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Business Aviation

Global airline passenger traffic expected to double in 20 years

The traffic growth will be led by emerging markets such as Asia Pacific and Middle East



Average annual air passenger growth is expected to be 3.6 per cent a year to 2043, compared with a forecast of 9.7 per cent growth this year
Image Credit: Pexels

Paris: Airlines expect overall passenger numbers to double over the next two decades from the 4.3 billion who flew last year, with growth led by emerging markets such as Asia Pacific and the Middle East, the main global airline body said Thursday.

The projected surge in traffic could put further pressure on carriers to contribute to the fight against climate change and make progress towards a pledge to reach "net zero" carbon emissions by 2050.

Average annual passenger growth is expected to be 3.6 per cent a year to 2043, compared with a forecast of 9.7 per cent growth this year, the International Air Transport Association said in its latest update.

The Asia Pacific region would lead with average growth of 4.8 per cent, propelled by countries like India (6.9 per cent) and China (5.8 per cent) but also Thailand and Vietnam (6.4 per cent each), the IATA said.

Passenger growth in Africa and the Middle East would rise by 3.6 per cent, while Latin American and the Caribbean would see a 2.9 per cent increase.

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The mature markets of North America and Europe would see growth of 1.7 per cent and 2 per cent, the association said.

Air transport currently accounts for less than three per cent of global CO2 emissions, but is often in the firing line because it serves a minority of the world's population.

Airlines are mainly betting on increased production of sustainable aviation fuels produced from renewable sources, expected to provide 65 per cent of the industry's "net zero" target for 2050.

But the technological challenges of producing such fuels at scale - they currently provide just 0.53 per cent of airlines' fuel consumption - are likely to require huge investments.

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