{"id":124046,"date":"2015-11-27T00:00:00","date_gmt":"2015-11-26T22:00:00","guid":{"rendered":"https:\/\/rhn.ro\/iata-has-revised-downwards-its-estimates-for-the-number-of-passengers-transported-over-the-next-20-years\/"},"modified":"2026-03-28T20:54:50","modified_gmt":"2026-03-28T18:54:50","slug":"iata-has-revised-downwards-its-estimates-for-the-number-of-passengers-transported-over-the-next-20-years","status":"publish","type":"post","link":"https:\/\/rhn.ro\/en\/iata-has-revised-downwards-its-estimates-for-the-number-of-passengers-transported-over-the-next-20-years\/","title":{"rendered":"IATA has revised downwards its estimates for the number of passengers transported over the next 20 years"},"content":{"rendered":"<div>The International Air Transport Association (IATA) has revised its long-term air passenger traffic growth estimates downwards.<\/div>\n<div><\/div>\n<div>IATA estimates that by 2034, airlines worldwide will transport 7 billion passengers, double the 3.5 billion projected for this year, based on an average annual growth rate of 3.8%. Previously, IATA estimated that the number of passengers carried by airlines would grow by an average of 4.1% per year to reach 7.4 billion passengers in 2034.<\/div>\n<div><\/div>\n<div>IATA cites the slowdown of the Chinese economy as the primary reason for revising its forecasts. IATA estimates that by 2029, China will overtake the US as the world&#8217;s largest air transport market, and by 2034, China will account for 1.19 billion passengers compared to 1.16 billion for the US. India, Indonesia, and Brazil will follow in the rankings.<\/div>\n<div><\/div>\n<div>Additionally, over the next 20 years, aviation is expected to support 105 million jobs, up from 58 million today, and will contribute $6 trillion to the global economy.<\/div>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n<p>Source: <a href=\"http:\/\/www.economica.net\" data-wplink-url-error=\"true\">Economica<\/a><\/p>\n<h3>Frequently Asked Questions<\/h3>\n<p><strong>Why did IATA lower its passenger growth forecast?<\/strong><\/p>\n<p>The primary reason for the downward revision is the slowdown of the Chinese economy, which impacts global air traffic projections.<\/p>\n<p><strong>When is China expected to become the world&#8217;s largest aviation market?<\/strong><\/p>\n<p>IATA predicts that China will overtake the United States as the largest air transport market by the year 2029.<\/p>\n<p><strong>What is the projected economic impact of aviation in the next 20 years?<\/strong><\/p>\n<p>Aviation is expected to support 105 million jobs and contribute approximately $6 trillion to the global economy by 2034.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The International Air Transport Association (IATA) has revised its long-term air passenger traffic growth estimates downwards. IATA estimates that by 2034, airlines worldwide will transport 7 billion passengers, double the 3.5 billion projected for this year, based on an average annual growth rate of 3.8%. Previously, IATA estimated that the number of passengers carried by&hellip;<\/p>\n","protected":false},"author":0,"featured_media":65762,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2856],"tags":[],"thb-sponsors":[],"class_list":["post-124046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conectivity"],"article_style_override":"","post-style":"","post_via":"","post-top-image":"https:\/\/rhn.ro\/wp-content\/uploads\/2019\/11\/transport-2.jpg","_links":{"self":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/124046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/comments?post=124046"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/124046\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/65762"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=124046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=124046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=124046"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=124046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}