World Airline Industry forecasts recovery in 2010

Posted on 15. Sep, 2009 by in Airlines, Blog

Global industry players are predicting a recovery for the world’s airlines in 2010. They came to this consensus at the Global Strategy Summit that met yesterday (14 SEP 09) in Beijing.

“The global economy is recovering slowly now. China and other Southeast Asian countries are leading the recovery and the US is expected to start recovery in the second half of 2009, while Europe and Japan are lagging behind. So we expect the air transport industry to post positive growth in 2010,” Boeing Commercial Airplanes VP-Market and Value Analysis Fariba Alamdari predicted at the event (ATWOnline, Sept. 10).

Based on a gradual economic recovery they think that the Airline industry will follow. Peak capacity is not expected to be reached for another 2 to 3 years. Emerging markets in Southeast Asia, South America and Africa are leading the way.

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