Strategy, Enterprise Data And Analysis

Strategy, Business Information and Analysis

Strategy, Business Information and Analysis

Introduction

Air transport remains an important and growing industry. Facilitating economic growth, world trade, investment and international tourism and therefore essential for the globalization taking place in many other industries.

In the last decade, air transport has grown by 7% per year. Travel for business and leisure purposes grew strongly throughout the world. Scheduled airlines carried 1.5 million passengers last year. In the leisure market, the availability of large aircraft like the Boeing 747 made convenient and affordable for people to travel more new and exotic destinations. The governments of developing countries realize the benefits of tourism to national economies and stimulated the development of resorts and infrastructure to attract tourists from the prosperous countries of Western Europe and North America. As the economies of developing countries grow, their own citizens are already becoming the new international tourists in the future.

Business travel has also increased as companies increasingly international in terms of its investments, supply and production chains and their customers. The rapid growth of world trade in goods and services and international direct investment have also contributed to the growth of business travel.

Worldwide, IATA, International Air Transport Association, the international air traffic forecasts will grow an average of 6.6% per year until the end of the decade and more than 5% per year from 2000 to 2010. These rates are similar to those of the past ten years. In Europe and North America, where the air transport market is already well developed, lower growth of 4% -6% is expected. The most dynamic growth centers in the Asia / Pacific, where they meet the rapidly growing trade and investment with rising national prosperity. Air transport in the region has risen to 9% per year and is expected to continue growing rapidly, despite the Asian financial crisis in 1997 and 1998 put the brakes on growth for a year or two. In terms of passenger trips in total, however, the main air travel markets of the future will remain in and between Europe, North America and Asia.

Airline profitability "is closely linked to economic growth and trade. During the first half of the decade of 1990 the industry was not only the global recession, but the trip was further depressed by the Gulf War. In 1991 The number of international passengers fell for the first time. The financial difficulties were exacerbated by airlines excess aircraft orders in the boom years of late 1980, resulting in a significant surplus capacity in the market. the IATA member airlines suffered cumulative net losses of $ 20.4bn in 1990 to 1994.

Mergers and alliances have also performed a famous function in the airline commerce this year. Several countries have assisted to the corresponding 'open skies' pacts over the Pacific, which will simplify worldwide aviation accords by decreasing the number of negotiations made between countries. In November 2000, the US marked the first multilateral aviation affirmation of this kind with Brunei, Chile, New Zealand and ...