1. Market Research
  2. > Tourism and Leisure
  3. > Tourism
  4. > Passenger Transportation Market Trends
  5. > Airline

The industry of flight companies: latest reports and trends

  • Currently 4/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
20 votes

Global Airline Industry

The global airline industry expanded by 12% in 2010 to generate revenue of more than $501 billion and, therefore represents a strong segment of the passenger transportation industry. MarketLine predicts the industry will be worth almost $714 billion in 2015, representing 42% growth in five years. In terms of volume, the global airline industry grew 6% in 2010 to reach almost 2.4 billion passengers; this figure is forecast to climb more than 28% by 2015 to exceed 3 billion passengers.

Domestic demand represents the leading market segment within the global airline industry, accounting for almost 65% of the overall industry in terms of volume. Regionally, the Americas hold almost 45% of the industry in terms of value.

Obstacles faced by airline operators include uncertain economic climate, slow economic growth and climbing crude oil prices, reports Global Industry Analysts. The economic recession took its toll on the industry as air travel plunged despite falling oil prices. As consumers cut back on non-essential spending, such as travel and holidays, due to falling levels of disposable income, rising unemployment and economic volatility, the global transport industry saw revenue fall.

Apart from declining passenger numbers, airports also saw cargo volumes fall significantly in 2008 and 2009 as demand for goods declined, dragging down cargo volume shipments and pushing the airfreight industry into a turbulent period.

In 2010, a rise in air traffic served well for the global airline industry, though climbing fuel prices have boosted costs of operations, putting a dent in industry profit. Other negative factors facing industry players include raised concern over security, unstable exchange rates, political unrest and natural disasters.

Regional Market Share

The EU airline industry generated almost $166 billion in 2010, having maintained yearly growth of 5% for the four preceding years, according to research from MarketLine. In the four-year period ending 2010, industry volumes witnessed close to 3% yearly growth to exceed 745 million passengers. Market growth is predicted to accelerate to a yearly rate of almost 9% between 2010 and 2015, which will see the industry exceed $251 billion.

Asia Pacific’s airline sector was worth close to $90 billion in 2010. MarketLine estimates the region’s yearly growth in the sector exceeded 3% between 2006 and 2010. In terms of industry volume, annual growth over the same period reached almost 6% to exceed 600 million passengers in 2010. Growth in the Asia Pacific airline sector is predicted to exceed a yearly rate of 7% for the five-year period ending 2015, bringing the overall industry value to more than $126 billion.

Market Outlook

The global airline industry has had to change its strategic approach in a bid to limit the damage incurred due to the global economic downturn. Such changes include making airfare more accessible to passengers to boost numbers, consolidation within the industry and capacity rationalization, reports Global Industry Analysts.

Consolidation has played a central role in the global airline industry over recent years and has helped it remain afloat despite falling passenger numbers and declining cargo volume shipments. Industry players have tried to make operations more efficient and boost profitability through consolidation. One way of boosting airline efficiency has involved the acquisition of new aircrafts, which has allowed airlines to better manage their costs and streamline operations.

Read more »

Share
24/7 Customer Support

Talk to Sam

+1 718 473 0872

1-10 of about 500 reports

Global Airline Industry

  • January 2016
    17 pages
  • Airline  

  • United States  

    Canada  

View report >

Airline Industry in the US Forecast

  • November 2015
    59 pages
  • Airline  

  • United States  

    Europe  

View report >

Airline Industry in Europe Forecast

  • December 2015
    8 pages
  • Airline  

    Aircraft  

  • Europe  

    World  

View report >

Airline Analysis in Asia and Thailand

  • January 2014
    41 pages
  • Air Cargo  

    Aircraft Manufa  

    General Aviatio  

  • Asia  

    Thailand  

    World  

View report >

Airline Markets in Canada

  • March 2015
    85 pages
  • Airline  

    Transportation  

  • Canada  

    Europe  

View report >

Airline Industry in Brazil

  • January 2015
    10 pages
  • Airline  

  • Brazil  

    Venezuela  

    South America  

View report >

Low Cost Airline Analysis in Russia

  • June 2013
    15 pages
  • Low Cost Airlin  

    Airline  

  • Russian Federat  

    Europe  

    Ukraine  

View report >

Airline Analysis in India Forecast Weekly Update

  • August 2015
    9 pages
  • Airline  

  • India  

    Asia  

    Australia  

View report >

Airline Industry in China Forecast

  • January 2015
    12 pages
  • Airline  

  • China  

View report >

Airline Industry in Indonesia

  • October 2015
    8 pages
  • Airline  

    Taxi Service  

  • Indonesia  

    United Kingdom  

    Asia  

View report >

Search in Airline Industry (About 500 reports)
Parent industry: Passenger Transportation
Related industries: Railway Passenger Transport, Road Passenger Transport, Maritime Passenger Transport

About 900 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 63 - $ 3 450)

The Global Low-Cost Airline Market to 2019

The Global Low-Cost Airline Market to 2019

  • $ 3 450
  • Industry report
  • January 2016
  • by Canadean Ltd

Summary In terms of revenue, the global airline industry has grown rapidly over the years. As per the International Air Transport Association (IATA), revenues increased from US$369 billion in 2004 to US ...

The Global Full-service Airline Market To 2019

December 2015 $ 3 450

Global Commercial Aviation Crew Management Systems Mark ...

January 2016 $ 2 500

Global Full-service Carrier Market 2016-2020

November 2015 $ 2 500

Travel And Tourism In India To 2020

January 2016 $ 1 950

Travel And Tourism In Portugal To 2019

November 2015 $ 1 950

Travel And Tourism In Finland To 2019

November 2015 $ 1 950

Budget Airlines Global Industry Report

February 2016 $ 1 294

Airlines In The United Arab Emirates

December 2015 $ 992

Singapore Airlines Ltd (sia) In Travel (world)

December 2015 $ 570

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.