranks #9 and Atlanta Hartsfield-
Dallas Fort Worth has one of the highest Las Vegas (LAS) falls from 8th place Jackson International Airport (ATL) ranks
rates of market share accounted by one last year to 16th and Boston (BOS) moves #11 among Global Megahubs.
carrier – American Airlines - which up from 16th to 10th place. BOS is one of Dallas Fort Worth International
operates 85% of all flights. the Megahubs with the most diverse mix of Airport (DFW) moves back into the Global
American Airlines also has a very carriers, with the dominant carrier, Delta, Top 20 at #18 and ranks #3 for domestic
strong position at Charlotte (CLT), the 4th having just 29% of flights. connectivity.

Global air travel demand hits record high

The latest data from the International
Air Transport Association (IATA) shows an
8% rise in global air travel demand over the
past year as of July, with total capacity up
by 7.4%. International demand increased
by 10.1%, and domestic demand was up by
4.8%.
“July was another positive month.
In fact, passenger demand hit an all-time
high for the industry and in all regions
except Africa, despite significant disruption
caused by the CrowdStrike IT outage,”
IATA Director General Willie Walsh said.
In North America, the top airlines
saw a 5.3% year-on-year rise in demand,
reaching a load factor 89.4%, the highest
among regions.
Latin American airlines saw a 13.4%
year-on-year increase in demand in July. rates above 5% for international passenger fastest, reflecting this is still to surpass
Capacity climbed 15.7% year-on-year markets in July 2024 compared to July 2019 levels.
and the load factor was 87.5%. While 2023, with signs that many markets are Middle Eastern carriers saw a 5.8%
Hurricane Beryl had a strong localized returning to long-term growth trends after year-on-year increase in demand. Capacity
impact in parts of the Caribbean, the Gulf the post-pandemic bounce back. increased 5.5% year-on-year and the load
of Mexico and southern United States, Asia-Pacific airlines’ growth remained factor was 84.1% (+0.3ppt compared to
this did not significantly dampen demand strong, with a 19.1% year-on-year increase July 2023).
region-wide. in demand. Capacity increased 20.3% African airlines saw a 7.4% year-on-
“The winding down of the peak year-on-year and the load factor was 83.8% year increase in demand. Capacity was up
northern summer season is a reminder of (-0.8ppt compared to July 2023). Most 6.7% year-on-year. The load factor rose to
how much people depend on flying,” Walsh Asia routes have yet to exceed 2019 levels, 74.3%.
continued. with the exception of the Asia-Middle East
“People need and want to fly,” Walsh route. Domestic markets
concluded. “And they are doing that in European carriers saw an 8.3% year- Domestic demand increased in July,
great numbers.” on-year increase in demand. Capacity with solid growth resulting in all key
increased 8.1% year-on-year, and the load markets, bar India, reaching all-time highs.
International passenger traffic factor was 87.5% (+0.2ppt compared to Brazil once again expanded fastest, while
All regions in addition to North and July 2023). In terms of major international Japan and Australia rebounded from the
Latin America showed strong growth routes, the Europe-Asia route expanded previous month’s negative growth.

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