Despite the economic hardships--many of which were triggered by 9/11--the numbers are slowly, steadily swinging in the favor of aviation. The U.S. and international economies will expand rapidly over the next two years. Moderate growth thereafter is expected through 2015. That marks a 12-year pendulum that is sure to sway aviation along with it. The large air carriers and regionals/commuters will grow at an annual rate of 4.3 percent over the forecast period. Passenger demand will return to pre- September 11th levels by 2005.1 When all is said and done, the number of passengers will climb above 1 billion by 2014. on business travel returning sufficiently to improve revenue streams. This forecast confirms what the industry has long known: air travel remains the mode of choice for long distance travel, both in the U.S. and abroad. Aviation is faster and safer. This forecast indicates that it will stay that way through 2015.


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    Title :

    FAA Aerospace Forecasts, Fiscal Years 2004-2015


    Publication date :

    2004


    Size :

    298 pages


    Type of media :

    Report


    Type of material :

    No indication


    Language :

    English