ACI World projects 22.3 billion passengers by 2053
Airports Council International (ACI) World today unveiled its anticipated Airport Traffic Forecasts 2024–2053, projecting significant long-term growth in global passenger traffic. Over the next three decades, global passenger numbers are expected to reach 17.7 billion by 2043 and 22.3 billion by 2053, the later nearly 2.4 times the projected volume for 2024. The new […]
Boeing Forecasts Demand for Nearly 44,000 New Airplanes Through 2043 as Air Travel Surpasses Pre-Pandemic Levels
With air travel fully recovered and even surpassing pre-pandemic demand, Boeing [NYSE: BA] today projected a 3% increase in airplane deliveries over the next 20 years, with carriers requiring nearly 44,000 new commercial airplanes by 2043. Leading into the Farnborough International Airshow, Boeing released its 2024 Commercial Market Outlook (CMO), which also predicts emerging markets […]
2036 Forecast Reveals Air Passengers Will Nearly Double to 7.8 Billion
The International Air Transport Association (IATA) expects 7.8 billion passengers to travel in 2036, a near doubling of the 4 billion air travelers expected to fly this year. The prediction is based on a 3.6% average Compound Annual Growth Rate (CAGR) noted in the release of the latest update to the association"™s 20-Year Air Passenger […]
Global Aviation Kerosene Market 2017 "“ Air BP, Chevron , Exide, Exxon Mobil, Gazprom
Global Aviation Kerosene market size is estimated to drop from USD xx million in 2017 to USD xx million by 2022 at an estimated CAGR of xx%, as a result of cost inflation around the world. Aviation Kerosene market report profiles some of the key technological developments in the recent times. It also profiles some […]
Aircraft Ground Support Equipment Market Set to Grow Exponentially During the Forecast, 2027
Aircraft ground support equipment and vehicles are used to transport passengers, freight & baggage and support repair & maintenance functions. In airports, equipment fall into two broader categories, i.e. land side (passenger entry side of airport) and air side (boarding/departure side). Ground support equipment includes vehicles used for fueling on the air-side and airplane maintenance. […]
Air Cargo Ends 2016 on a Positive Note
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs) grew by 3.8% in 2016 compared to 2015. This was nearly double the industry"™s average growth rate of 2.0% over the last five years. Freight capacity, measured in available freight tonne kilometers (AFTKs), […]
Another Strong Year for Airline Profits in 2017
The International Air Transport Association (IATA) announced that it expects the global airline industry to make a net profit in 2017 of $29.8 billion. On forecast total revenues of $736 billion, that represents a 4.1% net profit margin. This will be the third consecutive year (and the third year in the industry"™s history) in which […]
Five-year Forecast Shows Improved Outlook for Air Cargo
The International Air Transport Association (IATA) Airline Industry Forecast 2014-2018 shows that international freight volumes are expected to increase at a compound annual growth rate (CAGR) of 4.1% over the next five years. Emerging economies, particularly in the Middle East and Africa, will be the fastest-growing markets. «Air cargo remains as vital to the global […]
