IATA has released data for January 2026 global passenger demand, with highlights for the month including:
- Total demand, measured in revenue passenger kilometers (RPK), was up 3.8% compared to January 2025. Total capacity, measured in available seat kilometers (ASK), increased 3.5% year-on-year. The load factor was 82.0% (+0.2 ppt compared to January 2025), a record high for January.
- International demand rose 5.9% compared to January 2025. Capacity was up 5.8% year-on-year, and the load factor was 82.5% (+0.1 ppt compared to January 2025).
- Domestic demand increased 0.1% compared to January 2025. Capacity was down -0.4% year-on-year. The load factor was 81.2% (+0.4 ppt compared to January 2025).
IATA notes that January demand was skewed by a shift in the Lunar New Year from January in 2025 to February in 2026. Lunar New Year typically drives a spike in demand, as families reconnect to celebrate the holiday. The year-on-year comparison has the effect of making January 2026 demand appear slightly weaker.
Willie Walsh, IATA’s Director General, said that: “The timing of the Lunar New Year partly explains the slightly slower 3.8% expansion in January, but the fundamentals are in place for demand to continue strong growth in 2026. Schedule data, for example, indicate a 5.2% increase in global seat capacity by March, which would be the fastest expansion since April 2024. Events over the weekend have, however, introduced some uncertainty into the evolution of traffic and fuel costs. We all hope for an early peaceful resolution to the current hostilities. In the meantime, it is critical that states respect their obligation to keep civilians, and civil aviation free from harm.”
And Walsh noted that: “Average fares are expected to fall in real terms over the course of 2026, continuing a long-established trend of ever more affordable air travel. This is despite persistent cost pressures from rising infrastructure charges, onerous regulatory burdens, and the mounting cost of the energy transition.”
And he added: “In the face of these cost and regulatory pressures, it is notable that 2025 saw the slowest rate of new airline start-ups since 1999. Governments who value competition should consider this a canary in the coal mine. To protect and enhance the consumer benefits of connectivity, these cost and regulatory issues must be addressed.”
Go to www.iata.org for more.
Tags: IATA, Willie Walsh
