Vunerability of air travel and the meetings industry
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Vulnerability of Air Travel Ian Lee, PhD Carleton University Sprott School of Business Ottawa, Canada
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Delivered at the GMIC conference Dr Ian Lee's presentation about the vuneralbility of airtravel is a shocking reminder that meetings and travel industries will change in the future.
Transcript of Vunerability of air travel and the meetings industry
Vulnerability of Air Travel Ian Lee, PhD
Carleton University
Sprott School of Business
Ottawa, Canada
Fuel Costs as Share of Total Aviation Costs, 1971-2007
Ian Lee, Ph.D, Carleton USprott School of Business
Airline Bankruptcies, 2007-2009
Ian Lee, Ph.D, Carleton USprott School of Business
IATA Objective
Ian Lee, Ph.D, Carleton USprott School of Business
• Fuel efficiency improvement by 2020: 2%
• 1.5% efficiency improvement up to 2020
• 2050 goal: 50% net carbon reduction
• But what is the net effect??
Carbon Footprint of Aviation
Ian Lee, Ph.D, Carleton USprott School of Business
European Airlines in 2015
Ian Lee, Ph.D, Carleton USprott School of Business
2008
$125/barrel
British Airways Lufthansa
AF/KLM Ryanair
easyJet Air Berlin
Iberia SAS
Alitalia Austrian
Finnair Aer Lingus
Virgin Atlantic BMI
2015
$100/barrel
British Airways
Lufthansa
AF/KLM
Ryanair
easyJet
Finnair
Aer Lingus
Virgin Atlantic
2015
$200/barrel
British Airways
Lufthansa
AF/KLM
Ryanair
easyJet
How will this effect the meetings and tourism industries?
What can we do to mitigate the risks?
