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Aviation Global Growth Prospects 2024

Global travel returns to normal, but growth is increasingly at the mercy of aircraft makers.

Global airline seat capacity finished 2023 at 99% of 2019 levels. 

Given that barely 18 months ago in 2022 global seat capacity was at a mere 50% of historic levels, this return to near normality is a remarkable achievement. 

Some variability in the level of recovery and regional volatility still exists. Asia Pacific international travel is the major outlier, finishing 2023 at around 85% of 2019 levels. However, most airlines have passed out of the survival and rebuilding phases.

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