Better Tracking and Management
The global airline industry continued to grow in 2014, with profits projected to expand from $12.9 billion in 2013 to $18.7 billion by the end of this year. Key factors driving this increase include continued improvement in overall economic conditions, greater air cargo volumes and stable fuel prices. However, the razor-thin profit margin of 2.5 percent is susceptible to various risks, including the possibility of higher fuel prices due to political crises around the world. In addition, new orders for Airbus and Boeing aircraft are expected to be half of the nearly 3,000 ordered in 2013.
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