Posted 2/22/2024, 5:15:00 PM
Global Air Travel Set to Soar Past Pre-Pandemic Levels by 2024
- Global passenger traffic to exceed pre-pandemic levels in 2024, reaching 9.7 billion by year's end
- Compound annual growth rate (CAGR) of 4.3% for global passenger traffic from 2023-2042
- Developing economies expected to drive air travel demand growth at 5.4% CAGR from 2023-2042
- By 2042, global passenger numbers to double; by 2052 to increase 250%
- Latin American region forecast to lead the recovery in passenger traffic