LF 2014-2015LF 2013-2014

(JUN

(Source: IATA) (Source: ICAO, UNWTO)

Load Factor - LFInternational Passengers vs. Tourist Arrivals

CAPACITYPASSENGER TRAFFIC

JUL 2021: Air Transport Monthly MonitorWorld Results and Analyses for MAY 2021. Total scheduled services (domestic and international).

MAY 2021

http://www.icao.int/sustainability/Pages/Air-Traffic-Monitor.aspx

Air Transport BureauE-mail: ecd@icao.int

RPK LF:ASK

Capacity worldwide fell by -53.7% in May 2021 (compared to 2019), +0.8 percentage point up from the decline in the previous month (-54.5%).

With the modest improvements in travel demand, capacity is expected to increase in June 2021 to -51.4% down from the 2019 level.

Available Seat-Kilometres - ASKRevenue Passenger-Kilometres - RPK

ACRONYMS: ACI: Airports Council International; ASK: Available Seat-Kilometres; IATA: International Air Transport Association; FTK: Freight Tonne-Kilometres; LF: Passenger Load Factor; OAG: Official Airline Guide; RPK: Revenue Passenger-Kilometres; UNWTO: World Tourism Organization; YoY: Year-on-year; YTD: Year-to-date.

GLOBAL KEY FIGURES

Freight Tonne-Kilometres - FTK

FREIGHT TRAFFIC

FTK

(Source: IATA)

* Source OAG

-80.1%-70.1%

-63.8%-63.0%-59.9% -58.6%-56.7% -58.7%-63.1%

-56.8%-54.5% -53.7% -51.4%

-100%

-90%

-80%

-70%

-60%

-50%

-40%

-30%

-20%

-10%

0%

-

100

200

300

400

500

600

700

800

900

1,000

Jun

-20

Jul-

20

Au

g-2

0

Sep

-20

Oct

-20

No

v-2

0

Dec

-20

Jan

-21

Feb

-21

Mar

-21

Ap

r-2

1

May

-21

Jun

-21

ASK ASK (change vs 2019)

Ch

ange

ove

r 20

19

ASK

(bill

ion

)

-86.5%-79.8%

-75.3% -72.8%-70.6% -70.3%-69.7%-72.0% -74.7%-67.2% -65.4%-62.7%

-100%

-90%

-80%

-70%

-60%

-50%

-40%

-30%

-20%

-10%

0%

-

100

200

300

400

500

600

700

800

900

Jun

-20

Jul-

20

Au

g-2

0

Sep

-20

Oct

-20

No

v-2

0

Dec

-20

Jan

-21

Feb

-21

Mar

-21

Ap

r-2

1

May

-21

RPK RPK (change vs 2019)

Ch

ange

ove

r 20

19

RP

K(b

illio

n)

-95.0%-87.6% -83.0% -84.8% -85.7% -87.7% -84.7% -85.0% -88.3% -87.1% -86.8% -84.5%

-91.2%

-79.6% -76.7%-79.6% -83.4% -88.0% -85.0% -86.6% -88.7% -88.5% -86.0% -82.0%

-120%

-100%

-80%

-60%

-40%

-20%

0%

Jun

-20

Jul-

20

Au

g-2

0

Sep

-20

Oct

-20

No

v-2

0

Dec

-20

Jan

-21

Feb

-21

Mar

-21

Ap

r-2

1

May

-21

International passengers

International tourist arrivals*

Ch

ange

ove

r 2

01

9

-17.6%-13.5% -12.6%

-8.0%-6.2% -6.6%

-0.5% 1.1%

9.0%

4.4%

12.0%9.40%

-20%

-15%

-10%

-5%

0%

5%

10%

15%

Jun

-20

Jul-

20

Au

g-2

0

Sep

-20

Oct

-20

No

v-2

0

Dec

-20

Jan

-21

Feb

-21

Mar

-21

Ap

r-2

1

May

-21

FTK

Ch

ange

ove

r 2

01

9

OUTLOOK* - JUN 2021

ASK(versus MAY 2019) (versus JUN 2019)

-62.7% -53.7% 65.8% -15.7 pt -51.4%

*UNWTO Definition

(Source: ICAO, IATA, OAG) (Source: ICAO, IATA, OAG)

The passenger Load Factor reached 65.8% in May 2021, +2.5 percentage points higher than the previous month. Improvement in domestic load factor is more noticeable and returned to over 75%.

As the recovery of capacity was faster than travel demand recovery, the May LF was-15.7 percentage points lower than the rate in the same period of 2019.

57.6% 57.9% 58.5% 60.1% 60.2% 58.0% 57.5%54.1% 55.4%

62.3% 63.3%65.8%

81.5%

30%

40%

50%

60%

70%

80%

90%

Jun

Jul

Au

g

Sep

Oct

No

v

Dec Jan

Feb

Mar

Ap

r

May

LF 2020-2021

LF 2019

LF

World freight traffic reported a growth of +9.4% in May 2021 (compared to 2019), -2.6 percentage points lower than the growth in the previous month. Despite the fluctuation in growth pace from month to month, the performance of air cargo remained strong overall and the global economic recovery together with the roaring e-commerce activities continued to be supportive. All regions recorded slight moderation in air cargo growth, except for Latin America/Caribbean which saw significant rebound, however, remained as the only region showing contraction from the pre-pandemic levels. North America contributed the most to the positive global traffic growth and expanded remarkably at over +20%.

World passenger traffic fell by -62.70% in May 2021 (compared to 2019), +2.7 percentage points up from the decline in the previous month. Air travel demand hasbeen recovering moderately as the total number of new COVID-19 cases stabilized. Nevertheless, the growing spread of Delta variant has hit many countries and raises major concerns in relaxing travel restrictions. Domestic air travel demand remained the driving force for travel recovery. Both domestic traffic of China and Russian Federation has recovered to pre-pandemic levels.

+9.4%

International passenger numbers fell by -84.5% in May 2021 (compared to 2019), +2.3percentage points up from the decline in the previous month. International travel is much more affected by new virus variants and travel restrictions. Asia/Pacific was the slowest recovering region, followed by Europe and the Middle East.

The international tourist arrivals also remained stagnant and followed a similar trend as international passenger traffic.

-22.4% -30.8% 1.6%

-7.7% -16.9% 0.1%

-31.8% -12.1% 20.9%

-10.4% -16.1% 27.8%

-2.8% 5.0% 25.6%

1.8% -42.7% 1.5%

-29.2% -48.6% 32.4%

-16.0% -7.2% 15.7%

-4.5% -46.8% 18.3%

-20.9% -38.6% 42.4%

-4.7% -10.0% 10.1%

4.5% -14.5% 25.2%

-20.6% -5.6% 12.7%

-16.8% -10.2% -3.7%

-34.9% -23.5% 6.0%

-40.2% 7.8% 7.8%

-20.3% 7.2% 15.0%

-52.7% 6.4% 21.3%

-60.0% 5.2% 26.6%

-30.7% 5.0% 31.6%

-34.9% 5.0% 36.6%

-40.7% 4.4% 41.0%

-39.9% 3.0% 44.0%

-43.8% 2.8% 46.8%

-76.4% 2.4% 49.3%

-79.6% 2.1% 51.4%

-61.9% 1.8% 53.2%

-40.0% 1.8% 55.0%

-68.8% 1.6% 56.6%

8.0% 1.4% 58.0%

Top 15 Total RPKs 146 billion -50.0% 58.0%

World Total RPKs 252 billion -62.7% 100.0%

Denver CO, US (DEN)

Charlotte NC, US (CLT)

Guangzhou, CN (CAN)

Los Angeles CA, US (LAX)

vs. 2019DeparturesAirports

(ranking by number of departures)

30,584

28,327

Atlanta GA, US (ATL)

Dallas/Fort Worth TX, US (DFW)

Chicago IL, US (ORD) 27,222

24,023

23,910

15,871

18,406

17,446

16,651

16,527

16,096

Shanghai, CN (PVG)

Phoenix AZ, US (PHX)

Miami FL, US (MIA)

Chengdu, CN (CTU)

Houston TX, US (IAH) 16,021

Beijing, CN (PEK)

Chengdu, CN (CTU) 2,408,304

Chicago IL, US (ORD) 2,190,844

Seattle WA, US (SEA)

Beijing, CN (PEK) 2,113,944

Charlotte NC, US (CLT) 2,058,211

Las Vegas NV, US (LAS)

Shanghai, CN (SHA) 1,834,422

Phoenix AZ, US (PHX) 1,773,70915,980

Las Vegas NV, US (LAS)

20,922

20,624

1,954,349

Orlando FL, US (MCO) 1,887,348

Memphis TN, US (MEM)

Airports

(ranking by tonnes of freight)

1,760,560

Shanghai, CN (PVG) 2,013,883

Shenzhen, CN (SZX)

Guangzhou, CN (CAN) 2,609,315

Los Angeles CA, US (LAX) 2,027,046

Dallas/Fort Worth TX, US (DFW) 2,724,383

Denver CO, US (DEN) 2,533,050

Airports

(ranking by number of passengers)Passengers* vs.2019

Atlanta GA, US (ATL) 3,424,181

Freight** vs. 2019

Hong Kong SAR, CN (HKG) 402,000

216,228

Chicago IL, US (ORD) 213,039

Incheon, KR (ICN) 277,298

Louisville KY, US (SDF) 230,236

Los Angeles CA, US (LAX) 226,487

Doha, QA (DOH) 219,492

379,670

Shanghai, CN (PVG) 362,471

Anchorage AK, US (ANC) 302,574

Taipei, CN (TPE)

% Share

of World

Total

Cumulative

% Share

Change

over 2019

Dubai, AE (DXB) 186,971

Guangzhou, CN (CAN) 166,139

Miami FL, US (MIA) 209,437

Tokyo, JP (NRT) 205,340

Frankfurt, DE (FRA) 197,022

3.4%

25.2%

17.5%

7.6%

10.5%

35.7%

Africa

Asia/Pacific

Europe

Latin America/Caribbean

Middle East

North America

Worldwide capacity contractedby -53.7% in May 2021, compared to 2019. All regions saw improvements in capacity compared to the previous month, except for Asia/Pacific.

Capacity offered in North America showed the fastest recovery to 66% of 2019 levels, followed by Asia/Pacific at close to 50%. Europe continued to record the slowest capacity recovery.

19.7

18.1

16.0

13.2

12.7

12.6

11.1

7.6

7.0

6.2

5.3

4.6

4.5

4.0

3.6

- 5 10 15 20 25

American

China Southern

Delta

United

China Eastern

Air China

Southwest

Aeroflot

Hainan Airlines

AF-KLM

Lufthansa Group

Turkish Airlines

JetBlue Airways

Qatar Airways

Spring Airlines

RPK (billion)

1

1

1

1

1

1

MAY 2021: -16.3%, -24.9%, and +13.9% (vs. 2019) in terms of aircraft departures, passengers and freight for the Top 15

+4.8%

MAY 2021: -53.7% (vs. 2019) in terms of World ASK

for the Top 15

JUL 2021: Air Transport Monthly Monitor

MAY 21

TOP 15 AIRPORTS (Ranked by aircraft departures, passengers and volume of freight)

CAPACITY BY REGION (ICAO Statistical Regions)

(Source: ICAO, airlines' websites)

Note: Total scheduled and non-scheduled services

Note: Total scheduled and non-scheduled services

**

MAY 2021: -50.0% (vs. 2019) in terms of RPK for the Top 15

TOP 15 AIRLINE GROUPS (Ranked by RPK)

In terms of RPK, the Top 15 airline groups accounted for 58.0% of the world's total RPK in May 2021 and declined by -50.0% compared to 2019. This decline was 12.7 percentage points smaller than the fall in world's average RPK. Airlines with large domestic markets continued to lead the growth chart.

US airlines have been recovering steadily. American regained the 1st position with a decline of -40.2%, compared to 2019. Both Delta and United improved two positions to 3rd and 4th, while remained at over 50% below the 2019 RPK levels. Southwest stayed at 7th, and for the first time, JetBlue also ranked within Top15 at 13th.

Chinese airlines demonstrated relatively faster recovery, nevertheless with a light slowdown in pace. China Southern ranked 2nd with RPKs at -20.3% below 2019 levels. China Eastern andAir China moved 1 position and 3 positions down to 5th and 6th, respectively. Spring Airlines continued to be the only airline posting positive growth and grew solidly at +8.0%.

Recovery of airlines in Europe remained the weakest. Lufthansa and AF-KLM recorded the largest contractions from 2019 levels. Aeroflot and Turkish Airlines showed relatively better performance at -39.9% and -61.9%, respectively.

Qatar, the only Top15 airline from the Middle East region, improved slightly but ranked 1 position down to 14th with -68.8%.

In terms of aircraft departures, the Top 15 airports reported a combined fall of -16.3%, compared to 2019. The Top 15 list consists of eleven (11) US and four (4) Chinese airports. Atlanta remained 1st with a decline of -22.4%. Chengdu and Guangzhou were the only two airports posting increases, +4.5% and +1.8%, respectively.

In terms of freight, the Top 15 airports reported an increase of +13.9%, compared to 2019. Dubaicontinued to be the only airport posting decline (-3.7%). With an increase of +1.6%, Hong Kongsurpassed Memphis at +0.1%, and regained the 1st. For the fourth consecutive month, Chicagorecorded the strongest increase at +42.4%.

Note: Total scheduled services

In terms of passengers, the Top 15 airports posted a total fall of -24.9%, compared to 2019. Only US (9) and Chinese (6) airports ranked within Top 15. Atlanta and Dallas/Fort Worth took over Guangzhou and became 1st and 2nd, albeit with -30.8% and -16.9% decline, respectively. Chengdu was the only airport posting increase at +5.0%. On the contrary, Beijing recorded the largest fall at -48.6%.

MAY 21

ACRONYMS: ACI: Airports Council International; ASK: Available Seat-Kilometres; IATA: International Air Transport Association; FTK: Freight Tonne-Kilometres; LF: Passenger Load Factor;OAG: Official Airline Guide; RPK: Revenue Passenger-Kilometres; UNWTO: World Tourism Organization; YoY: Year-on-year; YTD: Year-to-date.

Air Transport BureauE-mail: ecd@icao.int

* Embarked Passengers ** Loaded and Unloaded Freight inTonnes 1. ICAO estimates

........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

World Results and Analyses for MAY 2021. Total scheduled services (domestic and international).

-52.0% vs. 2019+106.1% vs. 2020

-33.8%% vs. 2019+284.9% vs. 2020

-53.8% vs. 2019+648.2% vs. 2020

-60.9% vs. 2019+725.1% vs. 2020

-61.6% vs. 2019+496.9% vs. 2020

-68.8% vs. 2019+528.6% vs. 2020

(Source: ICAO, IATA, OAG)

% Share of Capacity by Region

World:-53.7% vs. 2019+226.6% vs. 2020

(Source: ACI)

1