In the 15 years since the terrorist attacks on Sept. 11, the United States airline industry has been trending down. The bad news has included higher fuel prices, delays at times caused by added security along with legacy airlines consolidating and going bankrupt
Over the last decade, U.S. airlines have eliminated over 150,000. However, decreasing oil prices has led to lower fuel prices plus the consolidation of four major carriers has helped the industry turn the corner.
The airline industry has added 13,000 full-time workers, another increase from smaller growth in 2014. American Airlines and Southwest Airlines have added more than 8,000 positions during a 12-month period that ended in November.
More Growth For Easy Jet?
In another indication that the airline industry is on the upswing, Easy Jet expects to continue growth that started six years ago. The budget airline believes that the Europe’s airline sector is headed for further consolidation and opportunities for growth.
“I definitely think there will be consolidation in Europe,” said Carolyn McCall, chief executive for Easy Jet. “If you actually look at the whole of Europe, we still see massive opportunities for growth.”
Economic Concerns Cloud Singapore Airshow
As evidence of the two previous stories in this roundup, a growth in incomes through Asia has spurred more air travel. That’s good news for the airline industry.
This week’s bi-annual Singapore Airshow is a major showcase and aerospace leaders from around the world are gathering to see and be seen. But there’s an undercurrent of tension and uncertainty because of the issues facing the global economy.
The aerospace industry has seen growth each of the last eight years. And while tumbling oil prices mean airline fuel prices are reduced, there are concerns the economy in China and Japan.
We Told You To Be Careful With Your Drone
Riddle, 28, spent several hours in a holding cell in New York City after he operated a drone near the Empire State Building. Riddle was filming footage for a video project he was putting together for connecting nonprofits.
After researching on Google (he apparently missed this site), Riddle thought his quick drone flight would be legal. He even asked a couple of nearby NYC police officers who cleared his flight plan. Unfortunately, things got complicated, Riddle was arrested, arraigned and released.