Global air traffic - annual growth of passenger demand 2006-2022
This statistic represents the annual growth in global air traffic passenger demand between 2006 and 2022. In 2021, due to the coronavirus outbreak, global air traffic passenger increased by 18 percent.
The outlook of the industry is delicate. Aviation demand was set to be fueled by the rising affluence of the middle classes in emerging markets. Air traffic was forecast to grow most significantly in Latin America and Africa, but these regions are also most likely to suffer from the health crisis caused by the outbreak.
Annual growth in global air traffic passenger demand overshadowed by the coronavirus outbreak
On a global scale, passenger air travel was expected to maintain positive growth rates in 2020, despite a number of challenges faced by the industry: airlines around the world were struggling with high jet fuel prices and sluggish economic growth. However, the outbreak of the novel coronavirus put everyone's plans on hold. These difficult economic conditions are estimated to offset the aviation industry by another 59 percent drop in passenger figures in 2021 compared to 2019, which in turn is projected to translate into another negative financial performance of the airline sector. It is estimated that the global aviation industry will experience an astounding 53.8 billion U.S. dollars in net profit loss in 2021, after a 137.7 billion U.S. dollars net profit loss in 2020.The outlook of the industry is delicate. Aviation demand was set to be fueled by the rising affluence of the middle classes in emerging markets. Air traffic was forecast to grow most significantly in Latin America and Africa, but these regions are also most likely to suffer from the health crisis caused by the outbreak.
