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CAAC upwardly revises 2010 pax forecast – again – to 270 million. 1.5 billion pax by 2030

23-Dec-2010

China has again upgraded its air passenger growth forecast for 2010, reflecting a better-than-expected recovery in international markets and sustained growth domestically. The CAAC is now predicting a 17.4% increase in total traffic in 2010 to 270 million passengers. IATA, meanwhile, forecasts worldwide passenger numbers this year to total 2.42 billion, meaning China traffic would represent 11% of total world passenger numbers in 2010, up from 10% of the total in 2009, based on the same calculations. [1039 words]

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Subheadings:

  • Double-digit growth to continue
  • Load factors and aircraft utilisation improving
  • More than 100 aviation companies, 8000 aviation employees in 2010
  • Profitable growth but profits significant down in Nov-2010
  • 20.8 million passengers in Nov-2010; continued cargo growth
  • China Southern leads the way
  • Growth trajectory to continue

Graphs and data:

  • CAAC passenger and cargo traffic, growth and forecast: 2003 to 2030F
  • CAAC passenger numbers growth vs cargo volume growth: 2005 to 2010F
  • CAAC financial highlights: Nov-2010
  • CAAC passenger number growth vs cargo volume growth: Jan-2009 to Nov-2010
  • ‘Big Three’ Chinese carriers plus Hainan Airlines traffic highlights: Nov-2010
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