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Global airline traffic forecast to double in 20 years led by Asia, Middle East
The Asia-Pacific region would lead with average growth of 4.8 per cent, propelled by countries like India (6.9 per cent) and China (5.8 per cent) but also Thailand and Vietnam (6.4 per cent each), the IATA said.
Passenger growth in Africa and the Middle East would rise by 3.6 per cent, while Latin American and the Caribbean would see a 2.9 per cent increase.
The mature markets of North America and Europe would see growth of 1.7 per cent and 2 per cent, the association said.
Air transport currently accounts for less than 3 per cent of global carbon dioxide emissions, but is often in the firing line because it serves a minority of the world’s population.
Airlines are mainly betting on increased production of sustainable aviation fuels produced from renewable sources, expected to provide 65 per cent of the industry’s “net zero” target for 2050.
But the technological challenges of producing such fuels at scale – they currently provide just 0.53 per cent of airlines’ fuel consumption – are likely to require huge investments.