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.
