The International Air Transport Association says airline travel will jump to 3.3 billion passengers by 2014 as Asia leads an industry expansion.

IATA Chief Executive Giovanni Bisignani said Monday at a news conference in Singapore that Asia will likely account for 45 percent of the 800 million increase in air travelers between 2009 and 2014.

Bisignani said he expects China to be the fastest growing market for international passengers, followed by United Arab Emirates, Vietnam and Malaysia.

Bisignani reiterated that the global airline industry will likely earn $9.1 billion this year from $15.1 billion last year as higher fuel costs eat into profits.