Airline Market is Projected to Hit US$ 1723.91 Billion with 8.8% CAGR by 2034 | Fact.MR Report [Yahoo! Finance Canada]
AIR FRANCE-KLM ADS (AFLYY)
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Source: Yahoo! Finance Canada
Rockville, MD , Nov. 12, 2024 (GLOBE NEWSWIRE) -- According to a newly published research report by Fact.MR, a market research and competitive intelligence provider, revenue from the global airline market is estimated to touch a value of US$ 810.1 billion in 2024. The market is analyzed to expand at a noteworthy CAGR of over the next ten years. Due to developments in aviation technology, airlines are saving significant amount of money, especially on the creation of fuel-efficient aircraft and enhanced air traffic control systems. These improvements are reducing fuel use and streamlining flight operations, enabling airlines to offer tickets at lower prices. Aside from this, improved technology facilitates the addition of new routes and raises the standard of travel by enabling more accurate scheduling and reduced delays. Because of this, airlines are able to attract more passengers, which is contributing to the growth of the aviation sector. The North American region is leading th
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