Tag: Aviation Demand

Aviation Demand refers to the need or desire for air travel services within a specific market or region. It encompasses the number of passengers or cargo that airlines and air transport services can expect to serve over a given period, typically influenced by factors such as economic conditions, population demographics, business activities, tourism trends, and seasonal variations. Aviation Demand is often analyzed through metrics such as revenue passenger kilometers (RPK), which measure the total number of kilometers flown by paying passengers, and freight ton kilometers (FTK) for cargo. Understanding aviation demand is crucial for airlines and stakeholders in the aviation industry to make informed decisions on capacity planning, route development, pricing strategies, and resource allocation to effectively meet the expectations of travelers and shippers.