Airlines in the Americas and Europe reported 100%+ increases in domestic and international passenger traffic in 2022, helping take full-year global traffic to 68.5% of the pre-pandemic level recorded in 2019, with Latin America posting the best results of any region. According to the International Air Transport Association (IATA), a trade body made up of around 300 airlines carrying over 80% of global passenger traffic, Europe’s 2022 traffic climbed 132.2% versus 2021, with capacity up 84%, and load factor up 16.7 percentage points to 80.6%. December demand climbed 46.5% compared to the same month in 2021. Across the Atlantic, North
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