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Boeing Current Market Outlook 2008-2027

04:41, Posted by PaddockSpy-Grand Prix Blog, No Comment

The Transformation of Air Transport

Air transport is in a highly dynamic period. Challenges include a slowing world economy, high oil prices, and in some markets, slowing traffic growth. Current Market Outlook 2008-2027 is rooted in today's realities. It goes on to show how air transport will be transformed over the next 20 years.

Resilience

Over the past 20 years, air travel grew by an average of 4.8 percent each year. This was despite two major world recessions, terrorist acts, the Asian financial crisis of 1997, the severe acute respiratory syndrome (SARS) outbreak in 2003 and two Gulf wars. During 40 years of producing the Current Market Outlook, we have learned that the resilience of air transport growth comes from its intrinsic importance to the livelihood of people around the world.

On average over the next 20 years, passenger travel will grow at 5.0 percent and cargo at 5.8 percent. The fastest growing economies will lead the transformation into a more geographically balanced market. More productive, new airplanes will play a greater role, and there will be relentless pursuit of further environmental progress.


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