2011 Global Aerospace Outlook
Challenges of an
Ever-Changing Industry
At a Glance
How likely are you to acquire or lease newer, fuel-efficient aircraft within the next five years?
As it looks to regain its footing, today’s airline industry is trying to keep its balance against fluctuating fuel costs, a desire to boost efficiency, and a marketplace that is forcing many into consolidation.
For many, this means improving their overall efficiencies. This is taking the form of building fleets with new, more fuel-efficient technologies, optimizing labor costs, and increasing industry consolidation, all while dealing with the effects of greater global competition. It’s not easy. But they believe that they need to put all these parts in place to move to a period of sustainable growth.
To gauge the impact of these challenges, Forbes Insights, in association with CIT, a provider of transportation finance, surveyed 136 fleet and finance executives at airlines around the world. The survey identified many concerns that these executives will have to deal with over the coming years. Should they be able to address their challenges, they are poised to return to growth as the economy rebounds.