This blog has been created to provide an area for economics students to read about how economics impacts daily life. It is especially useful for students to understand the application of macroeconomics as communicated through the media and governmental websites.

This online resource has been set up for educational purposes.All rights are reserved by the various websites.

For further clarification, please email

Air Travel - Demand and Supply

Industry sources say tickets, in general, are not that easy to come by, even outside the traditional June, November and December travelling periods for Singaporeans.

Sure, 79 airlines operate 4,180 flights to 185 cities out of Changi International Airport but Singaporeans are not the only people boarding the planes.

Changi's strategic position means that airlines like Emirates, Swiss International and Qantas use Singapore as an important hub to pick up passengers from around the region.

According to the International Air Transport Association, global passenger traffic reached an all-time high of 4.4 billion last year, up 4.8 per cent from 2005.

Business picked up in 2004 and 2005 after the Sars epidemic and bird flu virus scare, say industry sources, and has continued despite fears of terrorist attacks.

One reason for the supply crunch has been the delayed delivery of the Airbus 380 superjumbo plane which many airlines, including SIA and Emirates
 blog it