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    Home»Forecasts»Global air traffic is expected to double in 20 years, led by Asia and the Middle East
    Forecasts

    Global air traffic is expected to double in 20 years, led by Asia and the Middle East

    cne4hBy cne4hJuly 19, 2024No Comments2 Mins Read
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    Airlines expect the total number of passengers to double in the next 20 years from last year's 4.3 billion, with growth driven mainly by emerging markets such as Asia Pacific and Asia Pacific. middle EastAccording to major global airlines.
    The expected traffic surge is likely to put further pressure on operators to contribute to the fight against the epidemic. climate change and make progress on its commitment to achieve “net-zero” carbon emissions by 2050.
    People watch a passenger plane on the runway in Aceh province as taxis from Indonesia's low-cost airline Pelita Air arrive. Asia will lead annual air passenger traffic growth. photo. AFP

    In its latest update, the International Air Transport Association said that average annual passenger growth is expected to be 3.6% by 2043, compared with this year's forecast of 9.7%.

    Driven by countries such as Asia Pacific, Asia Pacific will lead the way with an average growth rate of 4.8% India (6.9%) and China The same is true for Thailand and Vietnam (6.4% each), IATA said.

    Passenger traffic in Africa and the Middle East will grow by 3.6%, and in Latin America and the Caribbean by 2.9%.

    A Delta Air Lines plane takes off from Hartsfield-Jackson Atlanta International Airport in Atlanta, Georgia. The growth rate of the North American market is expected to hover around 1.7%. Photo: Bloomberg

    The association said mature markets in North America and Europe will grow by 1.7% and 2% respectively.

    Air transport currently accounts for less than 3% of global CO2 emissions, but is often on the front lines because it serves only a minority of the world's population.

    Airlines are betting largely on increasing production sustainable aviation fuel Produced from renewable resources, it is expected to achieve 65% of the industry's “net zero” goal by 2050.

    But the technical challenges of producing such fuels at scale – they currently account for just 0.53% of airline fuel consumption – could require huge investments.

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