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 past five years as corporate profit has risen, which has bolstered businesses' travel budgets. Over the five years to 2020, 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.
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Mainline carriers are the industry's largest product segment, accounting for an estimated 64.5% of industry revenue. Mainline carriers are flag carriers that have large and well-developed home markets. They also have the capacity to exploit deregulation through global alliances and acquisitions. These airlines typically generate over $1.0 billion in annual revenue and offer domestic and international flights, focusing on long-haul routes between and beyond the main alliance hubs. Many mainline carriers also have subsidiaries or affiliates – often with the same company logo – that provide regional transportation to connect passengers to major airline hubs. Once the passengers reach the hubs, mainline carriers then transport the passengers... read more