IATA Presents FUTURE TRENDS A eee As 3\(c1 1: >» AIR TRAVEL Aviation is a growing industry. The International Air Transport Association (IATA) revealed that present trends in air transport suggest passenger numbers could double to 8.2 billion in 2037. sens af af 2018 WOULD SEE APPROXIMATELY 4.1 BILLION PEOPLE TO TRAVEL. That will grow the number of jobs associated with air transport from 65.5 million today to around Ki 100 million. And the overall economic impact of aviation will rise from $2.7 trillion to $5.5 trillion. Much of this growth is being driven by strong growth in Asia-Pa which is set to add 2.35 billion annual passengers over the next 20 years. Ce ROTM ole aR olde ky largest aviation market by 2025. And by 2037 it will have to FTeferol aT aitels 1 MRS C1 Le SP mac inle la US will join the league and is projected to be 3 “ Pa eeieeien i ise( 4 a! DCs Col et cL Liead India will become the third largest market in 2024 with 572 million travelers in 2037, 414 million from \ seventh largest at present. tS RT cel na a Ten lea Cay a 2030. By 2037 it will have - n travelers—some Tel REL core Det cre ue LAT) ¢-- standards, as well as the young o and growing population will grow passenger traffic by 5.2% each year over the next 20 years. Turkey will emerge as the eighth largest in the early 2030's, helped by the country’s positive demographic outlook. “Se Tre ciara ‘ s market is expected to regainits ‘\ position to the top 5 in the REE ees R Thailand is expected to enter the top 10 markets in 2050, replacing Italy ra which drops out of the ranking. The domestic Phillippines market is expected SoM ROM Ulallse|-Ciat in a ieee strong growth in the nation’s per capita incomes as well as its favourable demmographic outlook ROTC beso no 5 North America will add 527 "4 million more passengers over the next two decades. And over the same period, Europe will add 611 million. Aviation is determined And by 2056, it is to grow sustainably. determined to cut its net From 2020, IATA emissions to half will be committed to a of 2005 levels. carbon-neutral growth. Fastest growing aviation markets regarding annual additional O-D passengers from 2017 to 2037 (constant policies scenario): China: 1 billion new passengers for a total of 1.6 billion Thailand: Us: 116 million we i= Pen new passengers for a passengers for a Aco Relea eu) a Aso) om Ee Ca) Indonesia: <> A nm India: eG DT) [OM 414 million new passengers ; on NO Me eo Regional growth (‘constant policies’ scenario) in 2037 Routes to, from and within Asia-Pacific will see an extra 2.35 billion annual passengers by 2037, for a total market size of 3.9 billion passengers. Its CAGR of 4.8% is the highest, followed by Africa and the Middle East. The North American region will grow by a CAGR of 2.4% annually and in 2037 will carry a total of 1.4 bi passengers, an additional 527 lion passengers. Europe will grow at a CAGR of 2.0%, and will see an additional 611 million passengers. The total market will be 1.9 billion passengers. Latin American markets will grow by a CAGR of 3.6%, serving a total of 731 jon passengers, an additional 371 million passengers annually compared to today. The Middle East will grow strongly CAGR of 4.4% with an extra 290 million passengers on routes to, from and within the region by 2037. The total market size will be 501 million passengers. Africa will grow by a CAGR of 4.6%. By 2037 it will see an extra 199 million passengers for a total market of 334 million passengers.