There continues to be an explosion in air travel, which makes it a very lucrative industry to be in. Air travel numbers themselves are mind-boggling. Published forecasts predict the total number of people flying on U.S. airlines will increase by 0.8 percent from 2013 levels to 745.5 million in 2014 and grow to 1.15 billion in 2034.
But it's not just the U.S. The International Air Transport Association (IATA) released its first 20-year passenger growth forecast, projecting passenger numbers to rise to 7.3 billion by 2034 - a 4.1% average annual growth in demand for air connectivity that will result in more than a doubling of the 3.3 billion passengers that travelled in 2014.
And China will overtake the U.S as the world’s largest passenger market. By 2034 flights to, from and within China will account for some 1.3 billion passengers, 856 million more than 2014 with an average annual growth rate of 5.5%.