FCM Consulting Global Quarterly Trend Report Q3-2023


The end of this year brings one thing to mind: airline seat capacity. Levels are just -2.2% of 2019 numbers, but it looks like that will all change in Q1-2024 when airlines around the globe are forecasted to add 71.8 million more seats – that’s +5.3% on the same period in 2019.   

North America is leading the globe in airline seat growth, passenger load factors, & general travel heading into 2024. Many corporates are focused on travel budgets for the year ahead & are working with us to develop new ways of managing costs.

Ashley Gutermuth, Director of FCM Consulting, Americas

Want more insights? There’s plenty in our report. 

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What are the main highlights of Q3-2023? 

  • Global passenger load factors (PLF) have been on the up, rounding out at 84.6% for the quarter. The U.S. is leading the way with a PLF of 84.5%

  • Airfares are looking to rise 3-7% in 2024, driven in part by global inflation levels - North America had the lowest YTD increase compared with 2019 at +17%

  • An increase in business travel is anticipated for 2024, pending economic conditions and global stability

See the full picture when it comes to global insights with FCM Consulting’s Q3-2023 Global Trend Report.

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