The global air transportation market, a part of the transportation service industry, grew at a compound annual growth rate (CAGR) of around 3% during the historic period. The transportation service industry showed a steady growth. This market has registered steady growth rate in the historic period due to decline in oil prices allowing for cheaper air fares, strong economic conditions prevailing in emerging countries such China and India, rising disposable income and stable economic growth ... Read more
The air transportation services market consists of sales of air transportation services by entities (organizations, sole traders and partnerships) that use aircraft, such as airplanes and helicopters to provide air transportation services of passengers and/or cargo. It includes services offered by both scheduled and nonscheduled air carriers, but scenic and sightseeing air transportation and air courier services are not included within the air transportation market.
