Estimating Regional Air Transportation Demand
North America is the country you will be explaining the forecast of growth
First, briefly explain how Airbus and Boeing develop their 20-year forecasts. Note the factors that influence projected air travel growth; some factors affect the demand curves while others influence supply. Be certain to distinguish between the two. The connection between the microeconomic theory of supply and demand as presented in Baye and Doganis should be explicit. Then explain the forecasts for growth in North America.Provide some perspective to forecast growth in the rest of the world.
For this assignment, the objective is to develop an appreciation theformanagerial economic theory and toolsmethods used by the two largest commercial aircraft manufacturers, Airbus (http://www.airbus.com) and Boeing (http://www.boeing.com/), to forecast demand for air travel and the market for commercial aircraft over the next twenty years. In your review, concentrate on the factors (independent variables) that Airbus and Boeing employ to estimate the demand for air travel growth and how these are used to generate regional estimates for specific aircraft types. First, look for sections in the reports that provide an overview of the forecast methodology. Regression analysis is used extensively, but the technical details are not provided or important for this assignment. An appreciation for how the estimates are generated is sufficient. After you look over the entire reports – Look at North America for more detailed study.
Global Market Forecast XXXXXXXXXX Global Market Forecast Flying on demand 2014 2033Global Market For Global Market Forecast ecast XXXXXXXXXX Introduction 2014, MARKED THE CENTENARY OF COMMERCIAL FLIGHT OPERATIONS, with the first scheduled flight taking off in January 1914. This airboat service carried passengers, one-by-one, between St Petersburg and Tampa in Florida. It took 23 minutes and cost five dollars one way, the equivalent of $116 in 2014 dollars. The same journey took two hours by boat, 4-12 hours by train or up to 20 hours by road. The economic benefits of air transport were clear. Thomas Benoist, the builder of the airboats, said, «Someday, people will be crossing oceans on airliners like they do on steamships today.» As a twenty-year forecast it was not far off the mark! Today, the global airline industry performs around 32 million commercial flights a year, transporting 3 billion passengers and 50 million tonnes of freight. Tampa International Airport handled 17 million passengers in 2013, an incredible evolution in the relatively short time since this first commercial air service. New, emerging markets continue to drive impressive growth, their airlines cutting journey times massively for millions of new travelers. In the year that has passed since our last forecast, aviation has continued to deliver growth and prosperity both locally and globally. ATAG (the Air Transport Action Group) recently assessed the industry’s global economic impact at $2.4 trillion annually, providing employment for nearly 60 million people. Affordable air transport is not purely a consequence of economic growth but is one of its great enablers. The benefits are also clear for millions of passengers flying every day, with aviation playing a key role in lives which are increasingly driven by a global society. In our forecast we take the very latest economic and market data and apply a forecasting methodology developed and refined over decades to give us an...
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here