By James Faulkner Since the dawn of civilisation humans have been fascinated with the concept of flight. From the legendary flight of Icarus in Ancient Greece and the Renaissance sketches of Leonardo da Vinci, to the Wright Brothers' first successful manned flight in 1903, we have literally reached for the skies in order to fulfil our ambitions. Yet after more than a hundred years of aviation history, our enthusiasm for air travel shows no sign of abating. In fact, the aviation industry looks set to enter a glorious new era. The world is indeed getting smaller. Here's how to profit from it. The logistics of airline travel are truly astonishing. Every day close to 100,000 flights take off around the world carrying approximately 10 million people per day. This effectively means that a plane takes off somewhere around the world every second of every day of the year. This adds up to over 3.5 billion individual aircraft journeys every year provided by the current global fleet of more than 25,000 commercial passenger aircraft. World GDP growth may be slowing, but the $1.8 trillion global aviation sector shows no sign of losing altitude. Last year passenger numbers rose by 6.5%, surpassing the 5.5% average annual growth of the last decade, according to the International Air Transport Association (IATA). Incredibly, the demand for air travel will likely double by 2035, according to PwC's recent annual report on the state of the worldwide airline industry... Click Here To Read The Full Story The Master Investor Market Report - The FTSE 100 closed the day at 6,699.89, a decrease of 29.10 points.
- The FTSE 250 rose 28.53 points to finish at 17,047.42.
- The FTSE All Share dropped 7.71 points to finish at 3,636.34.
- The FTSE AIM All Share finished at 739.82, up by 3.15 points.
Consumer goods giant Unilever (ULVR) said that underlying sales climbed 5.7% during the first half of its financial year, but total revenues dropped by 2.6% due to adverse currency movement. Core operating margins climbed by 50 basis points to 15%, but management have elected to maintain the current full-year guidance as conditions worsen in certain markets and comparatives become tougher. The shares fell by 41p to 3,534p. |
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