Africa Records 2.2% Market Share in Global Aviation Market

FEC Approves ₦10bn For Aviation Projects

The International Air Transport AssociationIATA, has announced industry performance statistics for 2015 with Africa holding a 2.2percent market share, 79.5 million, up 1.8percent over 2014.

The statistics showed that among the world’s largest domestic markets, India had the fastest domestic passenger growth in 2015.With annual growth of 18.8percent (in a market of 80 million domestic passengers), India’s performance surpassed that of Russia (11.9percent growth, in a market of 47 million domestic passengers).

China (9.7percent growth, in a market of 394 million domestic passengers) and the United States (5.4 percent growth, in a market of 708 million domestic passengers).
The information was included in the recently released 60th Edition of the World Air Transport Statistics (WATS), the yearbook of the airline industry’s performance.

“Last year, airlines safely carried 3.6 billion passengers—the equivalent of 48percent of the Earth’s population—and transported 52.2 million tonnes of cargo worth around $6 trillion. In doing so, we supported some $2.7 trillion in economic activity and 63 million jobs,” said IATA’s director general and chief executive officer (CEO), Tony Tyler.

The highlights of the 2015 airline industry performance for the Passengers include: System-wide, airlines carried 3.6 billion passengers on scheduled services, an increase of 7.2 percent over 2014, representing an additional 240 million air trips.

 

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