New Delhi: Global aviation industry has shown "surprising resilience" to terrorism, pandemics and natural disasters, and quickly adapted to the situations mitigating the impact of these crises, a study has shown.
While, the 9/11 terror attacks and the global banking crisis were the only two events that hit the industry hard, the others like Gulf Wars, swine flu and volcanic eruptions did not have much impact on it and the industry was able to recoup itself soon thereafter.
"The analysis shows that global airline capacity has grown on average 3.1 percent per year since 1979, and that air travel is largely immune to regionalised events such as natural disasters, conflicts and fuel price spikes," UK-based aviation intelligence organisation, OAG Aviation, said.
The industry has remained "mostly immune to all but the 9/11 World Trade Center attacks and the Global Banking crisis," it said in its 'World Crisis Analysis Report' released recently.
"In fact, in the vast majority of crises, there was a negligible impact in global airline capacity, and at a regional level capacity dropped less than 4 percent and recovered within three months."
11/05/11 ZeeNews
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