Canada’s Air Transportation Industry: A Golden Age

The Conference Board of Canada, June 28, 2017 at 02:00 PM EDT
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Economic conditions for Canadian airlines have been nearly perfect over the past 18 to 24 months. Low oil prices and a favourable currency situation have pushed demand to record levels and the industry’s financial performance has taken off as a result.

The low value of the loonie makes travel to Canada relatively cheaper. Despite the generally weak economic conditions in North America last year, Canadian airlines experienced the strongest demand on record in 2016. The possibility of added competition in the Canadian air travel market will keep downward pressure on air fares in the near term.

Downward pressure on the industry’s profit margin will be most apparent starting late in 2017 and carrying through 2018. Nevertheless, the industry’s outlook has rarely been as bright.

In this webinar, Todd Crawford discusses the golden age for air transportation, including: production, price, investment, employment revenues, labour and material costs, profits and profit margins.

Webinar Highlights

During this webinar, based on the Conference Board’s unique Industrial Economic Trends forecast, Todd will address the following issues:

  • New airlines: The air transportation industry is highly-concentrated, and conditions are ripe for new entrants, but established airlines have the ability to match new competitors with lower prices.
  • Fuel prices: The industry’s fuel efficiency has improved considerably over the past decade, but fuel remains the largest, and most-volatile, component of the industry’s cost structure.
  • Geopolitical risk: Canadian airlines increasingly rely on foreign demand to meet their growth plans. But if global travel and trade is curtailed due to a rising tide of protectionism, there would be negative spinoff effects for Canada’s air transportation sector.

About Todd

Photo of Todd CrawfordTodd Crawford is Principal Economist in the Conference Board's Industrial Economic Trends research group. He conducts industry-specific research on a wide variety of issues including: labour market supply and demand, profitability, public policy, and a variety of economic impact and footprint studies. He has also been responsible for forecasting all matters related to Canada's energy sector. Since joining The Conference Board of Canada in 2006, Todd has moved into increasingly senior roles. Todd has a B.A. in Economics from the University of New Brunswick and an M.A. in Economics from the University of North Carolina.

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Price: $199.00 (CAD)