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AirlinesPublished by: First Research, Inc. Published: Feb. 4, 2008 - 10 Pages Table of Contents
AbstractThe US airline industry consists of about 3,000 companies, with combined annual revenue of $120 billion. Major airlines include American, United, and Delta, and the air operations of cargo and courier companies, such as FedEx and UPS. The industry is highly concentrated: almost 90 percent of revenue comes from the top 12 companies.The government classifies airlines as "major," "national," "regional," and various others. About 40 national airlines have annual revenue between $100 million and $1 billion, and 90 regional airlines have annual revenue under $100 million. The remainder of the industry consists of small air companies that generally have annual revenue between $5 and $50 million. COMPETITIVE LANDSCAPE Airlines depend highly on the health of the US economy, which affects air travel by business and consumer passengers. Because many costs are fixed, the profitability of individual companies is determined by efficient operations and on favorable fuel and labor costs. Small airlines can compete by servicing local or regional routes. The industry is highly capital-intensive. Average annual revenue per employee is about $200,000. PRODUCTS, OPERATIONS & TECHNOLOGY Airlines carry passengers, cargo, and mail, or have specialized functions, such as medical air transport or oil platform servicing. Flights may be scheduled or nonscheduled (charter). About 70 percent of industry revenue comes from scheduled passenger traffic, 10 percent from carrying cargo and express mail, 4 percent from charter flights, and 1 percent from hauling US mail. Other revenue comes ... Get Full Details About This Report >> |
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