Data Points: Why Air Travel Is Bound to Boom
Few sectors will benefit as much from globalization and economic development as air travel. People in emerging economies typically can’t afford to fly much, but as their income rises (the x-axis), so does their number of airplane trips per capita (the y-axis). Note the inflection point when income passes the US$20,000 mark. As tens of millions of people in populous nations such as China and India move into the middle class, the skies will become a lot more crowded.
Source: Booz & Company (Tom Hansson/Marty Bollinger/Timm Pietsch)
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