Industry Analysis & Industry Trends
The Global Airlines industry has taken off over the past five years. Airlines have exhibited positive growth since 2010. As unemployment has declined in developed economies and disposable income has risen in emerging economies, vacation and discretionary travel spending has increased. In addition, the number of business travelers, who usually pay a premium for tickets, has increased over the past five years as corporate profit has risen, which has bolstered businesses' travel budgets. Over the five years to 2020, passenger numbers are expected to rise as income levels increase worldwide and business spending ramps up. Travelers from fast-growing emerging economies will especially benefit the industry.
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Industry SWOT Analysis
The Global Airlines industry is in the mature stage of its life cycle. Over the 10 years to 2020, industry value added, which measures an industry's contribution to the economy, is forecast to grow at an annualized rate of 2.0%. World GDP is expected to grow at an annualized rate of 3.8% over the same period, indicating that the industry is growing at the same rate as the economy as a whole. Generally, the airlines industry in developed countries is in the mature stage of its life cycle, while the same industry is in the growth phase of its life cycle in Asia, Africa and the Middle East.
The number of industry enterprises is anticipated to decline considerably as the industry enter a mature phase in China, the Middle East and Asia... read more