With global aviation passenger numbers rebounding, emerging markets are looking to capture market share through increased investment and sustainable aviation fuels (SAFs).
As OBG reported in February, tourism figures rebounded in 2022, thanks to the easing of COVID-19-related restrictions and increased investment in tourism. The sector’s recovery is set to continue, with international tourist arrivals likely to reach 85-90% of pre-pandemic levels in 2023.
Revenue is also on the upswing for the global aviation industry after an estimated $9.7bn in losses posted in 2022, compared to $42.1bn in 2021 and $137.7bn in 2020. Figures are expected to return to net positive in 2023, with the global aviation sector on track to record $4.7bn in profit.
Fidelity Emerging Markets Limited (LON:FEML) is an investment trust that aims to achieve long-term capital growth from an actively managed portfolio made up primarily of securities and financial instruments providing exposure to emerging markets companies, both listed and unlisted.
