There’s a boom in airline travel, and jet makers are making the most of it
Airbus and Boeing are cashing in on unprecedented demand by airlines for new planes, driven by record numbers of passengers taking to the sky. Passenger growth has surpassed industry expectations for several years. Last year, passenger growth hit 7.5%, beating the 5.9% forecast by IATA. Today’s largely synchronised global economic growth is lifting passenger numbers. But the falling cost of air travel, in part thanks to an increase in budget airlines around the world, is also contributing. The surge represents the “most rapid expansion at a global level that we’ve ever seen,” said John Plueger, CE of Air Lease Corp. Traffic growth has historically averaged around 5%, but now looks set to average 6% in coming years. Coinciding with all that new demand, airlines have benefited from several years of relatively low fuel prices. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-02-16/general/there2019s-a-boom-in-airline-travel-and-jet-makers-are-making-the-most-of-it
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There’s a boom in airline travel, and jet makers are making the most of it
Airbus and Boeing are cashing in on unprecedented demand by airlines for new planes, driven by record numbers of passengers taking to the sky. Passenger growth has surpassed industry expectations for several years. Last year, passenger growth hit 7.5%, beating the 5.9% forecast by IATA. Today’s largely synchronised global economic growth is lifting passenger numbers. But the falling cost of air travel, in part thanks to an increase in budget airlines around the world, is also contributing. The surge represents the “most rapid expansion at a global level that we’ve ever seen,” said John Plueger, CE of Air Lease Corp. Traffic growth has historically averaged around 5%, but now looks set to average 6% in coming years. Coinciding with all that new demand, airlines have benefited from several years of relatively low fuel prices. <br/>
