External factors that influence the airline industry

Discuss External factors that influence the airline industry

The airline industry has contributed to the globalization of the world economy. It connects buyers and sellers. It also transports goods across nations. It breaks the barrier of distance and time. The U.S. travel growth forecast is provided in the following table. The industry’s future looks bright. Travel expenditure in the U.S. is expected to grow by 4.3% in 2014 and 5.1% in 2015. The number of business and leisure trips is expected to increase. This is supported by economic growth.

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