Industry Analysis & Industry Trends
The Global Airlines industry has taken off over the past five years. Airlines have exhibited positive growth since 2010. As unemployment has declined in developed economies and disposable income has risen in emerging economies, vacation and discretionary travel spending has increased. In addition, the number of business travelers, who usually pay a premium for tickets, has increased over the period as corporate profit has risen, which has bolstered businesses' travel budgets. Over the five years to 2021, passenger numbers are expected to rise as income levels increase worldwide and business spending ramps up. Travelers from fast-growing emerging economies will especially benefit the industry... read more
This industry offers various services for businesses and households for the transportation and delivery of goods. Air freight and cargo services are expected to account for 8.4% of revenue generated by this industry according to the latest information published by the International Air Transport Association (IATA). Over the past five years, this segment's share of revenue has declined from an estimated 10.4% in 2011. Demand for passenger transportation has outpaced demand for cargo services, which has resulted in a decline in cargo services' share of revenue.
This segments includes passengers travelling within the geographical boundaries of a country... read more