UBS survey reveals: ‘flight shame’ and taxes could halve growth in passenger numbers

2 October 2019: When calculating the growth in the aviation industry, the Swiss bank UBS, took into account increases in flight taxes and feelings of flight shame, captured by its 6,000 respondent survey and estimated annual growth in the aviation industry of 1.5% in Europe and 1.3% in the US. By contrast, the plane maker Airbus—without special attention to how taxes and changing social norms might affect customer behavior—predicts a 50% higher growth rate: of 3.0% in Europe and 2.1% in the US. Covering this topic are articles in: Reuters and the BBC.