FAA Aerospace Forecast, Fiscal Years 2010-2030

This years forecast confirms what we already know: Aviation is a business subject to highly volatile and unpredictable external influences. Whether it is the economy, the global political climate or environmental concerns, our industry is affected at every level. The good news is that aviation has shown time and time again that it can adapt and meet those challenges while continuing to provide safe, efficient transportation. This years forecast anticipates that these challenges will remain for at least 20 more years. But it also shows our confidence this industry will not only face these challenges head on, but will thrive. Aviation has been especially hard hit by the turbulence that has rocked our economy. As the economy dipped, airline demand fell sharply. Airlines have tightened their belts, passengers have modified their traveling habits, and our airports have had to adapt. But, economic growth will return along with passengers and increasing operations. We expect to see changes in the industry as it rebounds over the next several years, with international markets growing faster than domestic markets, and large airports growing faster than smaller ones. We also expect the trend toward larger regional jets to continue while most of the smaller regional jets will be retired from the fleet. For the remainder of 2010, we expect that last years trends will continue before the industry turns the corner. But we do expect growth in the longer-term. For the short-term, we will continue to see declines in both domestic and international capacity as carriers respond to the impacts of the economic downturn. The airlines will continue to make adjustments to fleets and operations to match changing demand.

Language

  • English

Media Info

  • Media Type: Print
  • Pagination: 106p

Subject/Index Terms

Filing Info

  • Accession Number: 01155804
  • Record Type: Publication
  • Files: TRIS, USDOT
  • Created Date: Apr 29 2010 12:28PM