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Air transport Industry outlook continues to improve

IATA announced strengthened profitability projections for airlines in 2024 compared with its June and December 2023 forecasts. An aggregate return above the cost of capital, however, continues to elude the global airline industry.

web binoculars-point-view-airliner-contrails-flying  - Credit: Credit Alberto-Masnovo shutterstock  - 2360035407

Outlook highlights include:

  • Net profits are expected to reach $30.5 billion in 2024 ( 3.1% net profit margin). That will be an improvement on 2023 net profits which are estimated to be $27.4 billion ( 3.0% net profit margin). It is also an improvement on the $25.7 billion ( 2.7% net profit margin) forecast for 2024 profits that IATA released in December 2023.
  • Return on invested capital in 2024 is expected to be 5.7%, which is about 3.4 percentage points (ppt) below the average cost of capital.
  • Operating profits are expected to reach $59.9 billion in 2024, up from an estimated $52.2 billion in 2023.
  • Total revenues are expected to reach $996 billion (+9.7%) in 2024—a record high. 
  • Total expenses are expected to reach $936 billion (+9.4%) in 2024—a record high.
  • Total travelers are expected to reach 4.96 billion in 2024—a record high.
  • Total air cargo volumes are expected to reach 62 million tonnes in 2024.

“In a world of many and growing uncertainties, airlines continue to shore-up their profitability. The expected aggregate net profit of $30.5 billion in 2024 is a great achievement considering the recent deep pandemic losses. With a record five billion air travelers expected in 2024, the human need to fly has never been stronger. Moreover, the global economy counts on air cargo to deliver the $8.3 trillion of trade that gets to customers by air. Without a doubt, aviation is vital to the ambitions and prosperity of individuals and economies. Strengthening airline profitability and growing financial resilience is important. Profitability enables investments in products to meet the needs of our customers and in the sustainability solutions we will need to achieve net zero carbon emissions by 2050,” said Willie Walsh, IATA’s Director General.

“The airline industry is on the path to sustainable profits, but there is a big gap still to cover. A 5.7% return on invested capital is well below the cost of capital, which is over 9%. And earning just $6.14 per passenger is an indication of just how thin our profits are—barely enough for a coffee in many parts of the world. To improve profitability, resolving supply chain issues is of critical importance so we can deploy fleets efficiently to meet demand. And relief from the parade of onerous regulation and ever-increasing tax proposals would also help. An emphasis on public policy measures that drive business competitiveness would be a win for the economy, for jobs, and for connectivity. It would also place us in a strong position to accelerate investments in sustainability,” said Walsh.

Outlook Drivers

Profitability is expected to strengthen in 2024 as revenues grow slightly faster than expenses (+9.7% vs. +9.4% respectively). Operating profits are expected to reach $59.9 billion (+14.7% from $52.2 billion estimated for 2023 ). Net profits, however, are expected to grow slightly more slowly at +11.3%, from $27.4 billion estimated for 2023 to $30.5 billion estimated for 2024.

Industry revenues are expected to reach an historic high of $996 billion in 2024.

Passenger revenues are expected to reach $744 billion in 2024, up 15.2% from $646 billion in 2023. Revenue passenger kilometers (RPKs) growth is expected to be 11.6% year on year. The long-term 20-year growth trend is expected to see passenger demand grow 3.8% annually for the 2023-2043 period.

Passenger yields are expected to strengthen 3.2% over 2023.

When measured in constant 2018 dollars, the real average return airfare in 2024 is expected to be $252, significantly less than the $306 of 2019. This continues the trend of ever-increasing affordability for air travel, even if the figures are somewhat skewed by shorter journey distances in 2024 due to the slower pace of recovery in some long-haul markets. In line with this, IATA’s April 2024 polling data revealed that 77% of respondents agree that air travel is good value for money.

The average passenger load factor is expected to be 82.5% in 2024. This is largely in line with pre-pandemic levels ( 82.6% in 2019) and reflects tight supply and demand conditions from ongoing supply chain issues for aircraft and engines.

IATA’s April 2024 polling data aligned with expectations for continued strong performance in passenger markets.

Some 39% of respondents expect to travel more over the next 12 months than they did in the previous 12-month period. The majority ( 54%) said that they expect to travel as much as they did in the previous 12 months. Only 6% reported that they expect to travel less.

Some 46% of respondents expect to spend more on travel over the next 12 months than they did in the previous 12 months. An almost equal proportion ( 45%) expect to spend the same on travel over the next twelve months while 9% expect to spend less.

Cargo revenues are expected to fall to $120 billion in 2024 (from $138 billion in 2023 ). Both are down sharply from the extraordinary peak of $210 billion in 2021, but it is above 2019 revenues, which were $101 billion and an improvement on the previous forecast of $111 billion (announced in December 2023 ).

Despite the strength of demand, cargo yields are expected to fall 17.5% in 2024 while remaining slightly above 2019 levels. This is a normalization after extraordinary pandemic highs. A key factor in this is the significant belly capacity that entered the market in 2023 in tandem with the recovery of passenger travel.

In general, air cargo is in a period of correction following an exceptional year in 2021. Yields, capacity growth, the belly-dedicated freighter split, and other key metrics are moving from the extraordinary mid-pandemic situation towards a continuation of pre-pandemic trends and levels.

Industry expenses are expected to grow to $936 billion in 2024 (+9.4% on 2023).

Fuel is expected to average $113.8/barrel (jet) in 2024 translating into a total fuel bill of $291 billion, accounting for 31% of all operating costs.

High crude oil prices are expected to continue to be further exaggerated for airlines as the crack spread (premium paid to refine crude oil into jet fuel) is expected to average 30% in 2024.

SAF production could rise to satisfy 0.53% of global demand for fuel in 2024, the cost of which will be $3.75 billion. That is $2.4 billion additional to what it would cost to purchase the same quantity of jet fuel. CORSIA-related costs are estimated to account for a further $600 million in 2024.

Industry CO2 emissions in 2024 are expected to be 935 million tonnes from consumption of 99 billion gallons of fuel. Non-fuel expenses have been well-controlled. Non-fuel unit costs are expected to be 39 cents per available tonne kilometer (ATK), unchanged from 2023. This is slightly below the 39.2 cents/ATK reported in 2019.

Labor costs have been tightly controlled with unit labor costs expected to be 12.9 cents/ATK, an improvement of 2.4% compared with 2023. Due to higher volumes, the overall cost of labor is expected to grow 7.6% to $214 billion in 2024.

Total employment in airlines is expected to reach 3.07 million, which slightly exceeds the 2.93 million employed in 2019.

An inventory of 38.7 million flights is expected to be available in 2024. This is 1.4 million flights below previous estimates (December 2023) largely attributable to the slowing pace of deliveries in the face of persistent supply chain issues in the aerospace sector. For example, the number of aircraft deliveries scheduled for 2024 is expected to be 1,583, which is 11% less than the expectations published just months ago that anticipated 1,777 aircraft would join the global fleet in 2024. Airlines are deploying larger aircraft as a mitigating strategy.

Industry profitability is fragile and could be affected positively or negatively by many factors:

  • Global economic developments: Airline prospects have historically been closely linked to global economic trends. Nonetheless, the sector has been largely resilient in the face of inflation, high interest rates, and slowing GDP growth in the post-pandemic period. Economic developments in China should be closely watched. Slowing growth, youth unemployment, and the relative strength of the service sector over manufacturing are all indications that China’s economy is in transition, which could have broad impacts beyond its borders.
  • War: The operational impact of the Russia-Ukraine war and the Israel-Hamas war have been largely limited to the immediate vicinity of these conflicts. An escalation of either conflict has the potential to shift the economic outlook negatively.
  • Supply chains: Supply chain issues continue to affect global trade and business. Airlines have been directly impacted by unforeseen maintenance issues on some aircraft/engine types as well as delays in the delivery of aircraft parts and of aircraft, limiting capacity expansion and fleet renewal.
  • Regulatory risk: On the regulatory front, airlines could face rising costs of compliance, and additional costs pertaining to passenger rights regimes, regional environment initiatives, and accessibility requirements.
  • Public policy: With more people going to the polls than in any other year, 2024 has the potential to significantly shift the global political landscape. Although a greater political focus on business-friendly policies and strengthening economies would be welcome, a political shift away from global institutions, international trade, and policy paralysis from polarized politics would likely be detrimental. Further, as airlines redouble their decarbonization efforts, any slipping in the political determination to reach net zero carbon emissions by 2050 could risk the policy support that airlines need to achieve this important goal.

2023 are now expected to have reached $908 billion ($12 billion higher than the previous forecast). Expenses grew to $856 billion ($1 billion higher than the previous forecast). That translated into a $27.4 billion industry wide net profit ($4.0 billion higher than the previous forecast). As a result, the net profit margin for 2023 was 3.0%, which is above the previously forecast 2.6%.

The Traveler’s Viewpoint

Air travel continues to deliver value to consumers. IATA’s April 2024 public opinion poll revealed that 97% of travelers expressed satisfaction with their travel. Moreover, 91% agreed that connectivity by air is critical for the economy and 89% said it has a positive impact on societies.

Passengers are counting on a safe, sustainable, efficient, and profitable airline industry. IATA public opinion polling demonstrated the important role that travelers see the airline industry playing: 

  • 86% said that business travel is an easy investment to justify.
  • 77% agreed that air travel is good value for money.
  • 90% said that air travel is a necessity for modern life.
  • 83% recognized that the global air transport network is a key contributor to the UN Sustainable Development Goals.

Aviation remains committed to its goal of achieving net zero carbon emissions by 2050. Travelers are expressing high levels of confidence in this commitment, with 82% believing it is the right goal, 76% saying that we will be able to fly sustainably, and 78% agreeing that aviation leaders are taking the climate challenge seriously.

Credit | Alberto-Masnovo_shutterstock_2360035407_2000x1500  

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Global airlines raise 2024 profit outlook as travel soars

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  • Full-year industry profit forecast to rise to $30.5 bln
  • Passenger yields expected to be 3.2% higher than 2023
  • Cargo yields to fall 17.5% as freight markets normalise

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A travel boom is looming. But is the industry ready?

If things go well, we might be at the threshold of a new age of travel. Although COVID-19 variants may affect conditions, it seems only a matter of time before travelers in some parts of the world hit the road and take to the skies again, thanks to rising vaccination rates and manageable caseloads. Some countries have begun gingerly relaxing travel restrictions and reopening borders.

As the worst effects of the COVID-19 pandemic ebb, most indicators point to travel coming back—with a vengeance—as people look to reconnect, explore new destinations, or revisit reliable favorites. Many just want to get away from the confines of their homes. A McKinsey survey reveals traveling to be the second-most-desired activity among respondents (in first place: dining out). In the United States, air travel has hit two million daily passengers, closer to the prepandemic level of around 2.5 million than to the low of around 90,000, in April 2020. Hotel reservations and rental-car bookings are surging.

All these trends should taste sweet for the industry, but ill-prepared companies may find themselves facing the wrath of a cohort of leisure-focused vacationers who might already be struggling to keep up with new travel protocols. If the industry doesn’t work to increase capacity now, the ecosystem may buckle under the pressure, forcing travelers to endure long wait times and inflated prices.

This article projects two broad trajectories of how travel will likely bounce back, comparing countries that have near-zero caseloads with those that have more, but manageable, caseloads and higher vaccination rates. In both scenarios, travel companies that don’t prepare themselves for the forthcoming influx of travelers risk missing out on a valuable opportunity to recoup losses incurred during the height of the pandemic. On the flip side, we believe that by focusing on four key areas—building capacity, investing in digital innovation, revisiting commercial approaches, and learning from critical moments—travel companies can seize value as they exceed the needs and demands of their customers.

The tale of two travel recovery paths

Wherever in the world you look, you’ll see people itching to travel. Most high-income earners have not lost their jobs. In the United States, the savings rate  among this demographic is 10 to 20 percent higher now than before the pandemic, and such people are eager to spend their money on travel. Leisure trips are expected to lead the rebound, with corporate travel  trailing behind.

A recent survey of 4,700 respondents from 11 countries around the world, conducted by the International Air Transport Association (IATA), revealed that 57 percent of them expected to be traveling within two months of the pandemic’s containment, and 72 percent will do so as soon as they can meet friends and family. In our China travel survey, we see more and more respondents yearning for leisure trips further afield; 41 percent say they want their next trip to be outside China, the highest level we’ve seen, despite borders remaining sealed.

Yet it’s worth noting that despite the near-universal desire to travel, countries will likely manage their plans to reopen differently. Two main factors come into play here: current COVID-19 caseloads and vaccination rates. People living in countries with limited access to vaccines and uncontainable levels of cases—such as a number of countries in Africa and Southeast Asia—will continue to be bound by tight travel restrictions for some time to come.

Travel will take off in and between countries with manageable caseloads

We can expect a surge in travel in (and between) countries with manageable and moderate COVID-19 caseloads and vaccine access. These regions are willing to accept rising case levels as long as death and hospitalization rates stay low. In many European countries and the United States, a significant portion of the population has been inoculated. Such people feel safe enough to travel both domestically and internationally, especially with the introduction of safety measures such as the EU-issued digital health certificates given to people vaccinated against COVID-19. Despite fluctuating rates of new caseloads in these regions, the efficacy of the vaccine so far (to reduce the spread of the disease and avoid its worst effects) gives many people enough feeling of security to travel.

Countries in Europe that have gotten used to living with manageable caseloads of COVID-19 have begun to welcome visitors without asking them to quarantine: Iceland (March 2021), Cyprus (May 2021), and Malta (June 2021). In addition, Europe is open to vaccinated US travelers. After the US Centers for Disease Control and Prevention (CDC) started approving cruise vessels with conditional sailing certifications to enter the country, a Florida federal court ruled in June 2021 that CDC-issued regulations should serve only as nonbinding guidelines, further reducing restrictions on tourists.

If past instances serve as indicators, we’ll see travel demand soaring once travel restrictions are eased and freedom of mobility returns.

Domestic trips will lead the recovery of travel in near-zero countries

However, a slightly different picture is emerging for countries with near-zero caseloads. Countries in this group include Australia, China, New Zealand, and Singapore. Their governments face a difficult trade-off. They can open up national borders without quarantines—which will almost certainly lead to increased local transmissions of COVID-19 and an increase in new cases, especially in countries with low vaccination rates, such as Australia and New Zealand. Or, they can choose to continue imposing strict restrictions and quarantine measures until the pandemic has truly passed, which would deter all but the most determined of travelers. Unlike places that have adjusted to living with COVID-19, even a moderate increase of cases in countries with caseloads near zero would likely be unacceptable to the public.

That’s not to say there are no travel opportunities in these countries. First, we’ll likely see increased interest in domestic travel, especially for large countries with sizable home markets, such as Australia and China, which have traditionally been net exporters of tourists. With few international destinations open to visit, this group of travelers will likely seek out vacation experiences within their nations’ borders. China  has seen hordes of tourists flood many scenic destinations and tourist sites, especially during peak travel seasons.

Second, even though travel bubbles have had only limited success so far, it may soon be possible for territories with very low COVID-19 caseloads and no local transmissions to open up access to each other. Mainland China, for instance, has been allowing citizens to travel to and from Macau without quarantine requirements. Hong Kong and Singapore have also restarted negotiations on a potential travel bubble between the two cities. The key is establishing common standards and trust in the public-health protocols and testing regimes of the participants in the travel bubble.

Four actions travel players must consider

Despite these promising signs, the tourism industry will likely struggle to capitalize on the imminent spike in travel demand, especially in Europe and the United States. From airlines and car rentals to hotels and airport restaurants, the entire travel supply chain is already showing signs of strain. Wait times at security checkpoints are stretching into hours at some airports, while popular vacation destinations, including Arizona, Florida, and Hawaii, are facing rental-car shortages.

Needless to say, bad news travels fast, and a negative experience can quickly become fodder for a viral video and bad publicity, leading customers to look for alternatives more in their control, including nearby drives and rental properties.

While the process is daunting, clear-sighted travel leaders know that preparing their organizations for a surge of travelers is also an opportunity to redefine their value propositions and make their offerings distinctive. This will not only reinstill confidence in travel but also increase customer loyalty. Leaders and executives would be wise to focus on the following four areas.

1. Bring back capacity

The most pressing imperative for all companies across the travel supply chain is bringing back capacity or, at the very least, ensuring that they’re able to do so. Many contract and temporary workers in the restaurant industry who were laid off during the pandemic have found other employment and are reluctant to go back to their former jobs, resulting in a labor crunch. In the United Kingdom, more than one in ten workers left the hospitality sector last year. In the United States, there was still a shortfall in April of around two million leisure and hospitality jobs—far greater than before the pandemic. Global aviation capacity levels are still well below prepandemic levels as many planes remain in long-term storage and staff remain furloughed. We believe that even though reactivating airline pilots and cabin crews, preparing grounded aircraft for service, and rehiring and training service staff can be pricey, the cost of standing by and doing nothing would be higher.

2. Invest innovatively to improve the entire customer journey

While cash might continue to be in short supply, an area still worth considering for overinvestment is digital operations. Remember that the customer experience is shaped across the entire end-to-end journey, from booking to travel to the return home. Even seasoned travelers will have to adapt to new protocols, such as digital health certificates and safety measures. Travelers now need more, not less, assistance. Furthermore, certain critical journeys and moments—such as a family vacation, an important business trip, or a last-minute emergency—carry a disproportionate weight in consumers’ minds when they plan their next trip. The anticipated volume of traffic during the summer and peak holiday periods will only compound these issues and bring about greater inconvenience in the overall system.

In our work in this sector, we have found that if even one pain point in the customer journey is not satisfactorily resolved, the entire perception of a travel company can be degraded. The industry needs to make sure that processes are smooth for reopening and that adequate assistance is available for travelers to help them adapt to new ways of traveling. It is likely that international trips will need additional documentation for some time. These requirements will vary by country and potentially by transit hub. They may include proof of COVID-19 vaccination (when, as well as which vaccine) and testing requirements (type of test and recency).

As the long wait times at airport checkpoints attest, manually navigating these complexities at the check-in desk is highly inefficient and prone to human error. Some airports are testing camera-powered and AI-based digital technologies to monitor crowd densities and reduce time spent standing in line—which makes the airport experience more bearable for travelers and ensures safe physical distancing. Autonomous robots are also being deployed to maintain hygiene standards; some are equipped with UV-light cleaners to disinfect areas, and others are outfitted with body-temperature sensors to help minimize the risk of virus outbreaks.

3. Reimagine commercial approaches

Travel companies may rethink their commercial approaches. The profiles of airline passengers and hotel guests will be different: more leisure guests, later booking windows, and higher demand for flexible tickets. Historical booking curves are no longer a good indicator of current behavior. Travel companies need to use every source of insight they can to anticipate demand and optimize pricing . Flexible pricing models can also ease customer discomfort with today’s heightened levels of unpredictability. For example, EasyJet now offers a Protection Promise program that gives fliers free changes up to two hours before the flight.

Hotels will need to find new purposes for meeting and conference spaces, which will be slower to fill. Airlines  need to figure out how to fill intercontinental business class, likely with premium leisure promotions. For all travel companies, the boom may be higher in traveler numbers than in profits, as the most lucrative corporate business has been slow to return.

4. Learn from critical moments—and the wider ecosystem

Aside from streamlining processes and personalizing the customer experience, investing in digital analytics can allow companies to identify opportunities to differentiate their services. Companies would also be able to discern emerging trends and hiccups before they turn into nightmares. Industry players, such as online travel agents, may also be a trove of useful insights pertaining to how the external ecosystem is evolving; their experiences may be beneficial for hotels and airlines to explore potential partnerships with them.

The various parts of the travel industry have to work together as a whole to usher in a safe return of travel. Even as individual companies improve their internal operations, they should also keep a close eye on industry-wide developments, watching for collaboration opportunities. The industry and governments will have to reach consensus on safety standards and requirements. The IATA travel pass is a plug-in that could be used on airlines’ mobile apps, for example. Currently being tested by many airlines as a way to ensure passenger health, the app would allow travelers to manage verified certifications for COVID-19 vaccines and test results. Governments, in turn, could consider accepting and embedding the app into the flight check-in workflow.

It’s been a long time coming, but we see several factors aligning that could lead to a short-term travel boom, although not all countries and customer segments will boom at the same time. With continued perseverance, travel companies can ensure that travel is not just back but better.

Vik Krishnan is a partner in McKinsey’s San Francisco office; Darren Rivas is the director of capabilities, Global TLI, in the Atlanta office; and Steve Saxon is a partner in the Shenzhen office.

This article was edited by Jason Li, a senior editor in the Shanghai office.

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It came off as a rare moment of candor for the airline industry on Wednesday, when United Airlines CEO Scott Kirby told analysts and reporters that after a year of constant disruptions, including canceled and delayed flights, lost luggage and worse, passengers could expect more of that in 2023.

“The system simply can’t handle the volume today, much less the anticipated growth,” Kirby said. “There are a number of airlines who cannot fly their schedules. The customers are paying the price.”

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By Memorial Day last year , airfares were soaring, and flight cancellations started to mount. The situation worsened over the summer, as bouts of disruptive weather left passengers stranded and forced Transportation Secretary Pete Buttigieg to call a meeting with airline CEOs.

While autumn was mostly free of disruptions, the year ended with a winter storm that brought airline travel to a standstill, especially at Southwest Airlines .

"The days of flying being fun are long over," said William McGee, a senior fellow for aviation and travel at the American Economic Liberties Project, a nonprofit, nonpartisan, anti-monopoly group. "People will settle for noneventful."

Not everyone agrees on the nature of the problem. According to Scott Mayerowitz, executive editor of The Points Guy travel website, on any given day, the current system is mostly fine.

"It’s only these few instances when things go wrong, that they go horribly wrong, and it causes severe problems for such large numbers of people," he said. "And it’s horrible if you’re one of those passengers — but the next week, everyone moves along and the system works."

Still, many agree about the short- and long-term challenges that plague the industry. Airlines will soon be hobbled by a lack of adequate staffing, something United's Kirby alluded to. On a more distant horizon are modernization and market reform efforts that analysts fear might be stymied by political obstacles.

Those issues are likely to linger as long as Washington gridlock prevails, analysts say.

Labor shortages

As the pandemic swooped in, air travel was among the industries most affected, as more than 90% of flights were grounded. Bloomberg News calculated that some 400,000 global airline industry workers were set to lose their jobs as a result of the pandemic.

Today, labor shortages exist throughout the economy, but the problem drags on in the air travel sector, where more extensive employee training is usually required.

“The question on everybody’s lips is, ‘Where have they all gone?’” said Tim Clark, president of Emirates Airline, at an event this summer, as reported by The Wall Street Journal . “There are hundreds of millions of people that have disappeared from the labor market.”

First and foremost among the airline industry's labor issues is a pilot shortage. By one estimate, some 12,000 more pilots are needed. Even before the pandemic, pilots were retiring in droves as the baby boom generation hit the federal mandatory pilot age limit of 65.

“The pilot shortage for the industry is real, and most airlines are simply not going to be able to realize their capacity plans because there simply aren’t enough pilots, at least not for the next five-plus years,” United's Kirby said on a quarterly earnings call last April.

But pilot unions have resisted calls for reform. Some fear that proposed changes could jeopardize safety. Others worry that with younger, less experienced pilots among their ranks, some collective bargaining leverage would be lost.

On its website , the Air Line Pilots Association, the nation's largest pilots union, calls the shortage a "myth" and accuses airline executives of trying to maximize profit — in part by refusing to reduce their flight schedules.

But even ALPA acknowledges more measures could be taken to "maintain a robust pilot pipeline," like helping students pay for flight training and subsidizing loans to cover it. Having more pilots available to work would ease the burden on the system.

Other stakeholders seem to be on the same page.

The trade group Airlines for America, which counts American Airlines, JetBlue, Southwest and others as members, told NBC News its carriers "have been working diligently to address operational challenges within our control by hiring additional staff and adjusting our schedules to improve reliability ." 

Sen. Lindsey Graham has introduced legislation to raise the pilot retirement age from 65 to 67. The bill is supported by the Regional Airline Association, which says that since 2019, 71% of airports have reduced flights, and nine airports have lost service completely as a result of the age limit.

“Under this legislation, approximately 5,000 pilots would have the opportunity to continue to fly over the next two years, and in turn, help keep communities connected to the air transportation system,” association senior director Drew Remos said, according to CNBC.

The world’s largest aircraft fleet was grounded for hours by a cascading outage in a government system that delayed or cancelled thousands of flights across the U.S. on Wednesday.

Outdated technology and infrastructure

There is near-universal agreement that the infrastructure underpinning segments of America's air travel system is outdated and vulnerable. That was on full display at the start of the year when a technology issue at the Federal Aviation Administration caused all planes to be grounded. The agency said it has continued to investigate, but Washington lawmakers said the glitch proved that more drastic changes were needed.

Rep. Sam Graves, R-Missouri, said the incident highlighted "a huge vulnerability in our air transportation system."

"Just as Southwest’s widespread disruption just a few weeks ago was inexcusable, so too is the DOT’s and FAA’s failure to properly maintain and operate the air traffic control system," he said.

The Southwest incident, too, was blamed in part on Southwest's aging scheduling system, which requires crew members to call into a central hotline to be rerouted when a disruption occurs.

The FAA has been working to implement what is known as the NextGen system to modernize the country's air traffic control system, one part of which still uses paper strips to coordinate flight schedules. Reuters recently referred to that aspect as "long-ridiculed."

“There’s a great deal of work needed to reduce the backlog of sustainment work, upgrades and replacement of buildings and equipment needed to operate our nation’s airspace safely,” FAA Deputy Administrator Bradley Mims said last April.

Delta Air Lines CEO Ed Bastian has said additional federal funding is needed to speed up modernization.

“I lay this on the fact that we are not giving them the resources, the funding, the staffing, the tools, the technology they need to modernize the technology system," he told CNBC's "Squawk Box" recently.

"Hopefully, this will be the call to our political leaders in Washington that we need to do better,” Bastian added.

But Paul Hudson, president of the FlyersRights consumer advocacy group, said the Transportation Department already gets plenty of funding — and that the money is being misspent.

"I would like to see an audit of where the money is," Hudson told NBC News. "DOT has gotten an enormous increase, and either it's not being spent, or it's being spent on other things than what’s causing cancellations."  

But even this issue comes back to staffing. The FAA  said in 2020 it was more difficult  “to hire technical talent as quickly and effectively than in the past.”

Lawmakers across the political spectrum have called for an alternative solution: privatizing the air traffic control system. It's a step that other countries have taken, including Canada, whose NAV Canada system has been a privately operated nonprofit company since 1996.

"It's the gold standard of air traffic systems in the world," said Scott Lincicome, director of general economics at the Cato Institute, a libertarian think tank. "It is efficient, innovative, and it is a nonprofit private company regulated by the government," Lincicome said, adding: "It’s a great example of what the US system could be if we could surmount our difficulties."

Image: Chicago airport line travelers

But Lincicome said there is entrenched resistance to that solution — and to many other practical ones put forward by consumer advocates of all political stripes.

"It doesn’t seem like there’s any appetite in Washington for that reform, regardless of the documented problems," Lincicome said. "It seems like a very tough nut to crack."

In the meantime, flyers in the U.S. will remain at the mercy of their individual airline. Already, U.S. airline passengers enjoy fewer rights than passengers in Europe, according to Eric Napoli, vice president of legal strategy at  AirHelp , a European-based consumer rights advocacy group. While European passengers are entitled to as much as 600 euros when there’s a flight disruption of more than three hours that’s not outside an airline’s control, travelers on U.S. flights are entitled merely to a refund — and even that can be hard to obtain.

"It’s difficult to claim compensation from airlines," Napoli said of airline passengers in the U.S. "They don’t have great protections."

Mayerowitz, with The Points Guy, said carriers would likely pass on the costs of stronger regulation to customers.

“Americans are used to $39 flights to Florida,” Mayerowitz said. “There’s probably not a desire by travelers to pay an extra $20 or $30 for each ticket in order to have these delay protections that they may or may not reap the benefits of” if their flight ends up being on time.

Airfares have been in a more or less steady decline since the mid-1990s, when adjusted for inflation. Compared with a ticket that cost an average of $558 in 1995, airfare in 2022 cost an average of $373, according to the Bureau of Transportation Statistics .

McGee, with the American Economic Liberties Project, says more comprehensive action is needed.

"It's nearing a breaking point, and this is not a one party issue," McGee said. "There's a general sense in the country; most Americans realize something is really wrong with this industry."

But Mayerowitz said that until those actions are taken, passengers should be realistic about what to expect when they take to the skies.

"Passengers should never lower their expectations, but should always prepare for the worst," Mayerowitz said. "We need to hold airlines and politicians accountable. Air travel should be predictable and consistent, and you shouldn’t have to wonder if air traffic control is going to be working today as you head to the airport.

"That said, every traveler should always have a backup plan, and a backup for their backup. And that’s especially true over holidays."

air travel industry

Rob Wile is a breaking business news reporter for NBC News Digital.

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FAA Forecasts Continued Growth in Air Travel

March 21 – The FAA today released its annual Aerospace Forecast Report Fiscal Years 2017 to 2037 , which projects sustained and continued growth in nearly every aspect of air transportation from general aviation private flying to large commercial airline passenger levels. In commercial air travel, Revenue Passenger Miles (RPMs) are considered the benchmark for measuring aviation growth. An RPM represents one revenue passenger traveling one mile. The FAA forecast calls for system RPMs by mainline and regional air carriers to grow at an average rate of 2.4 percent per year between 2016 and 2037, with international RPMs projected for average annual increases of 3.4 percent per year. System RPMs are forecast to increase 65 percent during the 20-year forecast. 

A key new portion of the forecast focuses on the growth in the use of Unmanned Aircraft Systems (UAS), also known as drones. The FAA projects the small model hobbyist UAS fleet to more than triple in size from an estimated 1.1 million vehicles at the end of 2016 to more than 3.5 million units by 2021. The commercial, non-hobbyist UAS fleet is forecast to grow from 42,000 at the end of 2016 to about 442,000 aircraft  by 2021, with an upside possibility of as many as 1.6 million UAS in use by 2021. Pilots of these UAS vehicles are expected to increase from 20,000 at the end of 2016 to a range of 10 to 20 times as many by 2021.

Predictions for small UAS are more difficult to develop given the dynamic, quickly-evolving market. The FAA has provided high and low ranges around the hobbyist forecast, reflecting uncertainty about the public’s continued adoption of this new technology. The FAA’s non-hobbyist (commercial) UAS fleet size forecasts contain certain broad assumptions about operating limitations for small UAS during the next five years based on the basic constraints of the existing regulations: daytime operations, within visual line of sight, and a single pilot operating only one small UAS at a time.  he main difference in the high and low end of the forecasts is differing assumptions about how quickly the regulatory environment will evolve, enabling more widespread routine uses of UAS for commercial purposes.

The FAA utilizes a variety of economic data and projections to develop its annual forecast, such as generally accepted projections for the nation’s Gross Domestic Product (GDP). The FAA annual forecast is consistently considered the industry-wide standard of U.S. aviation-related activities. The report looks at all facets of air travel including commercial airlines, air cargo, private general aviation, and fleet sizes. Read the FAA Aviation Forecast Fact Sheet .

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Stand Up for Free Enterprise

The most important issues facing the aviation industry.

Here’s what businesses need to know about the American aviation industry before the Chamber’s Global Aerospace Summit.

Sean Ludwig Senior Editorial Director, U.S. Chamber of Commerce

August 29, 2023

Air travel and the aviation-centered economy have soared back to pre-pandemic levels, with the Transportation Security Administration announcing a record of nearly 3 million passengers screened in one day at the end of June 2023. At the same time, however, passengers continue to experience numerous delays and cancellations that have created more uncertainty in air travel.

To showcase and help us understand the many new developments in the aviation industry, the U.S. Chamber hosted the Global Aerospace Summit Sept. 12-13, in Washington, D.C., where top leaders from commercial aviation, space, and defense will discuss the industry’s impact on the economy, trade, supply chains, cybersecurity, national security, workforce development, and more. Panelists and speakers will explore their visions for the industry of tomorrow.

I spoke with aviation expert and Summit founder Carol B. Hallett , Of Counsel to the U.S. Chamber of Commerce, and asked the top questions leaders should know about the aviation industry in 2023.

Join us for the Global Aerospace Summit

The world's foremost aviation experts, including airline CEOs and policymakers, will gather at the 2024 Global Aerospace Summit on Sept. 10-11 in Washington, D.C. The event is an opportunity to learn, network, and explore, with engaging discussions, exhibits, and state-of-the-art aircraft prototypes.

  • Save your spot!

Travelers are noticing first-hand that airlines are facing major challenges, including numerous flight cancellations and delays. What are some of the underlying issues?

It is not a happy situation for the passengers or the airlines, but it is almost beyond our control. A lot of the issues boil down to there simply being a lack of workforce. That is from pilots to mechanics, to air traffic controllers, to ground crews, you name it. Unfortunately, that is not unique to the industry; almost every single business is faced with the same problem right now.  The best thing we can do to correct this issue is to grow the talent pipelines that get these workers in the door. Airlines are working hard to recruit tomorrow’s workforce, and that cannot happen overnight. We will have two different panels on this topic at the summit this year, and I look forward to learning more about the strategies these airlines intend to employ.

Safety and security remain top issues for commercial aviation companies. What are they doing to continue improving in these areas?

If there is any one universal top priority of every airline worldwide, it is ensuring the safety and security of their passengers, crew, and the greater public. And even with workforce challenges and all the issues confronting the airline industry, they maintain an unwavering commitment to safety and security. I feel confident that that will not change or lessen as the industry evolves.

What is the airline industry doing to promote and achieve more sustainability in air travel?

A more appropriate question might be, what isn’t the industry doing right now to achieve more sustainable air travel? I would say there are a few big things happening to achieve that.

First, they are redeveloping old technology — creating better engines, modeling more aerodynamic planes, and utilizing technology that makes sure planes get from point A to B as fast as possible with as minimal a carbon footprint as possible. Second, aviation fuel and engines are changing, with the industry looking at hydrogen, developing biofuels, and inventing new cleaner mixtures. The concept of electric airplanes is also very popular. Whoever thought ten years ago that we’d be talking about adding electric airplanes? Lastly, the industry is reinventing its day-to-day, seeing where it can cut flight time, shorten routes, and be more sustainable overall. It will be a long process, but the industry has made tremendous progress.

What role should the U.S. government and the Federal Aviation Administration play in improving today’s air travel?

Transportation has more regulations than many other industries. And that's understandable because when you use equipment to move people, you need to ensure that everything is safe. However, the U.S. government and the Federal Aviation Administration (FAA) should be swift and efficient in their oversight as it relates to not only regulation of the industry but also how companies can implement improvements. Burdensome regulatory requirements can add ten-plus years to a project before approval, and that is never going to be acceptable in growth and innovation. While the FAA’s role in safety is essential, overregulation can be just as dangerous as under-regulation. At the end of the day, red tape can stifle innovation, so I think the government can work on getting things done a bit more efficiently.

Join us and become a part of our movement to save the system that will secure our collective future.

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The promise of commercial supersonic flight between continents appears to be on the verge of returning. and we might soon be able to take electrically powered air taxis around cities. how long will it take for supersonic flight s and evtol to be accessible to the public.

These new technologies are exciting, but their timelines are still somewhat uncertain. Regulatory, safety, and noise concerns will certainly challenge these companies for years to come, but I also think COVID has impacted the timelines. I am confident we will see this technology available to the public in the next decade as businesses recover from these challenges. We are all rooting for their success. Experts on the topic will be at the Summit, so do not miss it.

Finally, why should people plan to attend the Global Aerospace Summit?

The nation’s eyes are on the aviation industry more so than ever before. When passengers think of aviation nowadays, they think of a post-COVID return to normalcy, they think of vacation, they may think of cancellations and delays, and they, of course, think of the excitement of flight. This is why it is so important to hear from the leaders of this industry and learn what they’re thinking. That’s what the Summit offers — a chance to listen, learn, and hear from these CEOs in a way we do not always get to. It will be fun, enlightening, informative, and an amazing networking opportunity.

See What You Missed at Global Aerospace Summit

The industry’s top leaders met to discuss the most pressing topics in air and space. Now available as video on demand.

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About the authors

Sean ludwig.

Sean Ludwig is a Senior Editorial Director for the U.S. Chamber of Commerce.

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Expect the cost of your airfare to continue to rise, an aviation trade group and industry heads warn

FILE - A Boeing 777X plane takes off at the Farnborough Air Show fair in Farnborough, England, on July 18, 2022. The cost of your next flight is likely to go up. That's the word from the International Air Transport Association, which held its annual meeting Monday June 3, 2024 in Dubai, home to the long-haul carrier Emirates. (AP Photo/Frank Augstein, File)

FILE - A Boeing 777X plane takes off at the Farnborough Air Show fair in Farnborough, England, on July 18, 2022. The cost of your next flight is likely to go up. That’s the word from the International Air Transport Association, which held its annual meeting Monday June 3, 2024 in Dubai, home to the long-haul carrier Emirates. (AP Photo/Frank Augstein, File)

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DUBAI, United Arab Emirates (AP) — The cost of your next flight is likely to go up.

That’s the word from the International Air Transport Association, which held its annual meeting Monday in Dubai, home to the long-haul carrier Emirates.

While carriers recover from the groundings worldwide from the coronavirus pandemic, industry leaders told journalists that there are several costs likely to push those ticket prices ever higher.

Part of that comes from worldwide inflation, an ongoing problem since the pandemic started. Jet fuel costs, roughly a third of all airline expenses, remain high. Meanwhile, a global push for the aviation industry to decarbonize has more carriers fighting for the little amount of so-called sustainable aviation fuel, or SAF, available in the market.

“The airlines will continue to do everything they can to keep costs in control as much as possible for the benefit of consumers,” said Willie Walsh, the director-general of the the International Air Transport Association, an industry-trade group. “But I think it’s unrealistic to expect that airlines can continue to absorb all of the costs. ... It’s not something we like to do, but it’s something we have to do.”

Also pressuring the industry is a pandemic hangover in aircraft production as well, they say. Carriers now keep older planes that burn more fuel flying longer. There also aren’t enough new aircraft to expand routes and increase supply to bring down overall prices.

Former leader of Move Forward party Pita Limjaroenrat, center, talks to reporters during a news conference at the party's office in Bangkok, Thailand, Sunday, June 9, 2024. The former leader of Thailand’s progressive opposition Move Forward party vowed on Sunday to keep fighting as the party faces a court case that could result in its dissolution. (AP Photo/Jintamas Saksornchai)

That warning comes as the IATA estimates globally, airline revenue will reach nearly $1 trillion in 2024, a record high. There will be 4.96 billion travelers on airplanes this year, with total expenses for carriers reaching $936 billion — another record high.

But industry profits also are expected to be nearly $60 billion this year.

In particular, Emirates, a main driver for Dubai’s economy, saw record profits of $4.7 billion in 2023 off revenues of $33 billion.

The Emirates’ results track with those for its base, Dubai International Airport . The world’s busiest airport for international travelers had 86.9 million passengers last year, surpassing numbers for 2019 just before the coronavirus pandemic grounded global aviation.

The airport now plans to move to the city-state’s second, sprawling airfield in its southern desert reaches in the next 10 years in a project worth nearly $35 billion .

Tim Clark, the airline’s president, obliquely acknowledged that Monday by saying that he didn’t want people to “get boxes of tissues out and play the violins” when warning that the industry’s profit margins sit in the low single digits. However, he contended that as airlines have grown larger and carriers consolidated, cost savings have quietly been passed onto consumers now able to book flights across the world.

“It is quite amazing that ticket prices are where they are today,” Clark said. “I think the value-for-money proposition that the consumers have had the benefit from for many decades is something that is one of those hidden bits of the narrative.”

Yvonne Manzi Makolo, the CEO of RwandAir, also highlighted the taxes and fees imposed on carriers by the countries they operate in. She specifically cited those paid by carriers flying out of African nations as “already ridiculous.”

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The latest travel data.

MONTHLY INSIGHTS March 04, 2024

air travel industry

U.S. Travel has temporarily paused our monthly data newsletter, however, the latest travel data is still available via the U.S. Travel Insights Dashboard . This dashboard is updated each month (member login required).

The U.S. Travel Insights Dashboard , developed in collaboration with Tourism Economics, is supported by more than 20 data sources. The dashboard is the most comprehensive and centralized source for high-frequency intelligence on the U.S. travel industry, tracking industry performance, travel volumes and predictive indicators of recovery including air and lodging forecasts, DMO website traffic, convention and group trends, travel spending and losses, traveler sentiment, among others to measure the health of the industry.

Key Highlights January 2024:

  • Travel appetite started the year on a softer note, but overall growth continued. Air passenger growth remained positive, up 6% versus the prior year but lower than the double-digit growth seen through 2023. Foreign visits remained strong, up 24% YoY.
  • Hotel room demand continued a trend of slight contraction falling 1% versus the prior year, while short-term rental demand grew 1%, a lower rate than 2023.
  • A particular bright spot was that group room demand within the top 25 markets displayed solid growth of 9% relative to the prior year.
  • The outlook for the economy remains fairly optimistic due to the strength of the labor market, looser financial conditions and healthy household and nonfinancial corporate balance sheets. This has filtered through to slightly higher consumer sentiment in February.
  • Sentiment is also growing for upcoming leisure travel in 2024. The share of travelers reporting having travel plans within the next six months increased to 93% in January from 92% in December, according to Longwoods International’s monthly survey.
  • Travel price inflation (TPI) fell slightly in January as a result of falling transportation prices. Sticky services inflation should see relief from decelerating wage growth. However, upside risks stem from rising healthcare costs, supply chain disruptions and slowing labor supply. Source: U.S. Travel Association and Tourism Economics

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Facts.net

40 Facts About Elektrostal

Lanette Mayes

Written by Lanette Mayes

Modified & Updated: 01 Jun 2024

Jessica Corbett

Reviewed by Jessica Corbett

40-facts-about-elektrostal

Elektrostal is a vibrant city located in the Moscow Oblast region of Russia. With a rich history, stunning architecture, and a thriving community, Elektrostal is a city that has much to offer. Whether you are a history buff, nature enthusiast, or simply curious about different cultures, Elektrostal is sure to captivate you.

This article will provide you with 40 fascinating facts about Elektrostal, giving you a better understanding of why this city is worth exploring. From its origins as an industrial hub to its modern-day charm, we will delve into the various aspects that make Elektrostal a unique and must-visit destination.

So, join us as we uncover the hidden treasures of Elektrostal and discover what makes this city a true gem in the heart of Russia.

Key Takeaways:

  • Elektrostal, known as the “Motor City of Russia,” is a vibrant and growing city with a rich industrial history, offering diverse cultural experiences and a strong commitment to environmental sustainability.
  • With its convenient location near Moscow, Elektrostal provides a picturesque landscape, vibrant nightlife, and a range of recreational activities, making it an ideal destination for residents and visitors alike.

Known as the “Motor City of Russia.”

Elektrostal, a city located in the Moscow Oblast region of Russia, earned the nickname “Motor City” due to its significant involvement in the automotive industry.

Home to the Elektrostal Metallurgical Plant.

Elektrostal is renowned for its metallurgical plant, which has been producing high-quality steel and alloys since its establishment in 1916.

Boasts a rich industrial heritage.

Elektrostal has a long history of industrial development, contributing to the growth and progress of the region.

Founded in 1916.

The city of Elektrostal was founded in 1916 as a result of the construction of the Elektrostal Metallurgical Plant.

Located approximately 50 kilometers east of Moscow.

Elektrostal is situated in close proximity to the Russian capital, making it easily accessible for both residents and visitors.

Known for its vibrant cultural scene.

Elektrostal is home to several cultural institutions, including museums, theaters, and art galleries that showcase the city’s rich artistic heritage.

A popular destination for nature lovers.

Surrounded by picturesque landscapes and forests, Elektrostal offers ample opportunities for outdoor activities such as hiking, camping, and birdwatching.

Hosts the annual Elektrostal City Day celebrations.

Every year, Elektrostal organizes festive events and activities to celebrate its founding, bringing together residents and visitors in a spirit of unity and joy.

Has a population of approximately 160,000 people.

Elektrostal is home to a diverse and vibrant community of around 160,000 residents, contributing to its dynamic atmosphere.

Boasts excellent education facilities.

The city is known for its well-established educational institutions, providing quality education to students of all ages.

A center for scientific research and innovation.

Elektrostal serves as an important hub for scientific research, particularly in the fields of metallurgy , materials science, and engineering.

Surrounded by picturesque lakes.

The city is blessed with numerous beautiful lakes , offering scenic views and recreational opportunities for locals and visitors alike.

Well-connected transportation system.

Elektrostal benefits from an efficient transportation network, including highways, railways, and public transportation options, ensuring convenient travel within and beyond the city.

Famous for its traditional Russian cuisine.

Food enthusiasts can indulge in authentic Russian dishes at numerous restaurants and cafes scattered throughout Elektrostal.

Home to notable architectural landmarks.

Elektrostal boasts impressive architecture, including the Church of the Transfiguration of the Lord and the Elektrostal Palace of Culture.

Offers a wide range of recreational facilities.

Residents and visitors can enjoy various recreational activities, such as sports complexes, swimming pools, and fitness centers, enhancing the overall quality of life.

Provides a high standard of healthcare.

Elektrostal is equipped with modern medical facilities, ensuring residents have access to quality healthcare services.

Home to the Elektrostal History Museum.

The Elektrostal History Museum showcases the city’s fascinating past through exhibitions and displays.

A hub for sports enthusiasts.

Elektrostal is passionate about sports, with numerous stadiums, arenas, and sports clubs offering opportunities for athletes and spectators.

Celebrates diverse cultural festivals.

Throughout the year, Elektrostal hosts a variety of cultural festivals, celebrating different ethnicities, traditions, and art forms.

Electric power played a significant role in its early development.

Elektrostal owes its name and initial growth to the establishment of electric power stations and the utilization of electricity in the industrial sector.

Boasts a thriving economy.

The city’s strong industrial base, coupled with its strategic location near Moscow, has contributed to Elektrostal’s prosperous economic status.

Houses the Elektrostal Drama Theater.

The Elektrostal Drama Theater is a cultural centerpiece, attracting theater enthusiasts from far and wide.

Popular destination for winter sports.

Elektrostal’s proximity to ski resorts and winter sport facilities makes it a favorite destination for skiing, snowboarding, and other winter activities.

Promotes environmental sustainability.

Elektrostal prioritizes environmental protection and sustainability, implementing initiatives to reduce pollution and preserve natural resources.

Home to renowned educational institutions.

Elektrostal is known for its prestigious schools and universities, offering a wide range of academic programs to students.

Committed to cultural preservation.

The city values its cultural heritage and takes active steps to preserve and promote traditional customs, crafts, and arts.

Hosts an annual International Film Festival.

The Elektrostal International Film Festival attracts filmmakers and cinema enthusiasts from around the world, showcasing a diverse range of films.

Encourages entrepreneurship and innovation.

Elektrostal supports aspiring entrepreneurs and fosters a culture of innovation, providing opportunities for startups and business development .

Offers a range of housing options.

Elektrostal provides diverse housing options, including apartments, houses, and residential complexes, catering to different lifestyles and budgets.

Home to notable sports teams.

Elektrostal is proud of its sports legacy , with several successful sports teams competing at regional and national levels.

Boasts a vibrant nightlife scene.

Residents and visitors can enjoy a lively nightlife in Elektrostal, with numerous bars, clubs, and entertainment venues.

Promotes cultural exchange and international relations.

Elektrostal actively engages in international partnerships, cultural exchanges, and diplomatic collaborations to foster global connections.

Surrounded by beautiful nature reserves.

Nearby nature reserves, such as the Barybino Forest and Luchinskoye Lake, offer opportunities for nature enthusiasts to explore and appreciate the region’s biodiversity.

Commemorates historical events.

The city pays tribute to significant historical events through memorials, monuments, and exhibitions, ensuring the preservation of collective memory.

Promotes sports and youth development.

Elektrostal invests in sports infrastructure and programs to encourage youth participation, health, and physical fitness.

Hosts annual cultural and artistic festivals.

Throughout the year, Elektrostal celebrates its cultural diversity through festivals dedicated to music, dance, art, and theater.

Provides a picturesque landscape for photography enthusiasts.

The city’s scenic beauty, architectural landmarks, and natural surroundings make it a paradise for photographers.

Connects to Moscow via a direct train line.

The convenient train connection between Elektrostal and Moscow makes commuting between the two cities effortless.

A city with a bright future.

Elektrostal continues to grow and develop, aiming to become a model city in terms of infrastructure, sustainability, and quality of life for its residents.

In conclusion, Elektrostal is a fascinating city with a rich history and a vibrant present. From its origins as a center of steel production to its modern-day status as a hub for education and industry, Elektrostal has plenty to offer both residents and visitors. With its beautiful parks, cultural attractions, and proximity to Moscow, there is no shortage of things to see and do in this dynamic city. Whether you’re interested in exploring its historical landmarks, enjoying outdoor activities, or immersing yourself in the local culture, Elektrostal has something for everyone. So, next time you find yourself in the Moscow region, don’t miss the opportunity to discover the hidden gems of Elektrostal.

Q: What is the population of Elektrostal?

A: As of the latest data, the population of Elektrostal is approximately XXXX.

Q: How far is Elektrostal from Moscow?

A: Elektrostal is located approximately XX kilometers away from Moscow.

Q: Are there any famous landmarks in Elektrostal?

A: Yes, Elektrostal is home to several notable landmarks, including XXXX and XXXX.

Q: What industries are prominent in Elektrostal?

A: Elektrostal is known for its steel production industry and is also a center for engineering and manufacturing.

Q: Are there any universities or educational institutions in Elektrostal?

A: Yes, Elektrostal is home to XXXX University and several other educational institutions.

Q: What are some popular outdoor activities in Elektrostal?

A: Elektrostal offers several outdoor activities, such as hiking, cycling, and picnicking in its beautiful parks.

Q: Is Elektrostal well-connected in terms of transportation?

A: Yes, Elektrostal has good transportation links, including trains and buses, making it easily accessible from nearby cities.

Q: Are there any annual events or festivals in Elektrostal?

A: Yes, Elektrostal hosts various events and festivals throughout the year, including XXXX and XXXX.

Elektrostal's fascinating history, vibrant culture, and promising future make it a city worth exploring. For more captivating facts about cities around the world, discover the unique characteristics that define each city . Uncover the hidden gems of Moscow Oblast through our in-depth look at Kolomna. Lastly, dive into the rich industrial heritage of Teesside, a thriving industrial center with its own story to tell.

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More From Forbes

What is the future of air travel.

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What will air travel look like in 2035 and beyond? Learn more about the latest trends in the aviation industry and how your flying experience will change over the next few decades.

Air travel has a reputation for being cramped, uncomfortable, and expensive, particularly at peak times. It's also a major contributor to the greenhouse gas emissions that cause climate change.

What Is the Future Of Air Travel?

But major changes to air travel are in development, so hopefully, in the next few decades, traveling by plane will get more affordable, more comfortable, and more environmentally friendly.

Here are some of the ways the future of air travel is expected to change:

1. Hydrogen-powered planes. Aviation is currently responsible for 3.6% of the EU's greenhouse gas emissions due to the fact that modern planes use kerosene as fuel. A recent report suggested that hydrogen-powered planes could enter the market as soon as 2035, and those planes could carry hundreds more passengers per flight than traditional planes, with a cleaner energy source.

2. Going beyond traditional wing design. A blended wing design combines the wing and the fuselage into a single unit, so the entire aircraft provides the lift for the flight. Delta wings – like those used on the Concorde and high-speed military jets – may also be incorporated in some way into commercial planes.

KLM is also working with Delft University of Technology on a ‘Flying V’ plane that has passenger cabins down each side of a v-shaped aircraft. The company claims this type of plane could offer 20% more fuel efficiency than the A350.

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Best covid-19 travel insurance plans.

3. Futuristic cabin design. Airlines are constantly looking for ways to maximize the number of people they can put on each flight without sacrificing the comfort of the passengers. In the future, we may see improvements such as double-decker economy seats that promise more space for riders, paired with increased capacity for the airline.

4. Air taxis. Have you been longing to ride in a flying car that feels like it’s straight from Back to the Future or the Jetsons? Aviation companies are researching ways to shift local transportation from the road to the air with electrically-powered “air taxis” for short flights.

In 2017, Volocopter completed their maiden flight for electrified individual air transport, and the Lilium Jet from Munich is reported to be able to fly 300km for an hour. Their five-seater air taxi could start operating as early as 2025, and traveling by air taxi could be as common as traveling by subway is in major cities today. Autonomous air taxis may follow shortly after as technology continues to evolve.

5. The return of supersonic flights. United plans to buy 15 new supersonic airliners, and hopes to "return supersonic speeds to aviation" by the year 2029. Previous supersonic passenger flights ended in 2003 when British Airways and Air France retired the Concorde. The definition of supersonic flight is when an aircraft travels faster than the speed of sound, which is approximately 660mph (1,060km/h) if the plane is traveling at an altitude of 60,000ft (18,300m).

6. Better in-flight entertainment. In-flight entertainment options of the future will include more screens, more gaming, and even the ability to take e-courses during your flight. Panasonic is also developing ways for passengers to improve wellness on flights by setting up lighting to regulate circadian rhythms on long-haul flights and dampening cabin noise to promote better sleep.

VR and AR companies are also anxious to give travelers more immersive experiences on flights. Alaska Airlines and British Airways have trialed SkyLight’s VR headsets in first-class cabins on selected routes. As the development of the metaverse continues, we'll likely see more opportunities for passengers to enjoy immersive experiences while flying.

To learn more about the business and technology trends that are transforming today's companies, sign up for my newsletter , and check out my books ‘ Business Trends in Practice ’ and ‘ Tech Trends in Practice’ .

Bernard Marr

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Elektrostal, Russia

Essential elektrostal.

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Elektrostal Is Great For

Eat & drink.

air travel industry

  • Apelsin Hotel
  • Elektrostal Hotel
  • Apart Hotel Yantar
  • Mini Hotel Banifatsiy
  • Restaurant Globus
  • Amsterdam Moments
  • Cafe Antresole
  • Viki Cinema
  • Statue of Lenin
  • Park of Culture and Leisure

IMAGES

  1. Visualising the global air travel industry

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  2. Visualising the global air travel industry

    air travel industry

  3. Air travel sector to grow at a CAGR of 8% from 2021

    air travel industry

  4. The future of air travel

    air travel industry

  5. Air Travel

    air travel industry

  6. Article : Top Business Trends in the Global Airline Industry

    air travel industry

COMMENTS

  1. The Future of the Airline Industry After COVID-19

    It's difficult to overstate just how much the COVID-19 pandemic has devastated airlines. In 2020, industry revenues totaled $328 billion, around 40 percent of the previous year's. In nominal terms, that's the same as in 2000. The sector is expected to be smaller for years to come; we project traffic won't return to 2019 levels before 2024.

  2. How air travel is evolving postpandemic

    Robin Riedel: To put it into numbers, and just for last year, 2020, the estimated impact on airlines is about a $370 billion revenue loss versus 2019. It's a massive hole that the industry's in, and that's just the airlines. You also have the supply chain and other sectors or subsectors.

  3. Global Outlook for Air Transport

    This report analyzes the performance and prospects of the airline industry in the context of the global economy and the challenges of climate change. It projects that air transport will recover to 87.8% of 2019 levels in 2023, but face tight labor markets, inflation, supply chains, and geopolitical fragmentation.

  4. Global Air Travel Demand Continued Its Bounce Back in 2023

    The International Air Transport Association (IATA) announced that air travel demand continued to bounce back in 2023, with total traffic reaching 94.1% of pre-pandemic levels. The recovery was driven by international markets, especially Asia-Pacific, Europe and Middle East, while domestic markets also outperformed 2019.

  5. Air Passenger Market Analysis

    Air passenger market in detail - January 2024. threshold. Industry seat capacity rose consistently with passenger numbers. Available seat-kilometers (ASKs), saw 14.1% annual growth and reached 99.5% of pre-pandemic levels, as a result passenger load factor (PLF) was 1.7 and 0.1 percentage points (ppt) above the same month's level in 2023 and ...

  6. Industry outlook continues to improve

    An aggregate return above the cost of capital, however, continues to elude the global airline industry. Outlook highlights include: Net profits are expected to reach $30.5 billion in 2024 ( 3.1% net profit margin). That will be an improvement on 2023 net profits which are estimated to be $27.4 billion ( 3.0% net profit margin).

  7. Airlines on Track for $30 Billion Profit in 2024, IATA Predicts

    June 2, 2024 at 10:23 PM PDT. Listen. 2:00. The global airline industry is set to generate $30.5 billion in net income this year, the International Air Transport Association predicted, amid higher ...

  8. Air Travel Forecast to 2030: The Recovery and the Carbon Challenge

    How will the aviation industry recover from the pandemic and cope with carbon challenges? See the latest projections for global and regional demand, growth factors, and costs.

  9. Global airlines raise 2024 profit outlook as travel soars

    The International Air Transport Association (IATA) said it expected the worldwide industry to generate $30.5 billion of profit this year, higher than an upwardly revised $27.4 billion in 2023 as ...

  10. Top Six Trends That Will Shape The Airline Industry In 2023

    The International Air Travel Association said Tuesday it expects the global industry to earn a $4.7 billion profit in 2023 after three years of losses that declined to $6.9 billion in 2022.

  11. Survey Predicts Air Travel Boom For 2024: What It Means For ...

    More people flying is good news for airlines. The IATA says passenger revenues are expected to reach $717 billion in 2024, up 12% from $642 billion in 2023. They predict that passenger yields, a ...

  12. Airlines headed for record revenue in 2024 as travel soars, but profit

    Airlines headed for record revenue in 2024 as travel soars, but profit margins remain thin. The International Air Transport Association raised its profit forecast for the airline industry in 2024 ...

  13. Air transportation

    Air transport also provides entrance to international markets and assists in the progress of world trade. Since the coronavirus pandemic began, air cargo has been crucial in delivering critical ...

  14. A travel boom is looming. But is the industry ready?

    In the United States, air travel has hit two million daily passengers, closer to the prepandemic level of around 2.5 million than to the low of around 90,000, in April 2020. Hotel reservations and rental-car bookings are surging. ... The various parts of the travel industry have to work together as a whole to usher in a safe return of travel ...

  15. IATA

    Passengers are counting on a safe, sustainable, efficient, and profitable airline industry. IATA public opinion polling demonstrated the important role that travelers see the airline industry playing: 86% said that business travel is an easy investment to justify. 77% agreed that air travel is good value for money.

  16. The days of 'fun flying' are long gone: How U.S. air travel became a

    Jan. 21, 2023, 5:46 PM UTC. By Rob Wile. It came off as a rare moment of candor for the airline industry on Wednesday, when United Airlines CEO Scott Kirby told analysts and reporters that after a ...

  17. Navigating The Skies With AI: How Airlines Are Transforming Air Travel

    The airline industry, a sector known for its complexity and high operational demands, is increasingly turning to Artificial Intelligence (AI) to enhance efficiency, safety, and customer experience ...

  18. FAA Forecasts Continued Growth in Air Travel

    The FAA annual forecast is consistently considered the industry-wide standard of U.S. aviation-related activities. The report looks at all facets of air travel including commercial airlines, air cargo, private general aviation, and fleet sizes. Read the FAA Aviation Forecast Fact Sheet. Amplify the news on Twitter and Facebook using #FAAForecast

  19. The Most Important Issues Facing the Aviation Industry

    Air travel and the aviation-centered economy have soared back to pre-pandemic levels, with the Transportation Security Administration announcing a record of nearly 3 million passengers screened in one day at the end of June 2023. ... And even with workforce challenges and all the issues confronting the airline industry, they maintain an ...

  20. Expect the cost of your airfare to continue to rise, an aviation trade

    Part of that comes from worldwide inflation, an ongoing problem since the pandemic started. Jet fuel costs, roughly a third of all airline expenses, remain high. Meanwhile, a global push for the aviation industry to decarbonize has more carriers fighting for the little amount of so-called sustainable aviation fuel, or SAF, available in the market.

  21. Economic Performance of the Airline Industry

    The report analyzes how the airline industry is recovering from COVID-19 and its impact on consumers, the wider economy and governments. It provides forecasts for global RPKs, cargo volumes, air transport costs, trade and tourism, and financial performance of airlines.

  22. The Latest Travel Data (2024-03-04)| U.S. Travel Association

    The dashboard is the most comprehensive and centralized source for high-frequency intelligence on the U.S. travel industry, tracking industry performance, travel volumes and predictive indicators of recovery including air and lodging forecasts, DMO website traffic, convention and group trends, travel spending and losses, traveler sentiment ...

  23. 40 Facts About Elektrostal

    Known as the "Motor City of Russia." Elektrostal, a city located in the Moscow Oblast region of Russia, earned the nickname "Motor City" due to its significant involvement in the automotive industry.. Home to the Elektrostal Metallurgical Plant. Elektrostal is renowned for its metallurgical plant, which has been producing high-quality steel and alloys since its establishment in 1916.

  24. What Is The Future Of Air Travel?

    Here are some of the ways the future of air travel is expected to change: 1. Hydrogen-powered planes. Aviation is currently responsible for 3.6% of the EU's greenhouse gas emissions due to the ...

  25. THE 10 BEST Things to Do in Elektrostal

    Things to Do in Elektrostal. 1. Electrostal History and Art Museum. 2. Statue of Lenin. 3. Park of Culture and Leisure. 4. Museum and Exhibition Center.

  26. Global Outlook for Air Transport

    • The recovery in industry RPKs is expected to gather pace this year as vaccine rollouts continue, travel restrictions are lifted, and more routes are re-opened. Even so, global RPKs are forecast to remain below their pre-pandemic 2019 level until 2024. • Cargo is expected to continue to support the industry's performance.

  27. Elektrostal, Russia: All You Must Know Before You Go (2024

    A mix of the charming, modern, and tried and true. See all. Apelsin Hotel. 43. from $48/night. Apart Hotel Yantar. 2. from $28/night. Elektrostal Hotel.

  28. Elektrostal

    In 1938, it was granted town status. [citation needed]Administrative and municipal status. Within the framework of administrative divisions, it is incorporated as Elektrostal City Under Oblast Jurisdiction—an administrative unit with the status equal to that of the districts. As a municipal division, Elektrostal City Under Oblast Jurisdiction is incorporated as Elektrostal Urban Okrug.

  29. IATA

    January domestic air travel was up 41.5% compared to the year-ago period but fell 7.2% compared to December 2021 on a seasonally adjusted basis. ... we expected the airline industry to lose $11.6 billion in 2022 with jet fuel at $78/barrel and fuel accounting for 20% of costs. As of 4 March, jet fuel is trading at over $140/barrel.