Mark Nensel is the Managing Editor of Aviation Daily. Prior to taking the helm of daily production of Aviation Week's commercial aviation newsletter in 2018, Mark was a reporter and data analyst for Air Transport World.
According to the ICAO-sponsored Industry High Level Group (IHLG), by 2034, the aviation industry will provide 99 million jobs and generate $5.9 trillion in GDP, a 122% increase over 2014. But if traffic growth were to slow by only 1% annually, the total number of jobs supported by the air transport sector would fall over 10%, more than 10 million jobs, and the air transport sector’s contribution to world GDP would decrease approximately 12%, or $690 billion.
A study by the London School of Economics and Political Science (LSE) partnered with global mobile satellite communications provider Inmarsat forecasts a $130 billion global market resulting from the proliferation of inflight broadband connectivity in the airline industry over the next 20 years.
