AeroSpace Industry Insights

A decade ago, my colleague Jonas Murby and I gave a speech with a contrarian argument that air travel (as measured by revenue passenger kilometers) could not grow at a 4-5% rate forever and eventually would slow. We argued that the imperative for emissions reduction, the growth of high-speed rail, infrastructure constraints, and air travel maturation in key markets would all contribute to the slowdown. The audience’s reaction to the speech was hardly enthusiastic.