vunerability of air travel and the meetings industry

Vulnerability of Air Travel Ian Lee, PhD Carleton University Sprott School of Business Ottawa, Canada

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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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Page 1: Vunerability of air travel and the meetings industry

Vulnerability of Air Travel Ian Lee, PhD

Carleton University

Sprott School of Business

Ottawa, Canada

Page 2: Vunerability of air travel and the meetings industry

Fuel Costs as Share of Total Aviation Costs, 1971-2007

Ian Lee, Ph.D, Carleton USprott School of Business

Page 3: Vunerability of air travel and the meetings industry

Airline Bankruptcies, 2007-2009

Ian Lee, Ph.D, Carleton USprott School of Business

Page 4: Vunerability of air travel and the meetings industry

IATA Objective

Ian Lee, Ph.D, Carleton USprott School of Business

• Fuel efficiency improvement by 2020: 2%

• 1.5% efficiency improvement up to 2020

• 2050 goal: 50% net carbon reduction

• But what is the net effect??

Page 5: Vunerability of air travel and the meetings industry

Carbon Footprint of Aviation

Ian Lee, Ph.D, Carleton USprott School of Business

Page 6: Vunerability of air travel and the meetings industry

European Airlines in 2015

Ian Lee, Ph.D, Carleton USprott School of Business

2008

$125/barrel

British Airways Lufthansa

AF/KLM Ryanair

easyJet Air Berlin

Iberia SAS

Alitalia Austrian

Finnair Aer Lingus

Virgin Atlantic BMI

2015

$100/barrel

British Airways

Lufthansa

AF/KLM

Ryanair

easyJet

Finnair

Aer Lingus

Virgin Atlantic

2015

$200/barrel

British Airways

Lufthansa

AF/KLM

Ryanair

easyJet

Page 7: Vunerability of air travel and the meetings industry

How will this effect the meetings and tourism industries?

What can we do to mitigate the risks?

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