Growth in World passenger market
Growth of passengers is rapidly growing in the emerging markets compared to the growth in the developed economies. The speed of growth in the recent quarter has decreased from the developed economies and their government stimulus reducing to Boeing Company.
There have being consecutive years of weak growth due to poor business and marketing, and the company is determined to rectify it by considering perfecting structural reforms
Annual growth has slowed to around 1% since 2008
Boeing Company has expanded into new markets and added new destinations are hence improving the network growth among passengers globally.
Freight-trends and developments
There have being developments of new domestic and regional routes in emerging aviation markets increasing the revenue streams
Delivery of new and more efficient long-range airplanes in terms of size is enabling the planes to match the market demand
Development of commercial aviation technology whose goal is to expand areas of operation
Numerous developments in engine technology that correspondingly reduce fuel use and improve payload capabilities
Air Transport- challenges and global issues
Volatile exchange rates among the emerging markets reducing their purchasing power
Modern expensive technology of the engines designs
Numerous uncertainties such as recessions in some economies and slow recovery in others
Slow economic growth leading to financial instabilities
The Middle East Market
Middle East market is among the emerging markets, and it continues to grow faster globally
Middle East markets have double digit traffic growth compared to other markets like The United States
Fast growth in the Middle East compared to other emerging markets like India and Brazil
The Middle East has stable exchange rates that help increase traveller’s purchasing power though there has been short-term volatility in the Middle East due to special events such as Middle East unrest.
