OAG, one of the market leaders in aviation intelligence, has announced the key findings of its ‘What is shaping air travel in 2015?’ trends report. This detailed analysis of the global aviation sector reveals that low jet fuel prices, the continued rise in demand for outbound travel from China, aviation reforms in India and the opportunities and challenges for air transport in Africa will be among the major industry issues in 2015.
Lower jet fuel prices
MarkClarkson, business development director ASPAC, OAG said, “While it is being reported that lower fuel prices are good news for airlines and their passengers, there is the possibility that these low prices reflect weaker demand in the global economy, in which case we could be at the top of the commercial aviation business cycle.” OAG’s 2015 Trends Report shows that the jet fuel price dropped by 20 per cent compared to a year earlier, resulting in a saving of US$ seven billion on the fuel bill for the global airline industry in 2014.
The prized Chinese tourist
Chinese outbound travel will remain a hot topic in 2015 as demand for air transport continues to rise. Since November 2013, 19 new Chinese airlines have commenced service or are in the planning stages. Even at six per cent passenger growth each year, the Chinese travel market would double every 12 years. Many of the largest markets for travel to and from China are within North East Asia, and the number one market is South Korea. The number of passengers flying between China and South Korea grew by 39 per cent ?in the year to September 2014. The combination of Malaysia Airlines’ two hull losses and civil unrest in Thailand prompted the much courted Chinese tourist to stay away from the Malaysia-Thailand-Singapore area, with visitor numbers down by 30 per cent. Zero growth in these markets comes at a time when total international passengers from China grew by 19 per cent in September 2014, according to OAG Traffic Analyser.
23/12/14 Financial Express
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Lower jet fuel prices
MarkClarkson, business development director ASPAC, OAG said, “While it is being reported that lower fuel prices are good news for airlines and their passengers, there is the possibility that these low prices reflect weaker demand in the global economy, in which case we could be at the top of the commercial aviation business cycle.” OAG’s 2015 Trends Report shows that the jet fuel price dropped by 20 per cent compared to a year earlier, resulting in a saving of US$ seven billion on the fuel bill for the global airline industry in 2014.
The prized Chinese tourist
Chinese outbound travel will remain a hot topic in 2015 as demand for air transport continues to rise. Since November 2013, 19 new Chinese airlines have commenced service or are in the planning stages. Even at six per cent passenger growth each year, the Chinese travel market would double every 12 years. Many of the largest markets for travel to and from China are within North East Asia, and the number one market is South Korea. The number of passengers flying between China and South Korea grew by 39 per cent ?in the year to September 2014. The combination of Malaysia Airlines’ two hull losses and civil unrest in Thailand prompted the much courted Chinese tourist to stay away from the Malaysia-Thailand-Singapore area, with visitor numbers down by 30 per cent. Zero growth in these markets comes at a time when total international passengers from China grew by 19 per cent in September 2014, according to OAG Traffic Analyser.
23/12/14 Financial Express
