How Will The Euro’s Decline Affect US-Europe Travel?

One of the most fascinating things about the commercial aviation industry is the level of interaction that supply and demand for air travel have with global macroeconomic conditions. On the supply side, airline profits are overwhelmingly driven by fuel prices, with costs rising significantly during times in which fuel prices are high and dropping significantly when they are lower. Other supply-side factors that have a major impact on airline operations include labor market conditions and raw material availabilities, as many rare-Earth minerals are crucial components of modern aircraft construction, especially when it comes to their advanced electronics.