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Article: United States: 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:
- TendersInfo
- Article date:
- June 26, 2009
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Byline: kusumv03
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 provided certain relief ...