15 Fastest Growing Industries in the World

8. Airlines

Revenue Growth 2019-2020: 13.2%

The Airlines industry is defined as airlines that transport passengers over scheduled or nonscheduled routes, both domestically and internationally. Transportation of cargo within passenger aircraft is included in this industry, but cargo-specific airlines are not. The industry forms a key part of the tourism and travel industry, and also creates many jobs such as pilots, flight attendants, and ground crew. The industry had been experiencing a steady growth before going through a sharp decline in 2020 due to the Covid-19 pandemic travel restrictions. Recently, the industry has picked up again as growth in global per capita income has caused increased demand in airline passenger transportation once again. Delta Airlines (NASDAQ:DAL) and American Airlines (NASDAQ:AAL) are among the biggest airlines in the world, and have suffered losses worth billions of dollars in 2020.

Pixabay/Public Domain