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

Airline Market: Latest Industry Trends and Statistics

  • Currently 4/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
22 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 ยป

Share
24/7 Customer Support

Talk to Sam

+1 718 473 0872

1-10 of about 3400 reports

Global Airline Industry

  • October 2016
    16 pages
  • Airline  

  • United States  

    Europe  

    World  

View report >

Airline Statistics in the US

  • November 2016
    16 pages
  • Airline  

  • United States  

    North America  

View report >

Airline Markets in Europe - Forecast

  • September 2016
    26 pages
  • Airline  

    Airport  

  • Europe  

    Netherlands  

    Norway  

View report >

Airline Industry in Asia

  • August 2016
    18 pages
  • Airline  

    Travel  

  • Asia  

View report >

Airline Industry in Japan

  • February 2016
    13 pages
  • Airline  

  • Japan  

View report >

Airline Industry in France

  • May 2016
    87 pages
  • Airline  

    Marketing  

  • France  

View report >

Airline Industry in Germany, Monthly Update

  • July 2014
    24 pages
  • Airport  

    Airline  

  • Germany  

    United States  

    New Zealand  

View report >

Airline Industry in Italy

  • June 2014
    8 pages
  • Airline  

  • Italy  

    Europe  

View report >

Airline Industry in Europe and the UK - Forecast

  • March 2016
    9 pages
  • Aircraft Manufa...  

    Aircraft  

    Airline  

  • Europe  

    United Kingdom  

    France  

View report >

Airline Industry in Canada

  • August 2016
    40 pages
  • Airline  

  • Canada  

View report >

Search in Airline Industry (About 3400 reports)
Parent industry: Passenger Transportation
Related industries: Railway Passenger Transport, Road Passenger Transport, Maritime Passenger Transport

About 1000 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 87 - $ 14995)

Global Tourism Demand and Flow, 2011 - 2020: Domestic and International Trips Analytics

Global Tourism Demand and Flow, 2011 - 2020: Domestic and International Trips Analytics

  • $ 14995
  • Industry report
  • October 2016
  • by Canadean Ltd

Summary Tourism Demand (Factors that influence time and money spent on tourism. Typical factors include the number of holiday days available to an employee in their country and mean household income) and ...

Global Tourism Spend Analytics To 2020: Accommodation, ...

October 2016 $ 14995

Global Passenger Airlines Market To 2020: Market Segmen ...

October 2016 $ 14995

Enhanced Monthly Statistics

December 2016 $ 9600

Europe Hotels Market Analytics To 2020: Rooms And Reven ...

October 2016 $ 7995

Europe Passenger Airlines Market To 2020: Market Segmen ...

October 2016 $ 7995

Asia-pacific Passenger Airlines Market To 2020: Market ...

October 2016 $ 5995

Monthly Statistics By Route

December 2016 $ 4999

South America Tourism Spend Analytics To 2020: Accommod ...

October 2016 $ 3995

South America Passenger Airlines Market To 2020: Market ...

October 2016 $ 3995

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