International aviation recruitment and resourcing solutions firm Aero Professional released a report of the aviation industry trends in 2018
The report outlined key aviation industry trends based on an analysis of a host of key reports and authoritative articles.
International Air Transport Association (IATA): State of the Industry and Global Economic Outlook
Annual passenger numbers are to surpass 4.3 billion by the end of 2018
Overall aviation industry profits are to hit $38.4 billion
2018 will mark the fourth consecutive year of sustainable profits
ROI on capital invested in aviation will be around 9.4%, compared to the average of 7.4%
Total aviation industry employee numbers will rise to over 2.7 million people
The industry will continue to be beset by rising costs, including fuel, labour and infrastructure
However, these costs will be offset by growing demand and improved industry grouping
Asia-Pacific will be a key growth region, with profits projected to increase by $700 million
Domestic markets in China, Japan and India will continue to strengthen
LCCs will have the biggest impact on the ASEAN market