This year's global airline revenue is expected to land near the 2020 total, a disappointing outcome for a year that began with optimism for a faster travel rebound based on the arrival of Covid-19 vaccines. ...Nov 9, 2021
How much is the airline industry growing?
For instance, revenue in the global aviation industry grew at a compound annual growth rate of around 5.3 percent between 2009 and 2019, reaching 838 billion U.S. dollars in 2019.
Is there a future in aviation?
The air transport industry is expanding and the future of aviation is a bright one. ... The aviation sector is growing fast and will continue to grow. The most recent estimates suggest that demand for air transport will increase by an average of 4.3% per annum over the next 20 years.
Is aviation a good career choice?
Aviation is a fun and exciting career path, but comes with a specific lifestyle. A career in aviation comes with the inability to be home for extensive periods of time, including holidays. However, aviation offers a great lifestyle for young adults or singles who want to travel the world.
Will airline pilots be needed in the future?
The demand for pilots will be at an all-time high over the next 20 years, according to some industry experts. ... Europe comes in second, demanding about 100,000 new pilots and North America should require about 70,000 new pilots over the next 20 years.Jun 26, 2021