Confident businesses, consumers drive strong air travel demand
Global air travel demand is more robust than expected so far in 2017 because of growing business and consumer confidence, according to IATA chief economist Brian Pearce. Pearce said the passenger traffic demand outlook looks strong for the remainder of the year, although he cautioned that airline profit margins are being squeezed by higher fuel and labour costs. The global economy is “looking fairly positive at the moment,” Pearce said. “In the last 6-9 months, we’ve seen a pretty strong and steady improvement in business confidence, and that’s always good for economic growth. Consumers have been getting confident after hitting a low patch about a year ago. That all adds up to a positive outlook. The industry overall is seeing [2017 passenger traffic] growth of 7%.” <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-05-03/general/confident-businesses-consumers-drive-strong-air-travel-demand
https://portal.staralliance.com/cms/logo.png
Confident businesses, consumers drive strong air travel demand
Global air travel demand is more robust than expected so far in 2017 because of growing business and consumer confidence, according to IATA chief economist Brian Pearce. Pearce said the passenger traffic demand outlook looks strong for the remainder of the year, although he cautioned that airline profit margins are being squeezed by higher fuel and labour costs. The global economy is “looking fairly positive at the moment,” Pearce said. “In the last 6-9 months, we’ve seen a pretty strong and steady improvement in business confidence, and that’s always good for economic growth. Consumers have been getting confident after hitting a low patch about a year ago. That all adds up to a positive outlook. The industry overall is seeing [2017 passenger traffic] growth of 7%.” <br/>
