Deregulation in the European Airline Industry

The European airline market:

Transport is one of the key sectors in Europe with commercial, economic and cultural implications for the European Union citizens. It accounts for over 10% of Europe's GDP and provides jobs to nearly 10 million people. In the last two decades, air transport has shown the maximum rise in passenger volumes, with an average annual growth rate of 7.4%, in terms of passenger per kilometer. Passenger strength rose by 19% during the period 1998-2001, driving demands in the European air markets. Since 1970, cargo traffic moved by air transport has increased five-fold. More than 25,000 planes fly over the European skies on a given day. The European Union is likely to have additional population of some 75 million in the medium term, as ten countries are expected to join the Union in the near future. These countries shall become party...
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