Industry Analysis & Industry Trends
The industry is pulling together after massive losses during the global downturn. Revenue for the Global Passenger Airlines industry is estimated to increase at an annualized rate of 3.5% per annum over the five years through 2011 to reach $598 billion. Industry revenue is expected to experience more stable growth during 2011 compared with the past five years, at an estimated rate of 6.6%.
Conditions are greatly improved compared with 2009 – one of the worst years for airlines. The main reasons for a decline in sales during 2009 were the easing of average airfares and declining passenger numbers. The total number of passengers flying in 2009 contracted 1.1%, with a stronger decline in international flights compared than domestic... read more
Industry Locations
Passenger airlines are a vital element of countries around the world as it stimulates national economies, global trade and tourism. Shares of the world's passenger traffic center around North America, Europe and Asia Pacific. Like any transport industry, air transport is associated with international trade. The performance of this industry depends on the same broad factors that determine economic performance such as consumer, the level of disposable income and employment. In addition, it also includes various ancillary services such as ground handling, airports, leasing (space) and catering.
North America
North America is the world leader in the Passenger Airlines industry and represents 44.3% of industry revenue... read more