Alternate Streams Of Revenue Generation For Airlines
Posted: Dec 21, 2018
The global air transportation market, a part of the transportation service industry, grew at a compound annual growth rate (CAGR) of around 3% during the historic period. The transportation service industry showed a steady growth. This market has registered steady growth rate in the historic period due to decline in oil prices allowing for cheaper air fares, strong economic conditions prevailing in emerging countries such China and India, rising disposable income and stable economic growth in developed countries in the historic period
In the forecast period, the global air transportation market size is expected to be over $700 billion by 2021, growing at a CAGR of nearly 4.5%. This is expected due to stable economic growth outlook in many developed and developing economies and increasing public and private investments to develop airports in untapped regions industry is likely to boost the market during the forecast period. Furthermore, rising population, increase in dispensable income, and increasing per capita incomes are expected to drive the global air transportation market in the future.
Find TBRC’s report on the air transportation market: https://www.thebusinessresearchcompany.com/report/air-transportation-global-market-report-2018
Global airlines are focusing on alternate streams of revenue to increase revenues and profit margins. This is mainly due to increasing competition in the air transportation industry as airlines are cutting ticket prices owing to decline in aircraft turbine fuel costs, thus having a negative impact on profit margins.
Major companies in the air transportation market, offering new technology include American Airlines Group, Delta Air Lines, United Continental Holdings, Lufthansa Group, FedEx, Air France – KLM, International Airlines Group, Emirates Group, Southwest Airlines, and China Southern Airlines. Download a sample report: https://www.thebusinessresearchcompany.com/sample.aspx?id=7&type=smp
The air transportation industry uses aircraft, such as airplanes and helicopters to provide air transportation services of passengers and/or cargo. It includes services offered by both scheduled and nonscheduled air carriers, however, scenic and sightseeing air transportation and air courier services are not included under the air transportation industry.
The top five companies covered are American Airlines Group, Delta Air Lines, United Continental Holdings, Lufthansa Group and FedEx. American Airlines Group was the largest company in the air transportation market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The air transportation market is segmented into Passenger Air Transportation, Chartered Air Transportation and Cargo Air Transportation.
Passenger Air Transportation companies offer scheduled domestic and international passenger air transportation.
Chartered Air Transportation companies offer non-scheduled air transportation of passengers and goods by aircraft, at a toll per mile or per hour for the charter of the aircraft.
Cargo Air Transportation establishments offer air transportation of cargo and mail on a contract basis over fixed international routes.
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