The skies are set to be filled with travelers in 2024, as Airports Council International (ACI) World predicts a significant surge in global passenger traffic. According to their annual report, the world is expected to see a whopping 9.5 billion passengers in 2024, representing a 10% increase from the previous year.
This optimistic forecast is based on data collected from over 2,700 airports worldwide, providing a comprehensive picture of the aviation industry’s performance. ACI World’s Director General, Justin Erbacci, emphasized the industry’s remarkable resilience and adaptability in navigating ongoing challenges.
The report highlights several key trends:
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Strong Recovery:
2023 saw a remarkable rebound in global passenger traffic, reaching 8.7 billion – a 30.6% increase from 2022 and a 95% recovery from pre-pandemic levels.*
Accurate Forecasting:
ACI World’s 2023-2052 forecast accurately predicted the 2023 passenger total with a 99.99% accuracy rate, showcasing their expertise in anticipating industry trends.*
Continued Growth:
The report projects a continued upward trajectory, forecasting a 10% year-on-year increase in passenger traffic for 2024, pushing passenger numbers to 104% of pre-pandemic levels.*
Domestic vs. International:
While both segments are expected to see growth, domestic passenger traffic is projected to account for a larger share at 57%, with international traffic making up the remaining 43%.While the aviation industry is clearly on a path to recovery, ACI World cautions about potential risks, including geopolitical tensions, labor shortages, and aircraft delivery constraints. However, the overall outlook remains optimistic, with a gradual return to profitability for airlines and a growing demand for air travel. The industry is poised for continued growth, driven by the desire for travel and exploration, both within and beyond national borders.
