Total global traffic, measured in revenue passenger kilometres (RPKs) in 2023 rose 36.9% in 2023, compared to 2022 and 5.9% below pre-pandemic 2019 levels, according to International Air Transport Association (IATA) data. December 2023 saw global traffic rise 25.3% compared to the same month a year prior, and was 2.5% below 2019 levels. The fourth quarter global traffic for 2023 was 1.8% below 2019 levels, marking significant passenger recovery post-Covid. “The recovery in travel is good news. The restoration of connectivity is powering the global economy as people travel to do business, further their educations, take hard-earned vacations and much

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