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IATA expects Asia-Pacific passenger traffic to increase to 7.4% in 2014
ENHANCING GLOBAL COMPETITIVENESS — ANNUAL REVIEW 2013MARKETS & PERSPECTIVES —
According to the IATA March 2014 update, airlines returned
an estimated net prot of US$ 12.9 billion in 2013 (2012:
US$ 6.1billion). North American carriers ended 2013 with a
collective net prot of US$ 6.8 billion (2012: US$ 2.3billion),
with Asia-Pacic carriers posting US$ 3.0 billion prot
(2012:US$ 2.7billion) and European airlines an estimated
US$ 1.2billion after breaking even the previous year.
According to IATA, passenger markets continue to outperform
the cargo business.
Looking to 2014, IATA forecasts a 5.8% increase in passenger
trafc (RPK), with trafc up 2.7% in North America, 4.7% in
Europe, 7.4% in Asia-Pacic and 13.0% in the Middle East.
IATA predicted further improvement in the industry’s net prot
to US$ 18.7 billion in 2014, with all regions seeing increases
in protability. In 2014, airlines are expected to post net prot of
US$ 8.6 billion in North America, US$ 3.7 billion in Asia-Pacic
and US$ 3.1 billion in Europe.
ROBUST MID-TERM OUTLOOK
According to the IATA Airline Industry Forecast 2013-2017,
published in December 2013, demand is expected to expand
by an average 5.4% compound annual growth rate between
2013 and 2017.
The Airbus 2013 Global Market Forecast estimates that
passenger trafc will grow at an average yearly rate of 4.7% over
the next twenty years. In order to meet the demand for growth
and for replacement of aging aircraft, Airbus calculates a need
for more than 28,000 new passenger aircraft up to 2032.
8%
6%
4%
2%
0%
– 2%
– 4%
2008 2009 20112010 2012 2013 2014
Source: IHS Global Insight (February 2014 data), OAG (ASKs data), Airbus.
Passenger trafc ASK (Available Seat Kilometres)
Real GDP
February
Passenger
trafc
+7. 2 %
PASSENGER TRAFFIC IS OUTPERFORMING
GDP GROWTH
World real GDP and passenger trafc (year-over-year)
* Revenue Passenger Kilometres. ** Since 2000
Source: ICAO, Airbus.
World annual trafc
1968 19781973 1983 1988 1993 2003 20081998 2013
5.5
5.0
4.5
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0
Gulf
Crisis
Oil
Crisis
Oil
Crisis Financial
Crisis
Asian
Crisis
9 /11
Attack
SARS
+70%**
AIR TRAVEL HAS PROVED TO BE RESILIENT
TO EXTERNAL SHOCKS
(in RPK* trillions)
33