Asia Accounts for 33% of Global Passenger Traffic in 2015

Date: 2015-08-13

World air travel grew has been increasing, registering almost 5% y-o-y growth in January 2015, as most countries are emerging from the economic recession and registering improved economic growth. An overall positive outlook is predicted for the global aviation industry in the coming years, as carriers benefit from falling fuel prices and increased consumer demand. However the lower operational costs would not benefit the consumers, since prices are expected to remain stable, as carriers aim to reinvest profits. 

Mature aviation markets of US and Europe are facing intense competition from emerging markets, especially Asia which accounts for 33% of global passenger traffic. However, recent airline disasters have brought on many safety concerns, especially for Asian low-cost carriers.

The report ‘Global Aviation Sector Analysis’ highlights key dynamics of Global aviation sector. The growing opportunity in the sector has been investigated along with capturing initiatives and performance of key stakeholders in the sector. Regional analysis has also been included to highlight the performance of those markets. The report contains latest industry-related opinions.

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