|
|
IISIA Monthly Report(October 15, 2008)“Strong Yen”“Cheap Oil”“Open Sky Policy”――Should We Target the Airline Sector Now? 
● Airline Sector Waiting for Cheaper Oil and Stronger YenThe number of Japanese tourists visiting foreign countries has declined for a decade. As the figure 1-1 suggests, it was steadily increasing until 1998. However, the 9.11 simultaneous terrorist attacks, pandemic of SARS, and Iraq War, all of which were the factors hampering the flux of flow of people, happened in the last decade and the number of Japanese tourist has declined accordingly. In the first half of 2008, it is still sluggish. 1The fact that the number of people visiting foreign countries has been declining in Japan, an island country, has dealt a blow in the air travel industry. ...(more) |
NEW RELEASE |