Canadian Industrial Outlook
This report examines the short-and medium-term economic and profitability outlook for Canada’s air transportation industry.
Canadian Consumers—Canadians have been the number one driver of the air transportation industry’s rapid expansion in recent years. However, the days of rapid consumer debt accumulation are over, and the industry will feel the pinch from much weaker growth in domestic demand moving forward.
Global Economy Slowing—Economic growth is slowing in the four corners of the world, and for the first time since the 2009 recession, the number of international tourists flying to Canada is declining.
Climate Change—Climate change will affect the industry in numerous ways, including making transatlantic trips longer because of stronger jet streams, increasing clear-air turbulence, and weighing on demand growth as more individuals give up on flying in support of a greener future.