Airport Traffic Report shows passenger growth resilience despite global uncertainty

Share this

According to Airports Council International (ACI) World’s latest World Airport Traffic Report published today, passenger numbers are estimated to have reached 8.8 billion in 2018, an increase of +6.4% compared to the previous year.

In addition, the world’s airports accommodated 122.7 million metric tonnes of cargo and almost 100 million aircraft movements.

While growth moderated slightly compared to 2017, passenger traffic remained resilient in the face of the global uncertainties affecting many major economies. The 2018 increase is still above the +5.8% compounded average annual growth rate for passenger traffic from 2010 through 2018.

While advanced economies held the largest proportion (52.8%) of global passenger traffic, airport traffic in emerging markets and developing economies grew faster (+8.3%) than in advanced economies (+4.8%) in 2018. During 2018, the highest number of passengers travelled through airports in the Asia-Pacific region:

  1. Asia-Pacific (3.3 billion, +8.1%)
  2. Europe (2.4 billion, +6.4%)
  3. North America (2 billion, +5.0%)
  4. Latin America-Caribbean (651 million, +5.0%)
  5. Middle East (396 million, +0.7%)
  6. Africa (214 million, +9.4%).

In ACI’s view, protectionist policies, slowing global economy and geopolitical tensions represent the most pressing downside risks over the near-term for continued growth. In addition, physical capacity considerations and potential bottlenecks in air transport infrastructure continue to pose challenges in accommodating future demand.

“Protectionist rhetoric – fueled by isolationist policies – has swept several major economies in recent times and this has translated into a dismantling of established open trade relationships and regimes,” ACI World Director General Angela Gittens said.

“Because aviation has strong links to the global economy and to local development through commerce and tourism, these new barriers may restrain the efficient flow of people, goods and services; air transport very much relies on open markets to grow.

“Despite this, passenger traffic has remained resilient, posting annual growth rates above historical averages with the cost of travel decreasing in many markets and middle-class populations burgeoning in emerging markets.”

The report found that the air cargo market did not fare as well as passenger traffic in 2018. Global year-over-year volume fell -1.7% in December 2018 against the previous year, bringing growth for 2018 overall to +3.4%.

“If these isolationist policies persist, their adverse effects will continue to stifle output growth in many countries,” Gittens said. “Economies that rely more on exports or carry higher debt loads will be most sensitive to a downturn, further exacerbating economic conditions.

“In fact, ACI data show that global passenger traffic growth was subdued in the first half of 2019 with a moderate increase of +3.6% year-over-year recorded for the first six months so it is apparent the global economic slowdown is having an impact on aviation markets.

“Air cargo has felt an even greater impact as volumes handled by the world’s major airports contracted by -3.2% in the first half of 2019. A resolution to the trade disputes will help put aviation markets back on track.”

Even with these short-term challenges, however, ACI World’s global medium-term forecast show almost 30% growth in passenger numbers from 2018 to 2023. Over the longer term, passenger traffic worldwide is expected to double in 17 years and projected to grow at an annualized rate of +4.1%, reaching 20.9 billion by 2040.

“From these forecasts, we can see that the airport industry is engaged in a balancing act as it seeks to meet surging air transport demand which, in many cases, is outstripping available airport infrastructure,” Gittens said.

READ ALSO  The 15th Amorgos International Film Festival Concludes with Great Success

Of the top 20 markets, the United Kingdom has the largest number of international passengers – almost 250 million passengers – while the United States has the largest domestic market (nearly 1.6 billion passengers, 32.9% of the world’s domestic passenger throughput). Africa (+9.4%), Asia-Pacific (+8.1%) and Europe (+6.4%) posted strong growth in passenger traffic.

Cheap Flights from London

DestinationDeparture atReturn atFind tickets
Edinburgh27 January 202529 January 2025Tickets from 37
Palma Mallorca17 December 202418 December 2024Tickets from 38
Rome15 January 202519 January 2025Tickets from 39
Dublin14 January 202516 January 2025Tickets from 39
Milan11 January 202512 January 2025Tickets from 40
Barcelona12 January 202516 January 2025Tickets from 40
Tirana7 December 20248 December 2024Tickets from 41
Sofia19 January 202521 January 2025Tickets from 41
Belgrade25 January 202527 January 2025Tickets from 49
Cologne7 January 20258 January 2025Tickets from 49
Warsaw5 March 20259 March 2025Tickets from 49
Malaga12 December 202417 December 2024Tickets from 50
Antalya7 December 202412 December 2024Tickets from 54
Budapest16 January 202519 January 2025Tickets from 56
Lodz7 February 20259 February 2025Tickets from 56
Genoa11 January 202512 January 2025Tickets from 56
Vienna16 January 202519 January 2025Tickets from 56
Tallinn3 February 20257 February 2025Tickets from 57
Madrid17 January 202519 January 2025Tickets from 58
Tenerife4 December 20249 December 2024Tickets from 58
Riga5 February 20258 February 2025Tickets from 58
Gdansk11 December 202415 December 2024Tickets from 59
Aberdeen1 February 20252 February 2025Tickets from 59
Marseille17 January 202519 January 2025Tickets from 59
Paris22 January 202527 January 2025Tickets from 59
Prague26 November 202429 November 2024Tickets from 61
Isle Of Man17 January 202519 January 2025Tickets from 61
Lisbon13 January 202514 January 2025Tickets from 62
Istanbul1 February 20257 February 2025Tickets from 62
Nice17 January 202519 January 2025Tickets from 62
Belfast30 December 20241 January 2025Tickets from 64
Sevilla8 December 202412 December 2024Tickets from 67
Reykjavik29 January 20251 February 2025Tickets from 68
Venice23 November 202424 November 2024Tickets from 71
Glasgow6 May 202510 May 2025Tickets from 72
Puerto del Rosario7 March 202512 March 2025Tickets from 73
Bucharest3 December 20245 December 2024Tickets from 73
Geneva16 December 202417 December 2024Tickets from 73
Berlin2 January 20257 January 2025Tickets from 75
Marrakech22 February 202525 February 2025Tickets from 77
Amsterdam13 January 202516 January 2025Tickets from 78
Vilnius6 December 20249 December 2024Tickets from 78
Valencia1 December 20247 December 2024Tickets from 79
Gibraltar24 January 202526 January 2025Tickets from 80
Katowice28 November 202430 November 2024Tickets from 80
Porto13 December 202416 December 2024Tickets from 80
Alicante7 March 202510 March 2025Tickets from 87
Podgorica30 November 20242 December 2024Tickets from 88
Munich22 February 202525 February 2025Tickets from 90
Verona17 February 202523 February 2025Tickets from 90
Larnaca12 December 202415 December 2024Tickets from 93
Stockholm11 April 202513 April 2025Tickets from 93
Florence5 February 20258 February 2025Tickets from 94
Sarajevo8 March 20259 March 2025Tickets from 95
Bordeaux10 February 202516 February 2025Tickets from 95
Luxembourg11 December 202414 December 2024Tickets from 104
Izmir9 December 202412 December 2024Tickets from 105
Helsinki11 December 202412 December 2024Tickets from 109
Wroclaw22 November 202423 November 2024Tickets from 112
Bilbao28 November 202430 November 2024Tickets from 114
Brussels6 December 20249 December 2024Tickets from 117
Dalaman30 November 20245 December 2024Tickets from 119
Lyon22 November 202423 November 2024Tickets from 120
Inverness1 December 20245 December 2024Tickets from 120
Thessaloniki27 November 202430 November 2024Tickets from 122
Bologna16 December 202418 December 2024Tickets from 123
Copenhagen6 December 20248 December 2024Tickets from 125
Ankara29 November 20244 December 2024Tickets from 129
Palermo7 January 202512 January 2025Tickets from 131
Manchester18 April 202523 April 2025Tickets from 132
Chisinau12 December 202414 December 2024Tickets from 136
Hurghada2 December 20245 December 2024Tickets from 137
Zurich13 December 202416 December 2024Tickets from 138
Hamburg25 November 202427 November 2024Tickets from 139
Yerevan10 February 202516 February 2025Tickets from 140
Kutaisi28 November 20243 December 2024Tickets from 142
Tangier28 April 20253 May 2025Tickets from 145
Sharm el Sheikh9 March 202513 March 2025Tickets from 148
Zagreb17 January 202519 January 2025Tickets from 151
Bourgas9 December 202414 December 2024Tickets from 151
Montpellier6 December 20248 December 2024Tickets from 156
Liverpool18 February 202520 February 2025Tickets from 167
Baku22 January 202525 January 2025Tickets from 168
Las Palmas1 January 20257 January 2025Tickets from 169
Innsbruck14 January 202518 January 2025Tickets from 169
Salzburg19 December 202423 December 2024Tickets from 176
Algiers3 December 20247 December 2024Tickets from 176
Tbilisi29 November 20243 December 2024Tickets from 178
Paphos26 November 202427 November 2024Tickets from 183
Pristina9 April 202514 April 2025Tickets from 184
Pisa23 November 202427 November 2024Tickets from 194
Casablanca23 November 202426 November 2024Tickets from 206
Varna28 November 20241 December 2024Tickets from 207
Tivat7 March 20259 March 2025Tickets from 207
Ercan3 January 20257 January 2025Tickets from 208
Cluj18 December 202420 December 2024Tickets from 208
Batumi25 January 202528 January 2025Tickets from 211
Abu Dhabi13 January 202517 January 2025Tickets from 213
Strasbourg20 December 202422 December 2024Tickets from 214
Dubrovnik26 November 202429 November 2024Tickets from 222
READ ALSO  The 15th Amorgos International Film Festival Concludes with Great Success

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Author: Editor