Airbus: Traffic involving Spain to grow at 3.1% annually over the next 20 years
Madrid, Spain – November 7, 2014 (STAT): – Air traffic involving Spain will double by 2033 compared to 2013 according to the latest Airbus Global Market Forecast. This includes domestic as well as international travel to and from the country. Madrid and Barcelona will join the group of aviation megacities by 2033 with major traffic flows connecting to/from Latin America.
Domestic and international traffic to/from and within Spain will grow by 3.1% on average annually over the next 20 years. To service the Spanish market there will be a demand of nearly 1,350 aircraft by 2033 including both domestic and foreign carriers. This demand is driven by the strong need to satisfy growth and replacement of older aircraft with more fuel efficient jets.
At the end of October 2014, the Airbus in-service fleet in Spain was 207 aircraft (50 wide-body and 157 single-aisle aircraft) with 88 more aircraft yet to be delivered including eight A350 XWBs.
Globally, in the next 20 years (2014-2033), according to Airbus’ Global Market Forecast, passenger traffic will grow annually at 4.7% driving a need for around 31,400 new passenger and freighter aircraft (100 seats and above) worth US$4.6 trillion. The passenger and freighter fleet will increase from today’s 18,500 aircraft to 37,500 by 2033, an increase of nearly 19,000 aircraft. Some 12,400 older less fuel efficient passenger and freighter aircraft will be retired.