Internet Travel Monitor - Industry NewsDuring the the 11th Annual Airport Economics & Finance Conference & Exhibition in London, Airports Council International (ACI) World published its preliminary world airport traffic rankings covering passenger traffic, cargo volumes, and aircraft movements.
March 20, 2019
Preliminary World Airport Traffic Rankings Released
Passenger traffic remains resilient but cargo hubs see volume growth weaken -
India becomes world’s third largest aviation market for passenger traffic
ACI has found that passenger traffic remained resilient in 2018 and is estimated to have reached 8.8 billion, growing by an estimated 6% as compared to the previous year. This increase is above the 4.3% compound annual growth rate for passenger traffic from 2007 to 2017.
The air cargo market did not fare as well as passenger traffic with a year-end growth figure of 3.2%. This is in contrast to a much stronger year of growth in 2017 but comes against a backdrop of global trade tension between the United States and several of its closest trade partners.
Passenger traffic at the world's 20 busiest airports – which represent 17% of all global passenger traffic – grew by 4.7% in 2018 as more than 1.5 billion passengers used these airports. Of these:
"With the cost of travel decreasing in many markets, and a burgeoning middle class growing in emerging markets, passenger traffic growth has remained irrepressible. Indeed, ACI's global medium-term forecasts reveal growth in demand for air services between 2018 to 2023 will grow by almost 30%. This means many national governments face the predicament of demand outstripping available airport infrastructure."
In other significant findings, India became the world’s third-largest aviation market in terms of passenger throughput, behind the U.S. and China in 2018. India's move towards a more liberalized aviation market and the nation's strengthening economic fundamentals have helped it become one of the fastest-growing markets with its traffic growing rapidly in a relatively short time.
Additionally, despite signs of weakness in the cargo market, a number of airports stand out with Doha, Qatar's main hub, continuing to be one of the fastest-growing airports in the world for air cargo throughput and is also among the busiest. It moved from 16th to 11th in the rankings.
Total Passenger Traffic 2018 (preliminary)
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