Global airline traffic on pace for Big growth
Global airline traffic on pace for Big growth

 

 

Global airline traffic on pace for Big growth

Global air passenger traffic grew 5.5 per cent last year and is on pace to increase 20 per cent through 2016, according to the UN agency that governs civil aviation. The International Civil Aviation Organization says passenger traffic was up 0.2 percentage points from 2012 and should increase by at least six per cent annually to reach nearly seven trillion passenger-kilometres in 2016.

Forecast Highlights:          

Regional Outlook

 

International Passenger Development

The forecast is good news for airlines, especially in developed regions, which have kept a lid of capacity to maximize profits.

 

Courtesy:  IATA, The Canadian Press