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US air transport services to see strong growth through 2020

US air transport services to see strong growth through 2020

Rising incomes drive gains in tourism and vacation travel

Growth in US air transport service revenues is forecast to average 5.4% annually through 2020.

Demand is projected to increase as rising incomes drive gains in tourism and vacation travel while expanding global economic activity and trade boost the need for business-related travel and air freight.


Domestic Scheduled Passenger Services Lead the Way

Revenues for domestic scheduled passenger services are projected to rise 5.7% per annum over the same period, remaining the largest and fastest-growing discrete segment.

Demand is expected to grow as recreational travelers and businesspeople continue to value fast transit times as travel needs increase, while ultra-low-cost carriers will entice consumers that might not otherwise afford to fly, boosting the volume of travelers and total revenue.

These findings are featured in Air Transport Services: United States, a report recently released by Freedonia Focus Reports.

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