2017: The Safest Year to Fly in History
As a huge aviation buff, I thought I would share one of the most fascinating new stories of 2017 that ought to have a resonating impact on the airline industry and in turn their respective stocks.
According to this fascinating data collected by Statista (which you can read by CLICKING HERE), 2017 was the safest year in all of history for commercial aviation. The data released by The Aviation Safety Network reveals that there were no crashes involving commercial airliners anywhere in the world last year, despite the volume of air traffic reaching a historic high. When acts of suicide, sabotage and hijacking are excluded, the year saw 14 air accidents with 59 deaths. That represents an improvement on 2016 when there were 17 accidents and 258 fatalities.
The worst incident of 2017 occurred in January when a Boeing 747 cargo plane crashed into a village in Kyrgyzstan, resulting in the deaths of all four crew and 35 people on the ground. The accident with the most on-board fatalities happened at on New Year's Eve when a Cessna 208 Caravan crashed in Costa Rica, killing all 12 people on-board. Since this data is concerning commercial (passenger) planes, The Aviation Safety Network did not include accidents involving helicopters and military aircraft. As such, incidents such as the crash of a Myanmar Air Force Y-8 transport aircraft in June that killed 122 people was omitted.
The most recent accident involving a commercial airliner happened in Colombia in November 2016. It involved an Avro RJ85 operated by LaMia with 71 of the aircraft's 77 occupants losing their lives. The following infographic shows the trend in fatalities from 1972 to 2017.
2005 was the last year where there were more than 1,000 deaths on commercial flights and the trend has continued on its downward trajectory.
Currently, the accident rate stands at one fatal passenger flight accident per 7,360,000 flights -- you had better like those odds...
For some reference, you have a 1 in 96 chance of dying from a drug overdose, a 1 in 645 chance of dying in an automobile accident, and a 1 in 161,856 chance of death from lightning.
Those figures really do mean something, and the fact that this cause of death has plummeted since the 1970s show that the industry is clearly doing something right. Airline and airline manufacturer stocks are clearly leveling-off on the value front and are less and less "growthy" as the years go by.