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The International Air Transport Association (IATA) reported on Wednesday that global demand for summer air travel remains robust despite significant increases in ticket prices.
While airlines have hiked fares to offset rising operational costs, passenger interest has not waned, with March data showing a 2.1% increase in volume compared to the previous year.
Airlines have successfully managed this demand by filling more seats per flight, achieving an average occupancy rate of 83.6%.
Despite this positive momentum, the industry faces potential headwinds due to geopolitical tensions in the Middle East.
The closure of the Strait of Hormuz has sent jet fuel prices soaring, leading to concerns about future supply shortages in Europe and Asia.
IATA Director Willie Walsh noted that while current bookings remain strong, the industry is closely monitoring how long consumers will tolerate high prices before travel behaviour begins to shift.
