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Vision 2050 represents IATA’s long term vision for the air transport industry. There is no questioning the criticality of the industry for the global economy, supporting 32 million jobs across the globe and $3.5 trillion in economic activity. And the industry is growing. By 2050, it is estimated that some 16 billion passengers and 400 million tonnes of freight will need to be flown yearly.

However,  with historical margins of 0.1% over the last 40 years, the industry faces enormous challenges, including financial sustainability. To prepare the industry for the future, IATA is working on an ambitious plan, Vision 2050, based on four pillars.

Vision 2050 pillars

• Structuring for profitability
• Sufficient and efficient infrastructure
• Sustainable technology to power the industry
• Capability to meet the needs of the customer of the future

Giovanni Bisignani's Vision 2050 speech
Video highlights of Vision 2050 announcement at Annual General Meeting 2010

The process is launched: Singapore

Vision 2050 first meeting took place in February 2011 in Singapore. It was attended by some 35 strategic thinkers from around the world, representing all stakeholder groups, including governments, regulators, airlines, manufacturers, technologists, financiers, airports, air navigation service providers, labor and consumers.

See the outcome of this meeting 

The conclusions of this meeting were presented at IATA’s Annual General Meeting that took place in June 2011 in Singapore.

View full Vision 2050 report (pdf)