Over the next 20 years, we expect world passengers to increase by 3.8% per year on average, resulting in over 4 billion additional passenger journeys in 2043 compared to 2023. Asia Pacific is anticipated to record the fastest growth, contributing to more than half of this increase.
As the region prepares for this surge, airlines must navigate a complex operational environment. They face over 2,300 Ticket Taxes, Fees, and Charges (TTFCs) imposed by governments and other authorities to be collected and settled, and numerous modifications are issued each month. Keeping up with the changes and modifications is time-consuming and can be costly if not reported correctly.
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