IATA recently commented that despite uncertain economic signals, demand for air travel continues to be strong across the globe, particularly in the Asia Pacific region.
May 9, 2023 / COO / receipt, needs a key / George Valadares, COO | earnings call 2023-05-09 | transcript bc67edcc-65f0-499e-9e5a-d468f6a9feaf | chars 12838-13006 | segment 13
China air traffic specifically has seen a significant rebound after the lifting of COVID restrictions and the reopening of China to travel this past January.
May 9, 2023 / COO / receipt, needs a key / George Valadares, COO | earnings call 2023-05-09 | transcript bc67edcc-65f0-499e-9e5a-d468f6a9feaf | chars 13007-13164 | segment 13
For the U.S., domestic travel in December was within 10% of pre-pandemic levels.
Feb 7, 2023 / COO / receipt, needs a key / George Valadares, COO | earnings call 2023-02-07 | transcript c57d9346-01e6-4df6-9831-a996bd5e2d97 | chars 11881-11961 | segment 12
Asia Pacific international travel was still down about 50%, but should improve subsequent to the January reopening of China.
Feb 7, 2023 / COO / receipt, needs a key / George Valadares, COO | earnings call 2023-02-07 | transcript c57d9346-01e6-4df6-9831-a996bd5e2d97 | chars 12540-12664 | segment 12
Domestic travel in China continued to lag other major air traffic regions and was down about 55% compared to pre-pandemic. However, the lifting of COVID restrictions and the reopening of China to international travelers bodes well for air traffic growth.
Feb 7, 2023 / COO / receipt, needs a key / George Valadares, COO | earnings call 2023-02-07 | transcript c57d9346-01e6-4df6-9831-a996bd5e2d97 | chars 11962-12216 | segment 12
The U.S. and Europe continue to lead, showing strong demand for domestic travel. U.S. domestic travel in September was back to pre-pandemic levels.
Nov 10, 2022 / COO / receipt, needs a key / George Valadares, COO | earnings call 2022-11-10 | transcript 672c56d4-57b8-4486-954f-6cbbeb6f0dcb | chars 12391-12538 | segment 12
Asia Pacific international travel has made good progress over the past months, but RPMs are still down about 60%.
Nov 10, 2022 / COO / receipt, needs a key / George Valadares, COO | earnings call 2022-11-10 | transcript 672c56d4-57b8-4486-954f-6cbbeb6f0dcb | chars 13256-13369 | segment 13
The continued recovery in air travel, especially the progress we have recently seen in international travel, confirms the pent-up demand to travel. Commentary from airlines in recent months has also been positive regarding robust passenger demand. Even with airline ticket prices higher than historical levels, passenger demand has remained strong in the summer season.
Aug 9, 2022 / COO / receipt, needs a key / George Valadares, COO | earnings call 2022-08-09 | transcript be856774-2246-40b4-958a-525894cddae9 | chars 12065-12434 | segment 12
The recovery in domestic travel continues to be stronger than international travel. In the most recently reported IATA traffic data for June, domestic air traffic was only down 19% compared to pre-pandemic. The U.S. and Europe continue to lead, showing strong demand for domestic travel. U.S. domestic travel is only off about 8% from pre-pandemic levels.
Aug 9, 2022 / COO / receipt, needs a key / George Valadares, COO | earnings call 2022-08-09 | transcript be856774-2246-40b4-958a-525894cddae9 | chars 12435-12790 | segment 12
For both the U.S. and Europe, international traffic is within 20% or better of pre-pandemic levels. Asia-Pacific international travel is improving but continues to unfavorably impact the overall international air traffic recovery, with RPKs still down about 70%.
Aug 9, 2022 / COO / receipt, needs a key / George Valadares, COO | earnings call 2022-08-09 | transcript be856774-2246-40b4-958a-525894cddae9 | chars 13360-13622 | segment 13