BY THE NUMBERS IATA Air Passenger Forecast
Posted on 11/30/2015
The International Air Transport Association (IATA) released its updated passenger growth forecast, projecting that passenger numbers are expected to reach 7 billion by 2034 with a 3.8 percent average annual growth in demand (2014 baseline year). That is more than double the 3.3 billion who flew in 2014 and exactly twice as many as the 3.5 billion expected in 2015.
Previously, IATA forecast 7.4 billion passengers in 2034 based on a 4.1 percent average annual growth rate. The revised result reflects negative developments in the global economy that are expected to dampen demand for air transport, especially slower economic growth projections for China.
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