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Pratt & Whitney reboots its economic early warning system

Pratt & Whitney use air traffic data to monitor the health of the world economy. With a direct correlation between GDP growth and air traffic development, the latter is a leading indicator of what the future holds for the company, and they use it to ensure their strategy is on track and locate potential problem areas. Airline-level data helps them to forecast demand for their equipment and services and, through monitoring year-on-year changes, any fluctuation in the industry can be taken into consideration in planning and decision-making processes.