Flying in Flux

The way travelers fly to and through Europe is changing fast and no one knows just how it will shake out
Despite the fact the Eurozone continues to report anemic economic growth, the numbers for the region’s aviation industry gives every indication of a robust near-term outlook. Consider these salient stats:
The International Air Transport Association reports that “European carriers’ international traffic climbed 5.4 percent” in March 2015 compared to the same period the year prior. Seat capacity rose 3.6 percent and load factors, the percentage of seats filled by paying passengers, inched up 1.4 percent to 80.8 percent – the highest tally in comparison to any of the world’s other regions.

Boeing’s Current Market Outlook 2014 – 2033 projects European gross domestic product (GDP) will increase 1.9 percent per year through 2033.

While macroeconomics is a fascinating topic, there are some more proximate calculations of greater interest to the corporate traveler buyer. Even in the face of competition from other Euro-hubs, constrained flight capacity and ascendant Gulf carriers (more on them shortly), London – especially Heathrow – continues to be a prime destination  and transit point for business travelers.

Going Global

Categories: Special ReportGoing Global

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