Growth Coming Despite Anticipated Economic Slowdown
Despite its recent economic slowdown, air travel demand in China remains high and the country is expected to become the world's largest air travel market by 2020, according to North Carolina-based procurement intelligence firm Beroe Inc. Meanwhile, global airline prices are expected to grow by 2.6 percent with an increase in oil prices, competitive pressure from the shortage of pilots, potential trade wars, and increasing fare segmentation to improve yield.