Global air travel continues to grow
Air travel has soared in the past decade, despite global economic turbulence, and there’s still plenty of room for growth, particularly in China and the other emerging Asian powerhouses, according to IATA. From 2005 to 2015, air travel grew more than in any 10-year period since 1975 to 1985, says Brian Pearce, IATA’s chief economist. Air travel typically responds to the health of the global economy, but the past few years have been something of an exception, Pearce says. While there was a dip during the 2008-09 recession, growth in air travel has been strong ever since. Pearce attributes this to a number of factors. The fall in oil prices has been a stimulus, pushing down the cost of travel. There also has been a rise in connections, and there have been “a lot of new entrant airlines in Asia, which have also helped push fares down.” <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-09-20/general/global-air-travel-continues-to-grow
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Global air travel continues to grow
Air travel has soared in the past decade, despite global economic turbulence, and there’s still plenty of room for growth, particularly in China and the other emerging Asian powerhouses, according to IATA. From 2005 to 2015, air travel grew more than in any 10-year period since 1975 to 1985, says Brian Pearce, IATA’s chief economist. Air travel typically responds to the health of the global economy, but the past few years have been something of an exception, Pearce says. While there was a dip during the 2008-09 recession, growth in air travel has been strong ever since. Pearce attributes this to a number of factors. The fall in oil prices has been a stimulus, pushing down the cost of travel. There also has been a rise in connections, and there have been “a lot of new entrant airlines in Asia, which have also helped push fares down.” <br/>
