Airports: The correlation between GDP growth and the increase in airline passengers. A flash analysis.
The relationship between GDP growth and air traffic development is the main driver in forecast models and therefore draws a lot of attention. It is generally acknowledged that the number of passengers at airports around the world grows at a rate of about 1.5 times that of worldwide GDP. But how true is this assumption nowadays? Does this coefficient change over time? What differences are there on a regional level?
Published: January 2017