Up, Up and Away: Air Travel to Increase Worldwide
Despite sharply higher oil prices and ongoing concerns about terrorism, air travel has increased worldwide over the past year, and is expected to continue its upward momentum over the next few years.
According to the International Civic Aviation Association, international air travel has fully rebounded from slumps brought on by 9/11, the SARS outbreak and the Iraq war, and is expected to keep growing by between 6 and 7% into 2007. The Middle East is expected to see the most rapid rate of growth.
Strong regional economies, combined with a lower cost of air travel overall, are contributing to the growth in air travel.
Source: CNN.com
According to the International Civic Aviation Association, international air travel has fully rebounded from slumps brought on by 9/11, the SARS outbreak and the Iraq war, and is expected to keep growing by between 6 and 7% into 2007. The Middle East is expected to see the most rapid rate of growth.
Strong regional economies, combined with a lower cost of air travel overall, are contributing to the growth in air travel.
Source: CNN.com
posted by Brian on
8/01/2005
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