BRIC air transportation market: CAGR growth of 10-15% between 2012-2016

Press release   •   May 01, 2013 14:10 BST

The BRIC air transportation market is booming. All four nations have substantial populations combined with a large geographical area making air travel the most efficient way of travelling around the country.

Whilst schedule airlines are showing growth, it is the low cost carriers in the BRICs that are trail blazing within the industry, with China, India and Russia all predicted CAGRs of 15% or more over 2012-2016, and Brazil slightly more sedate at 10%.

Rising disposable incomes and burgeoning middle classes in these countries are driving growth in air travel, with low cost flights offering good links to domestic and regional destinations at reasonable prices.

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