Fleets serving Australia South Pacific to almost double by 2033

The passenger aircraft fleet serving the Australia South Pacific region will grow from some 700 aircraft today to over 1,200 by 2033, with a doubling in the number of widebody aircraft. With aviation growth comparable with other mature markets such as North America and Europe, the region has the world’s highest propensity to travel per capita. Airbus’ Global Market Forecast (GMF) shows international traffic serving the Australia South Pacific region will grow annually at 4.5%. Traffic to and from neighbouring developing markets will grow even quicker with traffic to Asia growing at 5.1%, Latin America 6.2%, Africa 6.3% and the Middle East 5.4%, which are all well above the world average (4.7%). While the fleet serving the region will increase by 70%, widebody aircraft will more than double from some 290 today to over 640 by 2033. In 20 years, the passenger fleet serving the region will increase by nearly 500 aircraft (146 single aisles like the A320 and A320neo and 353 wide-bodies from 250 to over 500 seats such as the A330, A330neo, A350 XWB and the A380). The region’s propensity to travel (over three trips per capita) is almost double that of North America and it will remain the world’s highest at over four trips per capita by 2033. Domestically, traffic to and from Australia’s busiest airports, (Sydney, Melbourne, Adelaide, Brisbane and Perth) is set to double with an additional ~90 million passengers a year by 2033. Today, some 70% of international traffic is within the wider Asia Pacific region including China (PRC) and this is set to grow as it becomes home to 40% of the world’s GDP by 2033. The PRC is Australia’s single biggest export market and increased air links will fuel business and tourism between the two. Today, Chinese travellers indicate Australia among their top destinations. Forecasts for Australian inbound tourism generally suggest nearly 10 million visitors a year by 2022. Today, 99.7% of these tourists arrive by air, and in the future will increasingly arrive on aircraft like the A330neo and for denser routes the A350 XWB and A380.

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