A century in the air
We have been flying for 100 years. “We” in this sentence means
ordinary passengers. True, the first powered flight took off 111 years
ago, but flying was confined to daredevil aviation pioneers in those
early days. The first commercial flight - which involves the carriage of
fee-paying passengers - took off only in 1914. Taking off from St.
Petersburg, Florida and flying to Tampa, the Benoist flying boat was
piloted by Tony Jannus, with the former mayor of St. Petersburg Abram C
Pheil as the sole passenger. It was a landmark in aviation and the
industry has never looked back since then.
Commercial aviation is easily among the top innovations that have
changed our lives and made the world a smaller place. In this sense,
only the motor car can claim a similar place. Just look at the
statistics: A century after the first commercial flight took off, around
US$746 billion is expected to be spent this year on global air travel, a
record 3.3 billion passenger journeys will be taken and 1,400 aircraft
help will enter the skies this year alone. Aircraft manufacturers
forecast there would be demand for more than 35,000 new planes worth
US$4.8 trillion over the next 20 years. By 2032 the global fleet will
top 40,000. (It is already over 30,000 not counting helicopters).
There are around 90,000 commercial and general aviation civilian
flights every day, originating from 9,000 airports around the world. At
any given time, there are between 10,000 and 13,000 planes in the air.
Commercial jet aviation is an exceptionally safe way to get from A to B.
More than three million people around the world fly safely on commercial
aircraft every day. In fact, it is much safer to be in the air than on
the road. The total number of road deaths since the car came to the
mainstream is much higher than the number of fatalities in plane crashes
since the dawn of commercial aviation.
The risk of being involved in a commercial jet aircraft accident
where there are multiple fatalities is approximately one in three
million. To put this in perspective, you would have to fly once every
day for more than 8,200 years to accumulate three million
flights. Thirty years ago, fatal accidents on commercial jetliners
occurred approximately once in every 200 million Km flown. Today, it’s
two billion miles flown for every fatal accident - a 10-fold safety
improvement. And safety will improve with the lessons learnt from those
rare tragedies, such as the disappearance of flight MH370 which has
prompted calls for better tracking of aircraft and downloading of black
box data in real time.
Invention
Aviation has changed a lot during the past 100 years. The invention
of the jet engine was the single biggest advance in aviation in this
period, because it enabled faster, more comfortable travel. The first
jetliner de Havilland DH 106 Comet changed the face of air travel and
the planes that came in its wake, such as the Boeing 757, 747, 767, 777,
McDonnell Douglas MD-80, Lockheed Tri-Star and the Airbus family of
aircraft have made flying an everyday experience.
But flying is not still exactly cheap. In a famous case study, a
computer executive is reported to have said that air tickets would only
cost a few dollars if the aviation industry saw the same economies of
scale achieved by the computer industry. The airline industry is
apparently very profitable, judging by the revelations made at the
recent IATA (International Air Transport Association) in Doha, Qatar.
The delegates were told that airlines make a profit of only US$5.42
for each passenger they carry. This could be even less for the low cost
carriers (LCC). “With a net profit margin of just 2.4 percent, airlines
only retain $5.42 per passenger carried,” said Tony Tyler CEO of IATA at
the group's 70th AGM.
The industry is collectively expected to make a post-tax profit of
$18 billion this year, up from $10.6 billion last year and a record
amount but that does not apparently always translate well to pure profit
for individual airlines.
IATA suggests that if fuel prices - one of the biggest costs to
airlines - were to fall, then because of the keenly competitive nature
of the industry it would be the customer that would be the beneficiary.
Even with high fuel prices IATA forecasts that on average fares this
year will fall by around 3.5 percent. Indeed, LCCs have made flying much
more affordable and many customers are willing to forego meals and
certain other amenities for a cheaper flight.
Passengers
The so-called full-service (and full fare) airlines are trying to
entice more passengers with better aircraft such as the Airbus A380 and
the Boeing Dreamliner 787 and individual countries are also seeking more
aircraft and passengers for their airports.
The Business and First Classes often rival hotels on the ground as
airlines go the extra mile to pamper their well-heeled guests.
The Asia-Pacific region is fast becoming the hub of world aviation –
Singapore and Dubai are among the world’s busiest airports already.
Connectivity is the name of the game as airports and airlines seek more
destinations against their names.
This has brought previously remote regions closer, such as South
America and Asia, which now have direct flights.
Airlines too have formed alliances to leverage their synergies and
also to add more destinations in just one click. Accordingly the world’s
major airlines have formed three alliances - oneworld (of which
SriLankan Airlines is the newest member), Sky Team and Star Alliance,
which enables them share resources on a vast network. The passengers
also benefit through enhanced seamless connections and easy frequent
flier miles accumulation across all airlines in a given group.
There is no doubt that aviation will continue to change the way we
see the world.
We might see faster planes, new fuel varieties, better safety and
security systems, better airports and more flights to more destinations.
But the magic of flying will remain undiminished, just as it was in
1914.
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