Global airline revenue passenger kilometres expected to grow 9% in 2024 despite challenges

The global airlines sector is set to continue its growth in 2024 with IATA expecting this year’s revenue passenger kilometres to grow by 9%, reaching 105% of 2019 levels. This shows a more steady growth in comparison to the sharp rise post-pandemic for the industry. The industry had shown a 38% growth in 2023 and 65% in 2022 as business leisure travel remained strong and fuel prices normalised. Growth is expected to further normalise to 5-7% going forward. However, some challenges are likely to continue to affect the industry in 2024. These challenges include a struggling cargo segment, a relatively