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Brighter skies ahead for global air passenger demand

While the economic slowdown is weighing on air passenger demand growth in advanced economies, excess savings will continue to allow realisation and prioritisation of some lingering pent-up demand. Domestic passenger volumes are expected to return to pre-pandemic levels this year in a number of markets, including the US. Growth will now be more evident for emerging markets, and notably for China with a clear timeline for re-opening now established and some uptick in outbound travel demand already evident as a result.

Stephen Rooney

Lead Economist

Stephen Rooney

Lead Economist

Stephen Rooney | Lead Economist

 

Stephen manages the Air Passenger Forecast service which offers short- and long-term forecasts of air passenger flow for almost 4,000 routes and total flows for 183 countries, as well as alternative forecast scenarios for strategic decision-making. He has developed and maintained various bespoke forecast models for a range of clients from across the travel and tourism space as well as regularly contributing to the team’s consultancy output.

Stephen holds a First Class Economics with Politics degree from the University of Ulster.

Paulos Ashebir Lakew

Head of Industry Analysis at IATA, S&E Economics.

Paulos Ashebir Lakew

Head of Industry Analysis at IATA, S&E Economics.

Paulos Lakew is the Head of Industry Analysis at IATA, S&E Economics. He is responsible for economic research and forecast development in support of IATA’s stakeholders. Previously, Paulos led Steer Group’s North America Economics market and served as director of the finance and economics practice at Unison Consulting. He oversaw advisory services and provided technical support to aviation and toll road markets on projects involving economic analyses, econometric modeling, and traffic and revenue forecasting. Paulos has supported more than 25 hub airports in the United States with forecast development, strategic planning and economic analyses for various airport improvement programs. Prior to consulting, Paulos was a transportation economist and policy advisor at the California Air Resources Board.

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