The global airline industry market is estimated to grow at an optimistic assessment of 25.5 per cent from 2022 to 2027. This projected estimation by the aviation industry stalwarts is due to various reasons such as the rising disposable income of travellers, a rapidly growing middle class who are able to afford holidays by air, low-cost carriers and increased travel demand. One of the biggest reasons for a positive forecast is a hopeful belief that the jet fuel process will remain comparatively stable over this period and will allow the airlines to levy surcharges and earn additional revenue from passenger and freight transport.
The market for the commercial airline division is subdivided into two major categories; passenger aircraft and freight aircraft. The passenger airline division is further divided into domestic and international. The domestic segment is expected to be the fastest-growing segment in the market from 2022 to 2027. The pandemic wreaked havoc and due to a global shutdown, this industry suffered losses of gigantic proportions; however, since most countries have opened up their borders to world travellers, the domestic and international airline markets are seeing a heartening upswing in their sales and profit and loss statements. Low plane fares, rising standards of living, addition, and development of the fleet, increased demand for fuel-efficient aircraft, state-of-the-art aviation technology, and a rise in the number of air travellers are driving this trend.
From 2022 to 2027 the freight aircraft segment is expected to be the fastest-growing segment and will ensure the prompt shipment and freight deliveries compared to other alternative options. Furthermore, additional factors like cool-chain technology, using robots, advanced top-of-the-line automated systems, artificial intelligence, and much more, are likely to propel this segment forward into making profits in the forecast period.
Denne historien er fra December 2022-utgaven av Business Traveller India.
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Denne historien er fra December 2022-utgaven av Business Traveller India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Magistracy Dining Room
The Magistracy Dining Room honours tradition while delivering a contemporary, inclusive take on the finest British fare
Taverne at Frankfurt Airport Marriott Hotel
Taverne perfectly captures the spirit of Gemütlichkeit - a place where warmth, comfort, and community come together seamlessly
Ronil Goa - JdV by Hyatt
The JdV brand's promise to celebrate the joy of life is personified and highlighted throughout the hotel
Kowloon Shangri-La, Hong Kong
Notable highlights included an eco-friendly filtered water dispenser to minimise single-use plastics, a modern bathroom with a separate shower and access to the Horizon Club Lounge
Pullman Singapore Orchard
I was treated to a superior level of comfort, service, and amenities, making my stay truly exceptional
ÉS Bisztró at Kempinski Hotel Corvinus Budapest
I left feeling satisfied, yet eager to return and explore more of the menu's culinary wonders
Grand Hyatt Hong Kong
The lobby is a stunning homage to the glamour and sophistication of the Art Deco era
Kollázs at Four Seasons Hotel Gresham Palace Budapest
As my first visit to Budapest, Kollázs came highly recommended, so it was the natural choice for my inaugural dinner in the city
JW Marriott Singapore South Beach
A design-driven landmark ensconced between three heritage buildings and two new hotel blocks at Marina Bay
The Singapore Edition
From the boardroom to the bedroom, The Singapore EDITION seamlessly integrates style, comfort, and service, making it my ultimate home away from home.
