2025 Market Outlook for Air Transport Demand

This document is a market outlook report for the aviation industry, focusing on air transport demand forecasts from 2025 to 2044. It outlines the expected growth rates in revenue passenger kilometers (RPK) across various regions, predicting an average annual growth rate of 3.9%. The report highlights that China will experience the highest growth at 5.7% annually, followed by Latin America and Africa. The document emphasizes the increasing demand for up-to-150-seat aircraft, projecting a need for 10,500 new jets and turboprops valued at USD 680 billion over the next two decades. It also discusses the significance of small narrowbody jets in enhancing connectivity and operational flexibility in the evolving market landscape. The report identifies trends such as the shift towards smaller markets for tourism and the importance of capacity discipline for sustainable profitability in airlines. Overall, it provides a comprehensive analysis of the future of air transport and the strategies necessary for airlines to adapt to changing market dynamics.