By 2017, worldwide passenger numbers will surge by more than 30% over 2012’s number
Recently the International Airline Travel Association released its forecast for 2013-2017. According to the forecast, it is firmly believe that the world will witness a 30% increase in passengers between 2012 and 2017 till 2017, it is expected that total numbers of airline passengers will be rise to 3.0 billion with additional 930 million passengers over 2.97 billion which were carried in 2012. In this matter, the IATA Forecast 2013- is consent outlook for system wise passenger growth.
By 2017, worldwide passenger numbers will surge by more than 30% over 2012’s number! Good news but it might pose serious threat to Mother Nature. Yes along with its growth, the travel industry will take environmental responsibilities in order to continue its expansion. Now agreed to set global goal for significantly reducing CO2 emissions targets, this will strengthen 50% net of carbon emission by 2050 as compared to 2005′s levels.
In addition of the concerns about Mother Nature, the company its rule to complete the strategy it’s going for MBM (Market Based Measures). This will help filling the gaps until other portions of the strategy are at their full potential.
The 38th Assembly of United Nations International Civil Aviation Organization has agreed that they should work on a Global MBM for Climate Change. In 2016, a detailed proposal will be presented on 39th Assembly.
Outlook for international passenger developments
According to Reports, there’s an expected rise of 25% Passenger growth. This means by 2017, worldwide passenger numbers will surge by more than 30% over 2012’s number.
Least growing regions in terms of passengers
- South America
Regions with their respective growth
North America: Reports suggest possible minimum passenger growth of 3.5% CAGR.
South America: Estimate to oversee Passenger growth of 4.5%.
Brazil: Plans to establish as third largest domestic market following United States and China. Brazil is expected to welcome over 122 million tourists in 2017. In 2012, there was a potential increase of 30 million passengers from 90 million (growth by 6.5%).
Europe: Europe will overlook Passenger Growth of 4% CARG.
Turkey: Stepping in Top 10 largest markets with 25 million passengers. Still, Turkey is expected additional 18 million people more (growth by 10%). This will be the second fasts domestic growing market ever seen.
Middle East: Expected to experience the strongest possible passenger growth of 6.3 CAGR.
Uzbekistan: Possibly leading the fastest growing market race at the moment, Uzbekistan is all set to oversee additional 10% passenger growth in following years.
United Arab Emirates: Another 30 million passengers (bringing the average up to 7%) will be welcomed in upcoming few years. as for international traffic routes for both Asia and Middle East will be the strongest.
Asia Pacific: International Passenger Growth of 6%. It is estimated that till 2017, traffic in Asia will represent 30% of global passengers.
|Brazil||GOL Linhas A||GOL|
|China||China Eastern Airlines Corp. Ltd.||CEA|
|China||China Southern Airlines Co. Ltd.||ZNH|
|Chile||LATAM Airlines Group S.A.||LFL|
|Mexico||Grupo Aeroportuario del Pacifico S.A.B. de CV||PAC|
|Mexico||Grupo Aeroportuario del Centro Norte S.A.B. de C.V.||OMAB|
|Mexico||Controladora Vuela Compa||VLRS|
|UK||Eros International Plc||EROS|
|USA||American Airlines Group Inc.||AAL|
|USA||Air Lease Corporation||AL|
|USA||Air Transport Services Group Inc.||ATSG|
|USA||JetBlue Airways Corporation||JBLU|
|USA||Delta Air Lines Inc.||DAL|
|USA||Spirit Airlines Inc.||SAVE|
|USA||United Continental Holdings Inc.||UAL|
|Ireland||Ryanair Holdings plc||RYAAY|
International Air Transport Association: