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IATA’s Industry Afairs Committee (IAC), a group of 20 airline heads of government afairs, commissioned this study with the aim of anticipating the key risks and opportunities global commercial aviation will face between now and 2035. The Committee had three specific goals in mind when commissioning this study:
Feb 15, 2023 · The commercial aviation industry is facing an uncertain future with arguably more unknowns ahead than at any point in its history. In this environment, airline operators may find it more difficult than ever to forecast the demand for air travel. That, in turn, makes it challenging for manufacturers to confidently predict the long-term market ...
Feb 4, 2022 · Here are some of the ways the future of air travel is expected to change: 1. Hydrogen-powered planes. Aviation is currently responsible for 3.6% of the EU's greenhouse gas emissions due to the ...
Jul 18, 2024 · Advanced Air Mobility: Shaping the Future of Aviation 20. World Economic Forum 91–93 route de la Capite CH-1223 Cologny/Geneva Switzerland Tel.: +41 (0) 22 869 1212
- Leisure Trips Will Fuel The Recovery
- We Will See A Greater Disparity of Performance Among Airlines in The Future
- Aircraft Markets May Be Oversupplied For Some Time to Come
- Air Freight Will See Undersupply For Some Time
Business travel will take longer to recover, and even then, we estimate it will only likely recover to around 80 percent of prepandemic levels by 2024. Remote workand other flexible working arrangements are likely to remain in some form postpandemic and people will take fewer corporate trips. In previous crises, leisure trips or visits to friends a...
Some airlines have responded to the pandemic by restructuring for greater efficiency; others are merely muddling through. Occasionally, this is linked to state-aid programs, which may reduce the incentive for much-needed measures such as cost, organizational, and operational restructuring. Airlines that are not proactively transforming risk failing...
In the years before COVID-19, aircraft OEMs ramped up production in the anticipation of continued growth. This has led to a glut in aircraft availability. Furthermore, some carriers have returned relatively new aircraft to lessors, such as Norwegian Air Shuttle when it exited the long-haul market. Prices for used-aircraft leases have plummeted and ...
Over the past ten years, low cargo rates and the unprofitability of the cargo business have led many airlines to relinquish or scale back their dedicated cargo freighter fleets. However, cargo has been a lifeline for the aviation industry during COVID-19. Before the pandemic, cargo typically made up around 12 percent of the sector’s total revenue; ...
Jul 14, 2022 · The commercial aerospace sector has shown incredible resiliency and continues to rebound from the pandemic, even among global challenges such as elevated inflation, the spread of COVID-19 variants and geopolitical unrest. By the metric of revenue passenger kilometers across the industry, global passenger traffic for air travel in 2021 recovered ...
Jul 17, 2024 · Current market conditions in commercial aviation will promote continued MRO growth from 2024 through 2034, when it will reach a value of about $135 billion in constant 2024 dollars (Exhibit 3). During the first few years, MRO revenues will rise primarily because of the high demand for maintenance on older fleets.
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