Key Market Indicators
Chinese air passenger traffic is projected to soar to approximately 1 billion by 2028, up from around 766 million in 2023, representing an annual growth rate of 4.5%. Since 1979, China's air travel demand has consistently increased at an annual rate of 4.6%. In 2023, China ranked second globally in air passenger traffic, trailing only the United States, which also recorded approximately 766 million passengers. Rounding out the top four in the global rankings for 2023, India and Ireland followed China in third and fourth places, respectively.