Forecast - passenger and air cargo traffic
As a result of increasingly affordable flight rates and cheaper oil prices, passenger and cargo air traffic are estimated to grow substantially through 2036. Latin America is the region where passenger air traffic is expected to experience the highest growth rate. Between 2017 and 2036, the airline industry is projected to increase its carriers' revenue passenger kilometers by about 4.7 percent. Commercial airlines stand to greatly benefit from the increased passenger demand in global air traffic. In 2016, there was a 7.4 percent growth in global air traffic passenger demand. The same year, commercial airlines worldwide generated combined revenue of 705 billion U.S. dollars. The United States is home to the world’s busiest airport: Hartsfield-Jackson Atlanta International (IATA:ATL) enplaned more than 46.7 million passengers in 2016. Surprisingly, the United States scored a mere 6.1 in the 2016/2017 air traffic infrastructure quality ranking published by the World Economic Forum. Meanwhile, Singapore’s air traffic infrastructure received a rating of 6.8 on a scale of 1 to 7, with 7 being the highest rating possible.