2021 Aviation’s Year of Recovery- Get Ready To Enjoy A Remarkable Year of Growth
Despite everything that has been thrown at the aviation industry in 2020 there is much to look forward to in 2021 as the last few hours of the year wind down and we take a few minutes to reflect on a crazy year. Good times are returning, and about time too
When you reflect on what has happened in the last twelve months then perhaps the aviation industry, travel and tourism and all the associated supply chains had in some places become slightly complacent as the chart below may show. For the last twenty-year, global capacity has grown steadily, new city pairs have been added and air fares continued to stimulate extraordinary demand and market stimulation. Record aircraft orders, deregulation, cheap oil prices, increased leisure time, Airbnb, digital sales, emergent markets and second homeowners helped create some of the most profitable years ever for airlines. Or did it…….
View full article here