Six Long-Term Business and Economic Trends That Will Influence the Air Transportation Industry Through 2025
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The airline industry has been subjected to a number of shocks in recent years, ranging from
an economic recession, the September 11, 2001 terrorist attacks, war in the Middle East, and
the Severe Acute Respiratory Syndrome (SARS) epidemic, contributing to several airline
bankruptcies and record losses for the industry. Recent descriptions of an industry in chaos
result from an understandable focus on individual airlines in the near-term. While the effects
on individual airlines (downsizing, bankruptcy) are dramatic and some of the contemplated
changes discussed in this paper (foreign ownership, common aviation markets, virtual travel
concierges) seem revolutionary, they are the continuation of trends that began over a quarter
century ago and will likely continue for the next quarter century.