Global Market Forecast 2012-2031 Presented by: JOHN LEAHY
COO, Customers
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Global Market Forecast 2012: Highlights
Market value of $4 trillion
Passenger aircraft ≥100 seats, Freight aircraft ≥10t
Source: Airbus GMF
GMF 2012 key numbers and 20-year change
World Fleet Forecast 2011 2031 % Change
RPK (trillions) 5.1 12.8 150%
Passenger aircraft fleet 15,560 32,550 109%
New passenger aircraft deliveries 27,350
Dedicated freighters 1,620 2,940 82%
New freighter aircraft deliveries 850
Total New Aircraft Deliveries 28,200
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
20-year demand for 28,200 new passenger and freight aircraft
20-year new deliveries of passenger and freight aircraft
Jet freight aircraft (>10 tons)
1,710 very large aircraft
Market value of $4 trillion
6,970 twin-aisle aircraft
19,520 single-aisle aircraft
Passenger aircraft (≥ 100 seats)
28,200 new aircraft
+353 aircraft over GMF 2011
+60 aircraft
+30 aircraft
+443 aircraft
Source: Airbus GMF
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Continued economic uncertainties leading to lower growth in 2011-2012
The depth of this crisis and ancillary economic factors
have resulted in slower than expected growth Source: IHS Global Insight
Strong growth since 2004 Slowdown Deep crisis Recovery
Continued growth and recovery
World real GDP year-over-year quarterly evolution (%)
2006 2007 2008 2009 2010 2011 2012 -10%
-8%
-6%
-4%
-2%
0%
2%
4%
6%
8%
10%
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
-6%
-4%
-2%
0%
2%
4%
6%
8%
10%
2009 Q1 2010 Q1 2011 Q1 2012 Q1 2013 Q1
After a strong recovery, ASK traffic now growing at a slower pace
Source: IHS Global Insight, OAG, Airbus
World ASK year-on-year growth rate (monthly) vs. GDP year-on-year growth rate (quarterly)
August passenger traffic up
3.0%
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Air transport growth is highest in expanding regions
Billions of people will increasingly want to travel by air
Source: IHS Global Insight, Airbus
China
India
Middle East
Asia
Africa
CIS
Latin America
Eastern Europe Expandin
g r
egio
ns
Western Europe
North America
Japan
Yearly RPK growth
2012 -2031
1 billion
people 2012
6 billion
people 2012
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
-4%
-2%
0%
2%
4%
6%
8%
10%
1982 1985 1988 1991 1994 1997 2000 2003 2006 2009 2012 2015
A two-speed world
54 emerging economies.
Data Source: IHS Global Insight, Airbus
History Forecast
Emerging economies*
Mature economies
Real GDP growth (%)
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
-12%
-8%
-4%
0%
4%
8%
12%
16%
J M M J S N J M M J S N J M M J S N J M M J S N
Emerging markets, driving growth
Emerging economies continue to lead the way
August 2012 data,
Source OAG (ASKs data), Airbus
ASKs year-over-year monthly evolution (%)
2009 2010 2011 2012
Emerging Markets traffic up
6.5%
US traffic down
–0.1%
Western Europe
traffic up
2.6%
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Airbus is the market leader in deliveries
0
100
200
300
400
500
600
700
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Airbus
Boeing
Annual deliveries
Source: Airbus
Largest aircraft manufacturer for the last 9 years
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Airbus order backlog
Backlog of 4,381 aircraft
North America
509 (12%)
Latin
America
352 (8%)
Middle East
432 (10%)
Corporate Jet,
Private, Military
30 (~1%)
Africa
79 (2%)
Europe & CIS
593 (14%)
Asia-Pacific
1,498 (34%)
At end July 2012, Percentages are rounded
In addition, undisclosed orders for 2 aircraft
Source: Airbus
Lessors
888 (20%)
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
80
90
100
110
120
130
140
150
160
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Since 2000, air travel has grown 53%, with relatively flat growth in fuel demand
Source: IHS CERA, ICAO, OAG, Airbus
Fuel
+3%
Traffic
+53%
Evolution of RPKs, ASKs and jet fuel demand (Base 100 in 2000)
Traffic growth
Jet fuel demand
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
0
20
40
60
80
100
120
140
1980 1990 2000 2010 2020 2030
High oil prices here for the long-term
Source: IHS CERA, Airbus; Average price in the year displayed
History Forecast Brent oil price (current US$ per bbl)
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
A320neo development is on schedule
EIS of A320neo in October 2015
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
A320neo offers environmental benefits
• Annual fuel savings of 15% equate to:
1.4 m litres of fuel: the consumption of 1000 mid size cars
• 3,600 tonnes of CO2
the CO2 absorption of 240,000 trees
• NOx emissions 50% below CAEP/6
• 500nm more range
or 2 tonnes more payload
• Aircraft noise up to 15dB below Stage IV
Significant environmental improvements
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Air travel has proved to be resilient to external shocks
Source: ICAO, Airbus
World annual traffic (RPKs - trillions)
*Since 2000
0.0
1.0
2.0
3.0
4.0
5.0
1970 1975 1980 1985 1990 1995 2000 2005 2010
Gulf Crisis Oil Crisis Asian Crisis
WTC Attack Oil Crisis SARS
Financial Crisis
+53%*
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Main drivers of traffic and fleet growth
• More people, bigger cities, more wealth
• Emerging markets, more first time flyers and a growing middle class
• Growing tourism and internationalisation will stimulate demand
• More liberalisation to come, particularly in Asia, Africa and Latin America
• Replacement of less eco-efficient aircraft,
– 2/3 of existing fleet will be replaced
• Low cost model set to grow in Asia-Pacific and Africa
• Growth in the number of Aviation mega-cities driving demand for VLAs
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
0.001
0.01
0.1
1
10
0 20,000 40,000 60,000 80,000 100,000 120,000
Trips* per capita - 2011
2011 nominal GDP per capita ($US)
Emerging economies drive strong travel growth
Source: Sabre (annualized September 2011 data), IHS Global Insight, Airbus
* Passengers originating from respective country
4.6x
In 2031 vs 2011
China & India
average propensity
to travel
USA
France
United Kingdom
Germany
India
China
China & India Average 2011
China & India Average 2031
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
0 1,000 2,000 3,000 4,000 5,000
Asia-Pacific
Europe
North America
Middle East
Latin America
CIS
Africa
Asia-Pacific airlines to lead in world traffic by 2031
2011 traffic 2012-2031 traffic 28%
27%
27%
7%
5%
3%
3%
20-year world annual traffic growth
4.7%
5.4%
4.1%
3.3%
7.3%
5.9%
5.4%
5.0%
World Traffic by airline domicile (RPK billions) % of 2011
world RPK
20-year
growth
32%
24%
20%
11%
6%
4%
3%
% of 2031
world RPK
Source: Airbus
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Domestic PRC and Domestic India lead the growth in RPKs 2011 to 2031
Source: Airbus
0 500 1,000 1,500 2,000
Domestic Russia
Japan - USA
PRC - USA
Asia - Middle East
Western Europe - North Africa
Domestic Asia
Central Europe - Western Europe
Western Europe - PRC
Indian Sub Continent - Middle East
Western Europe - Middle East
Domestic Brazil
Asia - Western Europe
Intra Asia
Asia - PRC
Western Europe - South America
Domestic India
Western Europe - USA
Intra Western Europe
Domestic USA
Domestic PRC
2012 – 2031
CAGR
7.0%
2.2%
3.1%
3.7%
9.9%
5.1%
6.5%
6.0%
4.1%
6.5%
5.4%
6.5%
5.7%
5.6%
5.4%
5.2%
5.6%
6.2%
3.7%
5.0%
Largest 20 flows in 2031, by RPK (billion)
2011 traffic 2012-2031 traffic Domestic PRC
2031 Share of
World traffic
10.4%
10.4%
7.5%
5.3%
2.9%
2.3%
2.2%
2.2%
2.1%
2.1%
2.0%
1.9%
1.9%
1.9%
1.8%
1.5%
1.5%
1.4%
1.3%
1.3%
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
2011 cities with more than 10,000 daily long-haul passengers
42 cities in the world handle more than 10,000 long haul passengers per day, …
Long-haul traffic is concentrated on a few main aviation centres
Traffic as of month of September; Source: Airbus
Long haul traffic: flight distance >2,000nm, excl. domestic traffic;
42 Aviation
Mega-cities
(2011)
> 90% of long-haul traffic
on routes to/from/via
42 cities
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
… and by 2031 it will be over 90
Long-haul traffic is concentrated on a few main aviation centres
Traffic as of month of September. Source: Airbus
Long haul traffic: flight distance >2,000nm, excl. domestic traffic;
2031 cities with more than 10,000 daily long-haul passengers
92 Aviation
Mega-cities
(2031)
> 95% of long-haul traffic
on routes to/from/via
92 cities
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
The 80th A380 was delivered to SIA on July 31st 2012
81 A380 deliveries to end August
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
A380s link the worlds Aviation Mega-cities
Over 100 flights per day carrying more than 1m passengers per month
A380 weekly departures: Week 33 August 2012 - Source: OAG
Top 10 A380 airports ranked by weekly departures
0
20
40
60
80
100
120
140
Dubai Singapore Frankfurt London (LHR)
Paris (CDG)
Sydney Hong Kong
Seoul (ICN)
New York (JFK)
Tokyo (NRT)
Air France
China Southern
Emirates
Korean Air
Lufthansa
Malaysia Airlines
Qantas
Singapore Airlines
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
An A380 takes off or lands every 7 minutes
Carrying more passengers in more comfort to more and more destinations
EK Photo credit Markyharky
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Air travel remains a growth market
Source: ICAO, Airbus
0
2
4
6
8
10
12
14
1971 1981 1991 2001 2011 2021 2031
Air traffic has doubled
every 15 years
Air traffic will double
in the next 15 years
20-year world annual traffic growth
4.7%
Airbus
GMF 2012
ICAO
total traffic
2011-2021
5.1%
2021-2031
4.4%
World annual RPK (trillion)
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Demand for over 27,000 new passenger aircraft
15,556
New aircraft 27,347
+ 3.8 % per annum
Fleet size
Passenger aircraft above 100 seats
32,551
5,204
10,352
16,995
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
Beginning 2012 2031
Stay in service
Replaced
Growth
Source: Airbus
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Single-aisle: 69% of units; Twin-aisle: 44% of value
Passenger aircraft (≥ 100 seats) and jet freight aircraft (>10 tons)
Source: Airbus
0
4,000
8,000
12,000
16,000
20,000
Single-aisle & Small jet freighters
Small-twin aisle & Regional freighters
Intermediate twin-aisle & Long range freighters
Large aircraft & Large freighters
GMF 2011
GMF 2012
69% 17% 8% 6% % units
40% 27% 17% 16% % value
20-year new deliveries of passenger and freighter aircraft
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document. Page 28
12,160
8,360
4,480
6,510
6,950
3,210 12,570
-
5,000
10,000
15,000
20,000
25,000
30,000
Beginning 2012 Fleet in 2021 Fleet in 2031
Open Demand
Backlog
Stay-in-service from today’s fleet
Strong open demand for A320ceo and A320neo
Single-aisle aircraft in-service
A320neo will continue to build on success of the A320 Family
Source: Ascend, Airbus
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Summary
• Strong growth in passenger traffic – resilient growth through in a
turbulent economy
• Demand for over 28,000 new aircraft by 2031 – ~27,300 passenger
aircraft and nearly 900 freighter aircraft
• Replacement of ageing fleets – 20 year demand for more than 10,000
passenger aircraft for replacement, largely in the single-aisle segment
• A quarter of the demand for twin-aisle aircraft – demand for nearly
7,000 small and intermediate twin-aisle aircraft
• VLA demand driven by aviation mega-cities – more than 90% of all
long-haul passengers will fly to, from or through these cities
Global Market Forecast 2012-2031 Presented by: CHRIS EMERSON
SVP, Future Programmes & Market Strategy
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Aviation is a major driver of the world economy
56.6
millio
n
Job supported
World-wide
Globally
contributes $2.2
trillion
Aviation’s global
economic impact
19th If aviation was a
country ranked
by GDP
2,681,000,000 passengers carried in 2010
$5.3 trillion worth of cargo shipped by
air in 2010
2%
of global man-made CO2
emissions come from aviation
Source: ATAG
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Month 200X
Despite economic uncertainties, the world traffic continued to post strong growth…
World annual traffic (RPKs - trillions)
* since 2000
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
1970 1975 1980 1985 1990 1995 2000 2005 2010
Gulf Crisis Oil Crisis Asian Crisis
WTC Attack Oil Crisis SARS
Financial Crisis
+53%*
Source: ICAO, Airbus
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Month 200X
…and is expected to remain resilient in the future
0
2
4
6
8
10
12
14
1971 1976 1981 1986 1991 1996 2001 2006 2011 2016 2021 2026 2031
Air traffic has doubled
every 15 years Air traffic will double
in the next 15 years
20-year world annual traffic growth
4.7% Airbus
GMF 2012
ICAO
total traffic
2011-2021
5.1%
2021-2031
4.4%
World annual RPK (trillion)
Source: ICAO, Airbus
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Economy spending less time in recession even through recent crises
% of time spent in recession at world level
0
5
10
15
20
25
30
35
40
45
1919-1939 1940-1962 1963-1985 1986-2011
Source: IHS Global Insight, Airbus
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Short term economic growth will be driven by emerging markets
-1%
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
Europe North America
Asia* Middle East
Latin America
Pacific CIS Africa Indian Sub Continent
PRC
2012
2013
Month 200X
Source: IHS Global Insight (August 2012), Airbus *- Excluding Indian Sub-continent and PRC
2012 and 2013 real GDP forecast by region
2013 World Average
2012 World Average
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Emerging regions will represent a larger share of traffic in 2031
0
2
4
6
8
10
12
14
2011 2013 2015 2017 2019 2021 2023 2025 2027 2029 2031
Advanced - Advanced Advanced - Emerging Emerging - Emerging
Month 200X
World annual RPK (share of total), by type of flow
20-year annual traffic
growth
6.6%
20-year annual traffic
growth
5.1%
20-year annual traffic
growth
2.9%
28%
45%
27%
38%
30%
32%
Traffic with emerging markets represent 55% of traffic today, 68% in 2031
Source: Airbus
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
... driving the center of gravity of traffic to the south and east
Geographic centre of gravity of departing/arriving/connecting passengers per city
Traffic as month of September; estimates for historic passenger derived from offered seats;
respective centres of gravity as median of city coordinates weighted by passenger traffic
1971
1981
1991
2001
2011
2021 2031
1971
1981
1991
2001
2011
2021 2031
Source: OAG, Airbus
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Traffic to, from and within USA and Western Europe are the largest...
3% 4% 5% 6% 7% 8%
Month 200X
2011 RPK from/to/within traffic
2011-2031 RPK traffic CAGR Size of the bubble is proportional to 2011 RPK traffic
USA
Western Europe
PRC
Indian Sub-
Continent
Middle East
Asia
CIS
South America Japan
Caribbean Pacific
Australia
Canada Central
America Russia
Asia-Pacific*
Source: Airbus
*-Asia-Pacific is comprised of PRC, Asia, Pacific, Japan, India Sub-continent and Australia/NZ
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Traffic to, from and within USA and Western Europe are the largest...
3% 4% 5% 6% 7% 8%
Month 200X
2011 RPK from/to/within traffic
2011-2031 RPK traffic CAGR Size of the bubble is proportional to 2011 RPK traffic
USA
Western Europe
PRC Indian Sub-
Continent
Middle East
Asia
CIS
South America
Japan
Caribbean Pacific
Australia
Canada Central
America
Russia
Source: Airbus
*-Asia-Pacific is comprised of PRC, Asia, Pacific, Japan, India Sub-continent and Australia/NZ
Asia-Pacific*
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Visiting friends and relatives is a key driver of traffic growth
Region definition according to United Nations; Asia including Oceania, countries of the Middle East and countries of CIS,
Europe including Russia
2010 world inter-regional migration corridors per sending and receiving region (million persons) North America
Asia
Europe
Latin
America
Africa
North
America
Asia
Europe
Latin America
Africa
•>215M live outside their country of birth
•700K foreign students studying in the US
•Visiting friends and relatives remained much more stable than business travel
•North America and Europe as largest destinations of immigration
•Asia-Pacific growing as a destination for immigrants
Source: UN Population Division, Airbus
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Population (billions) Urbanisation rate
World urban population expected to rise from 3.5 billion people today up to 5 billion by 2030
Urban population: 1.3B 2.3B 3.5B 5.0B 6.4B
51%
60%
70%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
0
1
2
3
4
5
6
7
8
9
10
1950 1960 1970 1980 1990 2000 2010 2020 2030 2040 2050
Urban population
Rural population
Urbanisation rate
History Forecast
Source: UN Population Division, Airbus
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Urbanisation and subsequent wealth generation leads to more flying
0.00
0.01
0.10
1.00
10.00
0% 20% 40% 60% 80% 100%
Month 200X
Propensity to travel per country
Source: Sabre, UN Department of Economic and Social Affairs, Airbus
% of population in Urban centers
Trips per capita (logarithmic scale)
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document. Page 43
671 701 678
265 263 254
746
1,889
3,377
419
560
739
0
1,000
2,000
3,000
4,000
5,000
2011 2021 2031
Other
Asia-Pacific
North America
Europe & CIS
Leading to a larger “Global Middle Class”
Global Middle Class* (Millions of people)
2,101
3,413
5,048
X 2
X 5
% of World population 30%
7,000
44%
7,700
60%
8,400 World population
* Households with daily expenditures between $10 and $100 per person (at PPP)
Source: Kharas and Gertz, Airbus
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Airlines are becoming more efficient
0
5
10
15
20
25
1981 1986 1991 1996 2001 2006 2011 2016 2021 2026 2031
Other costs
Fuel cost
Unit cost (cents/RPK in 2011 US$)
History Forecast
40% % cost from fuel 29% 13% 13% 33% 36%
Source: ICAO, EIA, HIS Global Insight, Airbus
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
The air cargo industry today ensures economic growth through timely delivery
$5.3 trillion worth of cargo shipped by air in
2010
worth of cargo shipped by
air in 2011
$$$$$
>1,600 Aircraft ≥ 10t, performing cargo only
operations
>200 Airlines Performing freight or freight
and passenger operations
50% North America represents 50%
of the dedicated cargo fleet in
service
Percentage growth of 2011
traffic above 2008 peak
7%
Source: ATAG, Seabury, ASCEND, Innovata, OAG, US DOT RITA, Airbus
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Like the passenger market, fastest growth from traffic between and within emerging regions
0
100
200
300
400
500
600
2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 2023 2025 2027 2029 2031
Developed to Developed
Emerging to Emerging
Emerging to Developed
Developed to Emerging
Future Historical
5.2%
5.0%
5.7%
3.2%
Growth
Rate
2011-2031
Freight traffic growth (billions of FTKs)
Source: Seabury, Airbus
20-year world annual FTK growth
4.9%
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Demand for 851 new freighter aircraft, largely destined for North America, Asia-Pacific and Europe
Source: Airbus
411 440 523
847
423
0
200
400
600
800
1,000
1,200
1,400
Small jets Regional & Long range
Large
Conversions
New Freighters
North America
41%
Asia-Pacific
30%
Europe 16%
Middle East 7%
Latin America
3% Africa
2%
CIS 1%
New Aircraft demand by Region Total Aircraft demand by New and Converted
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
…taking all of these factors into account and many more
A 20 year aircraft demand and passenger traffic forecast
Airlines
• Business Models • Operations • Competition • Geopolitics
Trends Analysis
• Consumer & Travel Surveys
• Tourism • Migration • Traffic flows • Passenger demands
Governments & Regulators
• Liberalization/ deregulation
• Investments and constraints
• Geopolitics
Network Development
• Route planning • Origin and
destination demand • Population centers
Traffic
• Economics and Econometrics
• Fuel costs • Yields • Load Factors • Trade and Value of
Goods
Fleet trends
• Aircraft economics • Utilization • Fleet age and
retirements
Market Research Forecast
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
>200.000 O&D city pairs
>10.000 country pairs
157 global traffic flows
>1.000.000
O&D city pair routings
Macro traffic forecast Micro network forecast
Details behind the forecast
© AIRBUS S.A.S. All rights reserved. Confidential and proprietary document.
Summary
0
2
4
6
8
10
12
14
RPKs
0
5
10
15
20
25
30
Aircraft Demand
20 Year Aircraft Demand
(Thousands)
2031 RPKs
(Trillions) Africa CIS Latin America Middle East North America Europe Asia-Pacific World
980 Aircraft 1,240 Aircraft 2,110 Aircraft 1,960 Aircraft 6,200 Aircraft 5,840 Aircraft 9,870 Aircraft 28,200 Aircraft
3% of 2031 World RPKs
4% of 2031 World RPKs
5% of 2031 World RPKs
11% of 2031 World RPKs
20% of 2031 World RPKs
24% of 2031 World RPKs
32% of 2031 World RPKs
>12 trillion RPKs in 2031
Traffic by
domicile:
Asia-Pacific
Europe
North America
Middle East
Latin America
CIS Africa
Source: Airbus