The Changeable Nature of the Air Transport Markets Essay

Words: 1297
Pages: 6

The Changeable Nature of the Air Transport Markets

Over the last five years the air transport markets were marked by three main crucial events; the economic recession, the rise in fuel prices and terrorism. All these factors had an enormous effect on the passenger market, which included business (network carriers, business focused carriers, fractional ownership and private charters), the leisure industry (network carriers, scheduled carriers and charter carriers) and the cargo market, which is divided in scheduled combination carriers (passenger & cargo and all cargo carrying aircraft) and all-cargo (integrators, airport to airport and charter).
Recessions tended to hit the industry every 6-9 years and last for 2-3 years at a time.
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