Aviation/Aerospace Forecast 2005: Industry and Employment Outlook

Abstract

This paper briefly examines the current economic status of the aviation/ aerospace industry, its projected growth to the year 2005, and the prospects for different aviation-related careers during the next decade. Since 1960, the industry has faced a series of boom and bust cycles. As a result of programs to severely cut airline costs, a healthy economy, and continued airline traffic growth, the financial picture for the industry in the decade ahead looks better than it has since 1989, although not all analysts agree on the scope and profitability of that growth. These industry changes, coupled with technological advances, will alter the industry and its workforce requirements. New scientific and management skills will be required. Finally, the paper examines the anticipated demand for personnel in various aviation/aerospace fields from 1995 to 2005.