Global airline passengers numbers are forecast to grow 31% over the next five years, according to the International Air Transport Association (IATA). “By 2017 total passenger numbers are expected to rise to 3.91 billion—an increase of 930 million passengers over the 2.98 billion carried in 2012,” it said.
“Of the new passengers, approximately 292 million will be carried on international routes and 638 million on domestic routes.
“The emerging economies of the Middle East and Asia-Pacific will see the strongest international passenger growth with CAGR of 6.3% and 5.7%, followed by Africa and Latin America with CAGR of 5.3% and 4.5%.
Routes within or connected to China will be the single largest driver of growth, accounting for 24% of new passengers during the forecast period.
“With 677.8 million domestic passengers in 2017, the United States will continue to be the largest single market for domestic passengers, although it will add only 70 million passengers over the forecast period.”