The Air Transport Monthly Monitor for July 2022

The numbers that are shared in the article below reflect the numbers in May 2022. The analysis of the economic and aviation indicators we share here reflect the continuing impact of COVID-19 on this industry through aviation's recovery.

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ECONOMIC DEVELOPMENT – July 2022

World Results and Analyses for May 2022

Total Scheduled Services (Domestic and International)

Passenger traffic

Revenue Passenger-Kilometres   –   RPK

World passenger traffic in May 2022 was -31.3% below the 2019 level, +5.9 percentage points up from the decline in the previous month. Air travel recovery continued to accelerate, driven by the strong international travel rebound. The pent-up travel demand has been defying the challenging economic backdrop of high inflation and fuel prices. Domestic traffic recovery was moderate, affected by the decline in the Chinese domestic market. All regions, except for North America, recorded traffic improvements compared to the previous month.


International Traffic vs. Tourist Arrivals

International passenger numbers in May 2022 were -35.4% below the 2019 level, +8.3 percentage points up from the decline in the previous month. International air travel recovery improved across all regions, except for Latina America/Caribbean. The Middle East registered the most significant month-on-month improvement. The recovery in international tourist arrivals followed a similar trend as international passenger traffic.


Capacity

Available Seat-Kilometres   –   ASK

Capacity worldwide in May 2022 was -28.9% below the 2019 level, +4.0 percentage points up from the decline in the previous month (-32.9%). As air travel recovery continues, the capacity offered in June is expected to increase to -24.8% down from the 2019 level.

Load Factor 

The passenger Load Factor reached 79.1% in May 2022, +1.3 percentage points higher than the previous month. Load factor climbed to pre-pandemic level, and the May level was merely -2.4 percentage points down compared to May 2019.


Cargo Traffic

Cargo (Freight) Tonne-Kilometres  – CTK

World cargo traffic in May 2022 was -2.0% below the 2019 level, -1.0 percentage point down from the decline in the previous month. Air cargo traffic remained on a sideways trend with a deterioration in the decline. The volatility in cargo traffic was attributed to multiple macroeconomic factors such as the softening in global trade and the ongoing disruptions on supply chain due to the war. Whereas Europe saw the most noticeable deterioration, Asia/Pacific was the only region recording month-on-month improvements, owing to the increasing manufacturing activities as the lockdown in China was eased. Despite the slowdown, North America and Africa continued to post positive growth over the pre-pandemic level.


Top 15 Airports (Ranked by aircraft departures, passengers, and volume of freight)

Note: Figures include total scheduled and non-scheduled services

May 20229.4%, -11.4%, and +1.6% (vs. 2019) in terms of aircraft movements, passengers and freight for the Top 15

In terms of aircraft movements, the Top 15 airports reported a combined fall of -9.4%, compared to 2019. Ten out of the Top 15 airports were US airports. Chicago overtook Atlanta and ranked 1st, albeit with a decline of -22.0%. Atlanta became 3rd and recorded the largest decline of -27.8%. Three airports posted increases, i.e. Las Vegas, Miami, and Istanbul.

In terms of passengers, the Top 15 airports posted a total fall of -11.4%, compared to 2019. Over half of the Top 15 airports were US airports. Atlanta remained 1st with a decline of -15.1%. The largest fall was recorded by Frankfurt at -26.4%, followed by Los Angeles (-23.4%) and London Heathrow (-21.1%). Three airports posted increases, i.e. Miami, Istanbul, and Dallas/Fort Worth.

In terms of freight, the Top 15 airports reported an increase of +1.6%, compared to 2019. Ten out of the Top 15 airports posted an increase, including seven with double-digital growth. Anchorage recorded the strongest growth at +27.4%, followed by Los Angeles at +21.8%. Shanghai recorded the largest fall of -33.9%, followed by Memphis at -13.1%.


Top 15 Airline Groups (Ranked by RPK)

May 2022:   –15.3% (vs. 2019) in terms of RPK for the Top 15

Chinese airlines were still out of the Top 15 list. The U.S. airlines retained the Top 3 positions, with American at 1st, followed by United and Delta. Rankings of Southwest, Jetblue and Alaska, however, dropped slightly. Airlines in Europe continued to show improvements supported by the surge in international travel, especially the Within Europe traffic. Both IAG and Lufthansa moved up 1 position from 4th to 5th. The performance of airlines in the Middle East was relatively stable. Emirates maintained the 8th position, while Qatar dropped 1 position to 11thSingapore Airlines re-appeared in the Top 15 for the first time since the pandemic and ranked 14th with a decline of -36.2% in RPK from the 2019 level.


Capacity by Region

May 2022: -28.9% (vs. 2019) in terms of World ASK

Worldwide capacity contracted by -28.9% in May 2022, compared to 2019. Airlines continued to increase capacity in tandem with the rebound in travel demand. All regions posted smaller declines in capacity compared to the previous month. The most significant month-on-month improvement was recorded by the Middle East followed by Africa.

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For any queries for further information, please contact the ICAO Economic Development (ECD), Air Transport Bureau ecd@icao.int


Acronyms: ACI: Airports Council International; ASK: Available Seat-Kilometres; IATA: International Air Transport Association; FTK: Freight Tonne-Kilometres; LF: Passenger Load Factor; OAG: Official Airline Guide; RPK: Revenue Passenger-Kilometres; UNWTO: World Tourism Organization; YoY: Year-on-year; YTD: Year-to-date.


 

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