Wednesday, March 13, 2019

India is now world’s third-largest aviation market, reports Airports Council International

Passenger traffic remained resilient last year as India became the world’s third-largest aviation market, according to new figures released by Airports Council International (ACI).

The organisation published its preliminary world airport traffic rankings during the 11thAnnual Airport Economics and Finance Conference and Exhibition, which is currently taking place in London.
Passenger traffic is estimated to have reached 8.8 billion, growing 6% year-on-year. This is above the 4.3% compound annual growth rate for passenger traffic from 2007 to 2017.

India became the world’s third-largest aviation market in terms of passenger throughput, behind the US and China. ACI noted that India’s move towards a more liberalised aviation market and the nation’s strengthening economic fundamentals have helped it become one of the fastest-growing markets with its traffic rising rapidly in a relatively short time.
Passenger traffic at the world’s 20 busiest airports – representing 17% of all global passenger traffic – grew by 4.7% in 2018, as more than 1.5 billion passengers used them.

Atlanta Hartsfield-Jackson Airport held top place in overall traffic, handling over 107 million passengers. Beijing Airport surpassed the 100 million passenger mark in 2018, growing by 5.4% and holding on to second spot. And DXB (Dubai International) retained third position as, after years of double-digit percentage growth, traffic was up 1%.
ACI also revealed that the top 20 airports for aircraft movements grew by 2.4% in 2018. Chicago O’Hare has surpassed Atlanta Hartsfield-Jackson to become the busiest airport in the world under this measure. Both airports experienced slight declines in 2017 but recorded growth of 4.2% and 1.8% respectively for 2018.
13/03/19 Mark Lane/Moodie Davitt Report