Air industry flies toward profit

The International Air Transport Association predicts an increase this year in passenger levels to 83 percent of pre-pandemic levels, after two pandemic-hit years in which airlines lost $180 billion


Regional share of passenger traffic
(April 2022, year-on-year change)

Apr 2022: Air travel up 78.7% compared to April 2021

North America 32.6% 

Africa 1.9%

Asia Pacific 27.6%

Middle East 6.5%

Latin America 6.5%

Europe 25.0%

62.8%
Air passenger volumes compared with pre-pandemic levels in 2019


Air travel demand (measured in RPKs,* revenues, net post-tax profits) 

2020: RPKs 2,974bn 
Revenue: $382bn 
Profit: -$137.7bn

2021: RPKs 3,623bn
Revenue: $506bn 
Profit: -$42.1bn

2022 prediction: 
RPKs 7,159bn 
Revenue: $782bn 
Profit: -$9.7bn

International
Domestic

Compared with April 2019: -25.8%
-37.2%


2020 2021 2022 
JFMAMJJASONDJFMAMJJASONDJFMA
0% 
-20%
-40%
-60%
-80%
-100%

*Revenue passenger kilometres


Source: IATA Industry Statistics Fact Sheet June 2022
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