After years of high profitability, the airline industry appears to be entering its next downturn. The International Air Transport Association is predicting much reduced profits for 2017 in most markets as airlines are no longer benefiting from lower oil prices and overcapacity increasingly becomes a problem in many segments. The market is turning as Airbus and Boeing boost output of key aircraft models such as the new narrowbody A320neo and 737 MAX and as Bombardier's C Series begins commercial service.
See Also
Key Commercial Aircraft Programs Arrive As Market Weakens
Business Aviation In Search Of Business Models That Boost Demand
UAS In 2017: Retooling ATC For Beyond-Visual-Line-Of-Sight Operations
What Commercial Aviation Tech Advances Can We Expect In 2017?