Airports Council International releases 2015 World Airport Traffic Report: The busiest become busier; the year of the international hub airport
|Montréal, 9 September 2016 – Airports Council International (ACI) has released the 2015 ACI World Airport Traffic Report. With comprehensive data coverage for over 2,300 airports in 160 countries worldwide, ACI’s flagship publication remains the authoritative source and industry reference for the latest airport traffic data, rankings and trends on air transport demand.
“ACI continues to deliver an exhaustive review of airport traffic data and analyses in an internationally comparable format,” said Angela Gittens, Director General of ACI World. “This provides our members, the wider aviation and financial community a global view of air transport demand. The airport industry is incredibly dynamic and having a reliable data source to count on is more important than ever.”
Persistence and resilience are two themes that best describe air transport demand in 2015. The large increase in passenger traffic of 6.4% represents the strongest growth rate since 2010 (6.6%), the year in which it rebounded from the Great Recession. In fact, despite a slight weakening of economic growth at 3.1% in 2015, growth in passenger traffic approached the pre-recessionary growth levels that were seen in 2004 to 2007. International tourism in particular was irrepressible in 2015, even considering the geopolitical risks that persisted in certain parts of the world, such as Eastern Europe and the Middle East. By and large, the international traveller appears to have discounted these risks. Air cargo markets were weaker compared with passenger markets, achieving a modest 2.6% growth in total volumes for 2015. This was the result of subdued growth in emerging markets and developing economies, coupled with a more modest recovery in advanced economies.
World’s busiest airports
While there were 16 airports with over 40 million passengers in 2005, this number has more than doubled and risen to a total of 37 airports by 2015. Collectively, the club of airports has achieved a growth of 6% year-over-year in passenger traffic for 2015. This level of growth is unprecedented, particularly since a majority of the airports in this category are from the typical mature markets of North America and Europe. After years of consolidation and capacity discipline on the part of US-based airlines, North America has experienced an important resurgence in air transport demand, particularly at many of its large hubs. Where physical capacity and infrastructure could accommodate, the so-called mature market’s recent upsurge in traffic are further reminders that higher growth in throughput above historical trends is still possible in these markets. Both airlines and airport operators have expanded and optimized their capacity in order to accommodate the demand for air transport. In addition, the widespread entry of low-cost carriers in these markets has heightened competition, offering affordable options to stimulate air transport demand irrespective of the uncertainty in global economic conditions.
“While this represents an important feat for the world’s busiest airports and the economic vitality of the region’s they serve, the downside of airline capacity shifts towards major connecting hubs in certain markets is that smaller regional airports lose out on traffic with a reduction in nonstop destinations between cities. It is important to highlight that the reason smaller airports remain in operation hinges on the idea that they contribute to the local, social and economic development of their surrounding communities. Strategies to ensure their sustainability are equally important in guaranteeing a well-rounded aviation system,” Gittens added.
On the back of a growing middle class in key emerging markets, the significant growth of intercontinental hubs in Asia-Pacific and the Middle East reveals that air transport’s nucleus continues to move eastward. Despite the slowing of economic growth in China, its move away from an investment led economy to a consumption driven economy will further stimulate air transport demand over the long run. India is also poised to be one of the largest aviation markets in the world in the years to come. The combination of a move towards a more liberalized aviation market coupled with stronger economic fundamentals has helped to awaken the Bengal tiger to become one of the fastest growing markets in the world. However, there is heterogeneous growth across key emerging markets. Adverse macroeconomic conditions and a weakening of commodities such as oil have left both Brazil and Russia in a recessionary state.
“It is important to maintain cautious optimism as we navigate through 2016,” Gittens concluded. “There are several impediments that could curtail the continued rise in demand, which could potentially encumber growth prospects over the short- and medium-terms. Specifically, these are related to geo-political unrest, terrorisms and threats to security in certain parts of the world. Physical capacity considerations and potential bottlenecks in air transport infrastructure also pose challenges in accommodating future air transport demand. Finally, protectionist policies that retreat from further economic integration and air transport liberalization could have adverse contractionary effects on the air transport industry. Irrespective of the challenges that lay ahead, by and large, the evidence of history supports the long run resiliency of the industry where connecting people, places, cultures and commerce is paramount in the shared mission of the aviation community.”
Key statistics in brief
|Notes for editors|
|1. Airports Council International, the trade association of the world’s airports, was founded in 1991 with the objective of fostering cooperation among its member airports and other partners in world aviation, including the International Civil Aviation Organization, the International Air Transport Association and the Civil Air Navigation Services Organisation. In representing the best interests of airports during key phases of policy development, ACI makes a significant contribution toward ensuring a global air transport system that is safe, secure, efficient and environmentally sustainable. To learn more about ACI, please click here.
2. The 2015 ACI World Airport Traffic Report is the most comprehensive source of airport traffic data on the market. Based on input from over 2,300 commercial airports from 160 countries, data is presented in five key global traffic categories: total passenger, total cargo, aircraft movements, international passenger and international freight Rankings by order of busiest airports in each category are provided. The report also groups results by region, country and airport. To learn more about the 2015 ACI World Airport Traffic Report or to order, please click here.
3. To learn more about the 2015 ACI World Airport Traffic Dataset, or to order, please click here.
4. ACI produces a full range of publications covering airport policies/standards, monthly and yearly traffic reports, airport economics and global traffic forecasting. The WATR 2015, and previous editions, can be purchased on the ACI website at www.aci.aero/Publications.
5. For a PDF of this press release, please click here.
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