Charter & Other Nonscheduled Air Transportation Services
Brief Excerpt from Industry Overview Chapter:
Companies in this industry provide on-demand, nonscheduled domestic and international transportation of passengers and cargo. Major companies include US-based Air Transport Services, Atlas Air Worldwide, and NetJets, along with Switzerland's Jet Aviation Management (part of US-based General Dynamics) and the UK's TUI Airways (part of Germany-based TUI Group).
Demand is driven by corporate profits and the needs of the US military. The profitability of individual companies depends on effective marketing and customer service. Large companies have advantages in fleet size and name recognition. Smaller companies can compete effectively by serving small local markets and offering lower prices. The industry is concentrated: the 50 largest companies account for about 70% of industry revenue.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major services include passenger travel (about 65% of industry revenue in the US market) and freight transportation (about 25%). Other services include specialty flying services such as air ambulance and firefighting support.
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