Investigation in Passenger Air Traffic: Opportunities for Companies

Giovanni Ossola,Elisa Giacosa,Guido Giovando

doi:10.5923/j.mm.20120204.07

Abstract

Th is study ascertained that the air transport sector is still o f interest for the firms that choose to operate in it, despite the global economic crisis. It can be stated that there is a relationship between the economic trends of a continent and the trends in the passenger air transport sector. This relationship varies according to the geographical area considered. The emerging countries are those that are most affected by the increase in the demand for passenger air transport: of the emerging economies, the Middle East has the highest ratio of growth in passenger air traffic to gross domestic product growth. In addition, we identified the continents with an attitude to attract investments in creating large airport infrastructures. The Asian airports had the highest capacity to attract investments for large airport infrastructures, due to a phase of expansion of its air transport market. In contrast, Europe and A merica exh ibited a low attitude to attract investments in creating big airport infrastructures: in these continents, air transport market demand is in a maturity phase.

Highlights

Air t ransport is a tool for facilitating trade within a country or between several countries and, for promoting their develop ment
In considering RQ1, one can relate the trends in market demand with the economic trends of an area to verify whether the latter influences the demand for air transport
The forecasts for market demand for world air transport during the period 2009-2029 are shown below co mpared with the trends in the gross domestic product (Table 1)

Summary

Introduction

Air t ransport is a tool for facilitating trade within a country or between several countries and, for promoting their develop ment. The air transport sector has been recently affected by profound changes connected with market deregulation, which has favoured the entry of new competitors into the passenger and cargo transport market, includ ing both large players and low-cost operators. We aim to analyse whether the economic trends of a continent influence the passenger air transport demand in that geographical area. We identified the continents characterised by a mo re intense level of reactivity in terms of passenger air traffic demand than that of the gross domestic product. These continents are those of greatest interest for the firms operating in the air t ransport sector, since they are characterised by a greater increase in market demand

Objectives

Results

Conclusion