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Global Air Passengers to Hit 7b by 2034

Global Air Passengers to Hit 7b by 2034Global Air Passengers to Hit 7b by 2034

The International Air Transport Association’s latest long term passenger growth forecast expects global air passengers to number 7 billion by 2034 – more than double the 3.3 billion who flew in 2014, TR Business reported.    

This assumes a 3.8% average annual growth in demand using 2014 as the baseline year. This is down by 0.4 million on the previous 7.4 billion forecast, which was based on a higher 4.1% average annual growth rate.

IATA says this revised down forecast is based on projected negative developments in the global economy – in particular anticipated slower economic growth projections for China.

 

Financialtribune.com