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Passenger Air Transport in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 511 April 2024 Spotlight Report

Revenue

€197.1bn

2019-2024 5.5 %
2024-2029 X.X %

Employees

583k

2019-2024 0.4 %
2024-2029 X.X %

Businesses

5,630

2019-2024 0.9 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

Passenger Air Transport in Europe industry analysis

Companies in the Passenger Air Transport have faced a difficult few years. Their performance was hit hard by the travel restriction imposed after the COVID-19 outbreak, and revenue and passenger numbers have struggled to recover ever since. Many airlines faced financial challenges at the height of the pandemic, given flights were grounded for months, with some requiring government bailouts to stay afloat. This crisis resulted in job losses, reduced flight frequencies and route cancellations, affecting the industry's structure. While vaccination efforts and easing restrictions provided some relief, the industry continues to grapple with uncertainty, including geopolitical challenges and changing passenger preferences.

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Industry Statistics and Trends

Passenger Air Transport in Europe key trends

Airlines power on past COVID-19 disruption.

 

The pandemic decimated revenue by bringing travel to a standstill, but airlines have bounced back through agile operational adjustments, maintaining essential connectivity during challenging times.

Companies implement sustainable recovery strategies.

 

Embracing sustainable practice proves key to aligning operations with environmental goals and ensuring long-term viability in a changing aviation landscape.

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Passenger Air Transport in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Passenger Air Transport in Europe market size (2019-2024)

Industry revenue has declined at a CAGR of 5.5 % over the past five years, to reach an estimated €197.1bn in 2024.

Trends and Insights

Airlines in the Nordic region lead the way in sustainable air travel practices

  • Scandinavia is setting an example in sustainable air travel practices. Norway's Avinor is developing electric aviation with the establishment of charging infrastructure for electric planes.

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Passenger Air Transport in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

Sustainable air travel innovation is shaping a greener future for Europe

  • European aviation is set to focus on sustainability. Norway, a leader in electric aviation, is working on electrifying short-haul flights, with plans to have all domestic flights electric by 2040.

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Revenue

€197.1bn

2019-2024 5.5 %
2024-2029 X.X %

Employees

583k

2019-2024 0.4 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 0.4 % *
  • Job Growth

Top 5 Countries

  1. Portugal +0.8%
  2. Bosnia & Herzegovina 0.0%
  3. Denmark -0.1%
  4. Estonia -0.1%
  5. Finland -0.1%

Bottom 5 Countries

  1. Sweden -5.7%
  2. Latvia -2.9%
  3. Belgium -1.8%
  4. Germany -1.4%
  5. Ireland -0.9%

* CAGR values are for the years 2019-2024.

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Biggest companies in the Passenger Air Transport in Europe

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Deutsche Lufthansa AG
34,458.9
1,259.5
3.7
Air France-KLM SA
27,724.7
1,406.5
5.1
International Consolidated Airlines Group SA
24,236.8
2,414.1
10.0

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Passenger Air Transport in Europe

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Top Questions Answered in this Report

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What is the market size of the Passenger Air Transport industry in Europe in 2024?

The market size of the Passenger Air Transport industry in Europe is €197.1bn in 2024.

How many businesses are there in the Passenger Air Transport in Europe industry in 2024?

There are 5,630 businesses in the Passenger Air Transport industry in Europe, which has declined at a CAGR of 0.9 % between 2019 and 2024.

Has the Passenger Air Transport industry in Europe grown or declined over the past 5 years?

The market size of the Passenger Air Transport industry in Europe has been declining at a CAGR of 5.5 % between 2019 and 2024.

What is the forecast growth of the Passenger Air Transport industry in Europe over the next 5 years?

Over the next five years, the Passenger Air Transport industry in Europe is expected to grow.

What does the Passenger Air Transport in Europe include?

Domestic air passenger transport and International air passenger transport are part of the Passenger Air Transport industry.

Which countries have the most businesses in the Passenger Air Transport industry in Europe?

The European country with the most businesses in the Passenger Air Transport industry is Poland.

How competitive is the Passenger Air Transport industry in Europe?

The level of competition is high and increasing in the Passenger Air Transport industry in Europe.

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Table of Contents

About this industry

Industry definition

Companies in this industry provide air transport services for passengers over regular routes and on regular schedules. The industry also includes charter flights for passengers.

Related Terms

LOW-COST CARRIERSINTRA-EU FLIGHTSNATIONAL FLIGHTS

What's included in this industry?

Domestic air passenger transport International air passenger transport Non-scheduled charter flights for passengers Private jets

Companies

Deutsche Lufthansa AGAir France-KLM SAInternational Consolidated Airlines Group SA

Industry Code

ISIC 2006

511 - Passenger air transport in Europe

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Performance

Key Takeaways

Airlines in the Nordic region lead the way in sustainable air travel practices

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Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue in the Passenger Air Transport in Europe industry (2011 -2029)
  • Employees in the Passenger Air Transport in Europe industry (2011 -2029)
  • Business in the Passenger Air Transport in Europe industry (2011 -2029)
  • Profit in the Passenger Air Transport in Europe industry (2011 -2029)
Analysis

What's driving current industry performance in the Passenger Air Transport in Europe industry?


Outlook

Analysis

What's driving the Passenger Air Transport in Europe industry outlook?


Volatility

Analysis

What influences volatility in the Passenger Air Transport in Europe industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Passenger Air Transport in Europe industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Airlines diversify their services and explore new markets. This is helping companies adapt to evolving travel trends and address diverse consumer needs.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Passenger Air Transport in Europe industry's products and services performing?

Analysis

What are innovations in the Passenger Air Transport in Europe industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Passenger Air Transport in Europe industry?


International Trade

Highlights

  • Largest Importer
  • Smallest Importer
  • Total Imports into Europe
  • Largest Exporter
  • Smallest Importer
  • Total Exports into Europe
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Revenue by Region (2024)
  • Share of Total Industry Enterprises by Region (2024)
  • Share of Total Industry Employment by Region (2024)
  • Share of Total Industry Wages by Region (2024)

Industry Geographic Breakdown

Data Tables

Values and annual change provided for 37 European countries:

  • Revenue (2024)
  • IVA (2024)
  • Enterprises (2024)
  • Employment (2024)
  • Exports (2024)
  • Imports (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

The dominance of a handful of airlines creates competition concerns. Though high concentration helps keep the market stable, consumers have fewer airlines to choose from.

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Supply Chain

Charts

Buyer and supply industries

Companies

Market Share

Charts
  • Industry Market Share by Company (2019-2024)

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit Margin (2024)

Data Tables
  • Countries of operation for Deutsche Lufthansa AG
  • Countries of operation for Air France-KLM SA
  • Countries of operation for International Consolidated Airlines Group SA
  • Countries of operation for Turkish Airlines Inc
  • Countries of operation for Ryanair Holdings plc
  • Countries of operation for easyJet plc
  • Countries of operation for PJSC Aeroflot - Russian Airlines
  • Countries of operation for Wizz Air Holdings plc
  • Countries of operation for Scandinavian Airlines System AB
  • Countries of operation for Norwegian Air Shuttle ASA

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Regulations centre around safety and innovation. Strategic regulations ensure safety but encourage airlines to innovate and adapt their services, requiring airlines to strike a delicate balance.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Passenger Air Transport in Europe industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Airlines’ profitability comes under pressure. Profit plunged at the height of COVID-19 and its recovery has been slow in the years since, limited by weak demand, operational disruptions and economic uncertainties.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Passenger Air Transport in Europe industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

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