TRANSPORT/ Global Aviation Trends

Experts on air transportation state that the industry is about to grow immensely in the coming years. Some markets however report better results than others. Asian carriers face low profits for instance. Discover the latest trends in the aviation industry as well as who the happiest passengers are.


Articles

IATA Passenger Forecast Unveils Rapid Growth air

IATA Passenger Forecast Unveils Rapid Growth

Dan Rang

International Air Transport Association (IATA) projects a rapid rise in the number of air passengers in a 20-year forecast report. The report notes that on average, the demand for air travel connections is set to grow at a pace of 4.1 percent each year. This means that the Association expects a total of 7.3 billion passengers come 2034, a huge leap forward considering that the number of air travelers currently rests at 3.3 billion people per year.  China is a key pillar in this forecast becau...
American Passengers Are the Unhappiest Flyers in the World air

American Passengers Are the Unhappiest Flyers in the World

Gary Diskin

A recent survey conducted at SITA, by the aviation IT specialists revealed that American passengers are the unhappiest flyers in the world. Almost 28% of the American population expressed their dissatisfaction with the travel experiences they had. The people of the Middle East on the other hand turned out to be the happiest, with only 16% of them being dissatisfied. The Europeans were close to the Middle East in terms of travel satisfaction, with a low dissatisfaction rate of 18%. Americans ...
Unusual Economics: Jet Fuel Prices Nose Dive while Airfares Sky Rocket air

Unusual Economics: Jet Fuel Prices Nose Dive while Airfares Sky Rocket

Gary Diskin

Transport industry economics is widely affected by fuel prices. A reduction in the cost of jet fuel should therefore be followed by lower air fares. Associated Press’ air travel analysts however note that this isn’t the case as the cost of boarding a plane in the U.S. has gone up by 10.7 percent in the last five years regardless of the downward swing of jet fuel prices. This means that U.S. airlines obtain additional millions of dollars on a weekly basis since jet fuel form the biggest chunk ...
Asian Airlines Face Low Profits Thanks to Excess Capacity air

Asian Airlines Face Low Profits Thanks to Excess Capacity

Denise Chen

Despite increasing passenger volumes, the Asian airlines are having difficulty breaking even. One of the defining culprits is interestingly the excess capacity. DG Andrew Herdman of AAPA (Association of Asia Pacific Airlines) notes that collectively the Asian airline industry has been just under breakeven in the first half of 2014. Herdman stated at the AAPA annual meeting in Tokyo this year revealed, that revenues were not consistent with volume growth. Consequently the industry saw a drop i...