Vunerability of air travel and the meetings industry

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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.

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Vunerability of air travel and the meetings industry

  1. 1. Vulnerability of Air Travel <br />Ian Lee, PhD<br />Carleton University<br />Sprott School of Business<br />Ottawa, Canada<br />
  2. 2. Fuel Costs as Share of Total Aviation Costs, 1971-2007<br />Ian Lee, Ph.D, Carleton USprott School of Business<br />
  3. 3. Airline Bankruptcies, 2007-2009<br />Ian Lee, Ph.D, Carleton USprott School of Business<br />
  4. 4. IATA Objective<br />Fuel efficiency improvement by 2020: 2%<br />1.5% efficiency improvement up to 2020<br />2050 goal: 50% net carbon reduction<br />But what is the net effect??<br />Ian Lee, Ph.D, Carleton USprott School of Business<br />
  5. 5. Carbon Footprint of Aviation<br />Ian Lee, Ph.D, Carleton USprott School of Business<br />
  6. 6. European Airlines in 2015<br />2008$125/barrel<br />British Airways LufthansaAF/KLM RyanaireasyJet Air BerlinIberia SASAlitalia AustrianFinnairAer LingusVirgin Atlantic BMI<br />2015$100/barrel<br />British AirwaysLufthansaAF/KLMRyanaireasyJetFinnairAer LingusVirgin Atlantic<br />2015$200/barrel<br />British AirwaysLufthansaAF/KLMRyanaireasyJet<br />Ian Lee, Ph.D, Carleton USprott School of Business<br />
  7. 7. Howwillthiseffectthemeetings and tourism industries?What can we do to mitigate therisks?<br />

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