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RELEASED: JANUARY 2005
After researching the UK airlines industry development and taking into account various other factors the following conclusions can be drawn from MBD's report:
MARKET REVIEW 2000-2004:
The UK airlines industry returned to moderate growth overall in both 2003 and 2004, peaking at an estimated £17.6 billion in 2004. The declining trend in the period prior to this largely reflects a number of economic and social issues. It is apparent that this decline has been arrested more recently, with the underlying growth in passenger numbers largely offsetting price competition. In particular, low cost airlines have reported significant growth since the turn of the decade, opening up air travel to a significant proportion of the population.
MARKET FORECAST 2005-2009:
The UK airlines industry is expected to demonstrate growth, albeit at a moderate level, year-on-year between 2004 and 2009, following a downward trend as a consequence of the negative effects of the continuing weak global economy, the crisis in Iraq and the SARS epidemic. In 2009, the industry is expected to record real term growth of 11% compared with 2004.
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Click here for full details of the UK Airlines Industry Research Report
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