India and Asia-Pacific emerge as industry leaders

The International Air Transport Association (IATA) has released industry performance statistics for 2015, revealing that India has the fastest domestic passenger growth while airlines in the Asia-Pacific once again carried the largest number of passengers. The 60th edition of the World Air Transport Statistics (WATS) yearbook showed that with an annual growth of 18.8 per cent (in a market of 80 million domestic passengers), India’s performance beat that of Russia (11.9 per cent growth, in a market of 47 million domestic passengers), China (9.7 per cent growth, in a market of 394 million domestic passengers) and the US (5.4 per cent growth, in a market of 708 million domestic passengers). “Last year airlines safely carried 3.6 billion passengers - the equivalent of 48 per cent of the Earth’s population—and transported 52.2 million tonnes of cargo worth around $6 trillion. In doing so, we supported some $2.7 trillion in economic activity and 63 million jobs,” said Tony Tyler, IATA’s director general and C

The International Air Transport Association (IATA) has released industry performance statistics for 2015, revealing that India has the fastest domestic passenger growth while airlines in the Asia-Pacific once again carried the largest number of passengers.

The 60th edition of the World Air Transport Statistics (WATS) yearbook showed that with an annual growth of 18.8 per cent (in a market of 80 million domestic passengers), India’s performance beat that of Russia (11.9 per cent growth, in a market of 47 million domestic passengers), China (9.7 per cent growth, in a market of 394 million domestic passengers) and the US (5.4 per cent growth, in a market of 708 million domestic passengers).

“Last year airlines safely carried 3.6 billion passengers - the equivalent of 48 per cent of the Earth’s population—and transported 52.2 million tonnes of cargo worth around $6 trillion. In doing so, we supported some $2.7 trillion in economic activity and 63 million jobs,” said Tony Tyler, IATA’s director general and CEO.

Asia-Pacific again emerged as the region with the largest market share of passenger traffic (34 per cent) carrying 1.2 billion passengers, an increase of 10 per cent compared to 2014. This was followed by Europe (26.2 per cent), North America (24.8 per cent), Latin America (7.5 per cent) and the Middle East (5.3 per cent).

The airlines that were the most successful with scheduled passengers were US-based, followed by China and Ireland. The top five carriers ranked by total scheduled passengers carried (international and domestic) were: American Airlines (146.5 million), Southwest Airlines (144.6 million), Delta Air Lines (138.8 million), China Southern Airlines (109.3 million) and Ryanair (101.4 million).
FedEx maintained its position as the top freight carrier in 2015  with 7.1 million tonnes of freight carried, followed by UPS (4.5 million), Emirates (2.5 million), Cathay Pacific (1.6 million) and Korean Air (1.5 million).

And what are the likely figures for this year? Tyler said that hopes for a stronger 2016 are fading as economic and political uncertainty increases. And of course, as mentioned in yesterday’s talking point, the question of whether or not Britain will leave the European Union is still the elephant in the room.

 

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