Demand for air transport set to increase by 4.3% on average, says Loke

The Star

Demand for air transport is expected to increase by an average of 4.3 per cent annually over the next 20 years due to a rebound in the airline industry, said Transport Minister Anthony Loke.   He said this would create 15.5 million direct job opportunities and contribute US$1.5tril to the global gross domestic product by 2036.   WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

Transcript

00:00Air Transport Connectivity plays a vital role in ensuring the seamless flow of goods, people

00:18and ideas across borders, which in turn support the global economy.

00:24Over the next 20 years, the demand for air transport is expected to increase by an

00:30average of 4.3% annually, creating 15.5 million direct jobs and contributing

00:37to US$1.5 trillion to the global GDP by 2036.

00:44As of 2024, we have witnessed a remarkable rebound in the airline industry, with many

00:51regions surpassing pre-pandemic air traffic levels.

00:54Connectivity to Asia-Pacific regions, for example, is expected to be fully restored

01:00by the end of this year.

01:02We are anticipated to see a year-on-year increase of 10.4% in total passenger numbers globally

01:10for this year.

01:11Here in Malaysia, we have seen similar growth.

01:15Our aviation sector is set to experience a 4% growth in overall passenger movement.

01:21Driven by freight expansion and the return of foreign airlines.

01:27In August, we recorded 8.7 million passengers, marking a robust 12.7% increase from the

01:35previous year.

01:37The Asia-Pacific region will remain ICAO's fastest-growing air transport region through

01:422035.

01:45In terms of air cargo, we expect a 6% to 6.6% year-on-year growth for 2024, amounting to

01:53roughly 20 billion freight-ton kilometres.

01:57This growth is driven by factors such as the recovery in China, an upturn in the global

02:02technology cycle, and economic stabilisation.

02:07Malaysia's aviation sector is not only recovering, but also preparing for the future.

02:13We recognise the importance of enhancing both operations and the passenger experience at

02:18our airports.

02:20As we gear up for significant events like ASEAN Chairmanship 2025 and Visit Malaysia

02:26Year 2026, we are prioritising customer experience and comfort to ensure seamless travel.

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