A March 2015 forecast released by the Federal Aviation Administration predicts that air travel will grow steadily for the next 20 years, the LA Times reports. Despite whether oil prices will rise back to $100 a barrel, the FAA says by 2029 there will be 1 billion passengers traveling on U.S. airlines.
Not only will the industry increase capacity, they will do so at a more measured pace than in previous years.
Article summary written by U.S. Global Investors.