Despite a downturn in the global economy, and the potential
short-term effects this may have on the industry, the long-term
prospects for the aviation sector are healthy. While the Economist
Intelligence Unit expects the number of global air passengers to
grow at just 2 per cent in 2009 – with the number in
Europe stagnating completely – between 2010 and 2012
strong growth of 4.2 per cent globally and 2.9 per cent in Europe
is expected.
One might assume, therefore, that prospects for European
airports would be equally rosy. However, growth in air traffic will
be faster than the increase in capacity in Europe's
already-overstretched major airports.
If European airports cannot keep up with demand, then airlines
will look outside the region. Particularly vulnerable will be
connecting services – which account for between a third
and a half of all passengers at Europe's major hubs. European
airports
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