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Widebody world: growth / replacement trends — October 2018

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In the past ten years since the global financial crisis the airline industry has been performing strongly. Total traffic demand since 2008 has grown at an average annual rate of 6% in RPK terms (and slightly less in the numbers of passengers), capacity by just over 5% and passenger load factors have risen from 76% to 82%. In the past five years, there has been an acceleration in growth rates: since 2013 demand has averaged an annual growth rate of 7%.

All this appears a little above the long term trend (depending on how you work it out) of 4.5%-5% pa growth.


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