Launceston Airport (IATA: LST, ICAO: YMLT) is a regional airport on the outskirts of Launceston, Tasmania. The airport is located in the rural area of Western Junction 15 km (9.3 mi) from Launceston city centre. It is Tasmania's fastest growing airport, and the second busiest in the state, after Hobart International Airport; it can also run as a curfew free airport. In the 2007/2008 financial year, the airport had a record 1.1 million passengers, up 10% on the previous year; 255,000 passengers passed through the airport in the three months to 30 September, up 7% on the previous year. 309,000 passengers passed through in January – March 2008, the highest ever number in a calendar quarter, up 11% on the previous year. It is currently Australia's 13th busiest airport, handling 1,126,572 passengers in the 2008–09 financial and 1,124,000 million passengers in the 2009–10 financial year. The total number of passenger movements through Launceston Airport is projected to increase annually by 2.7 per cent during the forecast period to 2,000,000 million in 2030–31. The expected growth rate reflects slower forecast longer term economic growth in Australia, the maturation of the impact of low-cost carriers on passenger movement growth and an expected increase in domestic airfares.