Global passenger numbers expected to grow by 10% in 2024
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Global passenger traffic is projected to rise by 10% in 2024 to reach 9.5 billion by the end of the year, according to ACI World’s new Annual World Airport Traffic Report.
Drawing data from over 2,700 airports across more than 180 countries and territories, the report offers the most comprehensive overview of the global airport industry and aviation markets for the operating year 2023 and the first half of 2024.
It includes full rankings for passenger, cargo, and aircraft traffic.
New ACI World director general, Justin Erbacci, commented: “The release of the Annual World Airport Traffic Report highlights the resilience and adaptability of the global aviation industry and demonstrates ACI World’s unmatched ability to predict and analyse industry trends.
“As we continue to navigate an increasingly complex and evolving landscape, ACI World remains committed to supporting our airport members through advocacy and the development of timely resources.
“The insights provided in this report – reaffirming ACI World’s 99.99% forecasting accuracy – are crucial for aviation stakeholders, policymakers, and industry professionals to make informed, data-driven decisions and strategically plan for the future.”
Bi-annual air travel demand Advisory Bulletin
In tandem with the release of the 2024 World Airport Traffic Report, ACI World also unveils its bi-annual air traffic demand Advisory Bulletin. This trusted source for air travel demand is an essential resource for ACI members and the wider aviation system, further cementing ACI World’s authority in the industry.
Highlights:
• In 2023 global passenger traffic: Global passenger traffic reached 8.7 billion in 2023, representing an increase of 30.6% from 2022 or a recovery at 95% from pre-pandemic results (2019).
• Current projections estimate total passenger in 2024 will reach approximately 9.5 billion, representing 104% of the 2019 level and reflecting a 10% year-on-year (YoY) growth from 2023.
• In H1 2024, total passenger traffic increased by 11% YoY, reaching 102% of the June 2019 YTD level. The international market, driving recovery, saw a 17% YoY increase, while the domestic market grew by 6% YoY.
• This year international passenger traffic is expected to reach 4.1 billion by year end, accounting for 43% of total passengers.
• In 2024 domestic passenger traffic is projected to reach 5.4 billion by year end, making up 57% of the total.
Despite positive macroeconomic developments such as easing inflationary pressures, ACI World warns that the medium-to-long-term outlook remains subject to downside risks such as geopolitical conflicts, labour market bottlenecks, and aircraft delivery constraints.
However, the gradual recovery of international passengers and a return to profitability for airlines signal a positive momentum in the industry.
