Global Industry Forecasts > Quarterly Industry Forecasts > Aerospace

Although the global aerospace industry is still on track for 1¼% growth this year, concerns are mounting. A series of terrorist attacks compounded by the recent EgyptAir crash have hit summer holiday bookings, curtailed Middle East and other oil-producer business travel and raised the threat of excess capacity this year triggering lower air fares. Furthermore, jet fuel prices have now bounced back by over 30% since February, although they are still well below year-ago levels.