1、GLOBAL MARKET FORECAST20252.7%real GDP growth4.8 bnpassengers10.6%RPK growth83.5%load factor$61.9 bnairlines gross operating profitSource:IATA June 2025,S&P Global2024 A strong year for air transportGLOBAL MARKET FORECAST 2025002003GLOBAL MARKET FORECAST 2025Source:IATA Monthly by region of airline

2、domicileAirlines in all regions are at or above 2019 levelsNorth AmericaLatin AmericaWorldEuropeMiddle EastAPACAfricaInternational recovery RPKsDomestic recovery RPKsApril 2025 vs April 2019133%117%114%112%124%111%106%108%116%110%102%112%108%113%Air transport is an essential contributor to the econo

3、my3.9%of World GDP86.5 mn jobsof which 11.6 mn direct jobs$4.1 trtotal economic impactEconomic roleTotal economic impact of aviation10.6%of GDP7.9%of GDP25.1%of GDP6.8%of GDPDominican RepublicIcelandMoroccoThailandSource:Oxford Economics,ATAG December 2024,economic figures are from 2023004GLOBAL MAR

4、KET FORECAST 2025Source:ILO,Oxford Economics,ATAG December 2024,Sabre,Airbus GMF 2025*Revenue Passenger Kilometers where O&D great circle distance 1,000km58%international tourists travelling by air89%*of flown RPK have no convenient alternative155 mnpeople working abroad005GLOBAL MARKET FORECAST 202

5、5Offering safe and convenient connectivity for allCritical for islands and landlocked nations and remote areaAir transport is an essential contributor to society2004(Tr ASK)Source:S&P Global,OAG,Airbus GMF 202553 Emerging economiesGrowing GDP per capita and improving air transport affordability have

6、 democratised air transport006GLOBAL MARKET FORECAST 20252024(Tr ASK)Emerging*economies1.6Other5.3Emerging*economies5.7Other3.4Worldwide capacityAir travel continues to become more accessibleSource:IATA,OAG,Airbus GMF220100750200420142024ASK Index Value(Base Year 2004)160330WorldVietnamVietnamese tr