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Article: Global Air Travel Market to Reach 5.9 Trillion RPKs by 2015, According to New Report by Global Industry Analysts, Inc.(Industry overview)
- Article from:
- PRWeb
- Article date:
- June 25, 2009
CopyrightCOPYRIGHT 2009 COMTEX News Network, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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San Jose, CA, Jun 25, 2009 (PRWeb.com via COMTEX) -- Air travel has become a vital part of human life owing largely to reduction in global barriers and continuous technological advancements. Over the years, air travel witnessed a plethora of technological advancements such as supersonic jets, intercontinental non-stop service, space travel, and jumbos. Since the beginning of 21st century, air travel, historically considered as a luxury, has emerged as an economic requirement. Currently, the world air traffic is registering sluggish growth owing to unfavorable global economic factors and fluctuating jet fuel prices. Though a drop in fuel prices in the fourth quarter of 2008 ...
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... ... one of the fastest-growing air travel market in the world, the China ... 1 billion, Xinhua reported. Industry analysts expect that as growing numbers ... budget-conscious people choose air travel. Jetstar Asia and Valuair ...
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