Airports

Airports

In 2008 world traffic exceeded 4.4 billion passengers, broadly in line with the previous year (-0.2%), bringing the average annual increase to more than 4.5% since 19971. This is a fastgrowing industry, despite the slowdown in 2001-2002 following 9/11 and in 2007-2008 due to the global financial crisis.

Passengers total growth - Figures by geographical region 1997-20081 (billion passengers)

Passengers

Passengers

The sector is highly concentrated, with the three main geographical regions accounting for over 88% of world airport traffic: North America (33%), with an average annual growth rate since 1997 of 1.3%; Europe (which accounts for more than 32% of world traffic), with average annual growth of 5.4% from 1997 to 2008 and Asia (with a share of over 23%), which shows the fastest growth of all with a rate topping 8%. Forecasts now available through 20272 predict an average annual growth rate of 3% to 5% until 2009-2010, when the number of passengers per year is forecast to exceed 5 billion. After a slowdown in 2009 due to the international financial crisis, the pace should pick up again in 2010. In the following 17 years average annual traffic growth is expected to settle at around 4%, as the markets of many countries mature, reaching 11 billion passengers a year by 2027.

Projection of world passenger traffic (billion passengers)

Traffico passeggeri

1 Source: A.C.I. Global Traffic Forecast 2006-2025 (Executive Summary Edition 2007) and A.C.I. Worldwide Airport Traffic Statistics, 2008
2 Source: A.C.I. Global Traffic Forecast 2008-2027 (2008 Edition)