Industry Analysis & Industry Trends
Revenue for the Global Airlines industry grew in line with a strengthening global economy over the five years to 2014. Over the next five years, industry revenue is expected to increase as income levels increase worldwide and business spending ramps up. Travelers from fast-growing emerging economies will especially benefit the industry... read more
Most of the world's passenger traffic centers around Asia, Europe and North America, with each accounting for just about one-third of the world's airline traffic. According to the International Air Transport Association (IATA), China has the fastest-growing major domestic market. However, the Middle East has the highest growth of international passenger traffic over the past decade: in 2015, Middle Eastern carriers account for 5.0% of total passenger traffic, according to IATA.
The Asia region, which includes North Asia, Southeast Asia, India, Central Asia and Oceania, generates about 33.0% of revenue. Strong economic growth in this region is fueling demand for air travel as wealth increases... read more