Sri Lanka, May 6 -- The International Air Transport Association (IATA) released its March 2024 report on Wednesday, revealing a notable growth in passenger demand compared to March 2023.
According to the report, total demand for air travel, measured in revenue passenger kilometres (RPKs), experienced a growth of 13.8 percent year-on-year (YoY).
The surge in demand was accompanied by a healthy increase in the total capacity, measured in available seat kilometres (ASKs), which rose by 12.3 percent compared to the same period in 2023.
As a result, the March load factor soared to 82 percent, marking a one percent point increase compared to March 2023.
International demand outpaced domestic growth, with a substantial 18.9 percent increase co...