Global passenger growth slowed in February, IATA report shows

The International Air Transport Association (IATA) released data for February 2025 global passenger demand.

Total demand, measured in revenue passenger kilometers (RPK), was up 2.6% compared to February 2024. Total capacity, measured in available seat kilometers (ASK), was up 2.0% year-on-year. The February load factor was 81.1% (+0.4 ppt compared to February 2024).

International demand rose 5.6% compared to February 2024. Capacity was up 4.5% year-on-year, and the load factor was 80.2% (+0.9 ppt compared to February 2024). Domestic demand fell 1.9% compared to February 2024. Capacity was down 1.7% year-on-year. The load factor was 82.6% (-0.2 ppt compared to February 2024).

“While traffic growth slowed in February, much of this can be explained by factors including the leap year, and lunar new year falling in January compared to February last year. February traffic hit an all-time high, and the number of scheduled flights is set to continue increasing in March and April. But we need to keep a close eye on developments in North America, which saw falls in both domestic and international traffic,” said Willie Walsh, IATA’s Director General.

International passenger markets

International RPK growth moderated to 5.6% in February year-on-year, down from 12.3% growth in January. However, this growth meant that all regions except North America established record February levels of demand.

Asia-Pacific airlines achieved a 9.5% year-on-year increase in demand. Capacity increased 8.3% year-on-year and the load factor was 85.7% (+0.9 ppt compared to February 2024).

European carriers had a 5.7% year-on-year increase in demand. Capacity increased 4.9% year-on-year, and the load factor was 75.5% (+0.5 ppt compared to February 2024).

Middle Eastern carriers saw a 3.1% year-on-year increase in demand. Capacity increased 1.3% year-on-year and the load factor was 81.9% (+1.4 ppt compared to February 2024).

North American carriers saw a -1.5% year-on-year fall in demand. Capacity decreased -3.2% year-on-year, and the load factor was 78.9% (+1.3 ppt compared to February 2024).

Latin American airlines saw a 6.7% year-on-year increase in demand. Capacity climbed 9.9% year-on-year. The load factor was 81.7% (-2.5 ppt compared to February 2024).

African airlines saw a 6.7% year-on-year increase in demand. Capacity was up 4.0% year-on-year. The load factor rose to 75.3% (+2.0 ppt compared to February 2024

Domestic passenger markets

Domestic RPK fell -1.9% over the previous February. Load factors were almost flat (-0.2 ppt). Traffic decline in China (-3.2%) was likely due to Lunar New Year falling in January this year compared to February 2024.

Falling US consumer confidence may well have contributed to the -4.2% decline in domestic US traffic. India continued to see strong demand (+13.2%) with the load factor at 90.3% (+1.4 ppt compared to February 2024).