IATA forecast solid growth
The emerging economies of Asia-Pacific (APAC) and the Middle East will witness the most robust international passenger growth over the next five years, according to the latest industry forecast.
The International Air Transport Association (IATA) has released its Airline Industry Forecast 2013-2017, revealing global airlines expect total passenger numbers to rise to 3.91 billion by 2017.
These forecasts represent a 31 percent increase in passenger numbers between 2012 and 2017, with APAC and Middle East carriers enjoying above average compound annual growth rates (CAGR).
Routes within or connected to China will experience the single greatest overall passenger growth, accounting for 24 percent of new passenger between 2013 and 2017.
The United States will remain the largest single market for domestic travellers, despite only adding 70 million passengers over the forecast period at a CAGR of 2.2 percent, up to 677.8 million.
The US will also reclaim its title, surpassing Germany, for most international passengers by 2017.
“The fact that the Asia-Pacific region – led by China – and the Middle East will deliver the strongest growth over the forecast period is not surprising,” IATA director general and chief executive Tony Tyler said.
“Similar opportunities exist for developing regions in Africa and Latin America… to reap the benefit, governments in those regions will need to change their view of aviation from a luxury cash cow to a utilitarian powerful draft horse to pull the economy forward.”
IATA forecast solid growth |ETB News Australia
Routes within or connected to China will experience the single greatest overall passenger growth,
So AJ:
- will you replace the daily Shanghai A330 flights with an A380 to get into this growth?
- or will you simply give the route to JQ?
The United States will remain the largest single market for domestic travellers
So AJ:
- If the JQ franchise/methodology is so great, have you spoken to your North American partner AA about introducing the same into that market?
- Or have they just
and got on with running their airline?