Improved economic conditions boost numbers worldwide
January 22, 2018
Germany: A total of 4.1 billion passengers travelled globally using various airlines on board 37 million scheduled flights in 2017 reported the United Nations civil aviation agency, emphasising that the fastest growth seen among low-cost carriers.
According to figures released by the UN International Civil Aviation Organization (ICAO), air travel demand growth gained solid momentum as a result of improved global economic conditions throughout the year of 2017.
The UN agency said: “The upward trend was driven by the strengthening investment in advanced economies as well as the recovery in emerging market and developing economies owing to the increased export demand.”
Lower air fairs due to the low fuel price was as well reported by the agency to have also continued to encourage traffic growth.
Europe was recorded to have the largest international market with 37 percent of the global total followed by Asia-Pacific with 29 percent.
North America was recorded to have only accounted for 13 per cent global share.
Latin America and the Caribbean region occupied four percent of the international traffic and saw the largest improvement among all regions at 10 percent.
Africa was recorded to have the smallest traffic share at three percent.
The ICAO also revealed that low-cost carriers consistently grew at a faster pace compared to the world average growth, carrying an estimated 1.2 billion passengers and accounting for about 30 percent of the world total scheduled passengers, said the UN.
Air cargo showed a strong bounce back in 2017 as it was recorded at nine point five (9.5) percent. It's increase was said to have significant improvement from three point eight (3.8) compared to 2016.
Jet fuel prices were said to have also increased by about 25 percent compared to 2016. According to the agency, this remained much lower than the prices observed for the past ten years before 2016.