Global air passenger numbers to reach 4.72 billion in 2020: IATA

Air passenger numbers across India are expected to reach 4.72 billion in 2020, according to International Air Transport Association (IATA). The forecast shows an increase of 4% from 4.54 billion in 2019. A statement, released by IATA, said, “Passenger demand (RPKs) is expected to grow 4.1% in 2020, in line with 4.2% growth in 2019. In fact, this masks a GDP-growth-driven pick-up since the underlying growth rate fell to less than 4.0% in 2019. However, whereas passenger capacity (ASKs) rose 3.5% in 2019, it is forecast to grow 4.7% in 2020 – as aircraft deliveries rise significantly, causing load factors to slide to 82% from 82.4% in 2019. This will maintain pressure on yields, which are expected to slide 1.5% after falling 3.0% in 2019. Passenger revenues, excluding ancillaries, are expected to reach $581 billion (up 2.5% from $567 billion in 2019).

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