The CAAC, in its 12th five-year development plan (2011-2015) submitted to the National Development and Reform Commission for approval, forecasts an annual increase of 13% in traffic over the next five years to 2015 - nicely ahead of a projected annual increase of 11% in capacity over the same period. This would mean the nation’s carriers are expected to handle around 500 million passengers p/a in 2015, representing massive growth of 262% in the decade between 2005 and 2015, and enjoy rising load factors and, most likely, yields over the medium term.