Global Full Service Airlines Market to 2021: Market data and insights on global full service airlines industry
Full service carriers (FSCs) are facing significant competition from LCCs and are aggressively pursuing strategic alternatives, which includes collaborative alliances and code-sharing arrangements. FSCs in Europe have floated their LCC subsidiaries to combat competition. However, LCCs in North America were relatively less affected as there has been a significant degree of consolidation through mergers and acquisitions to sustain the profitability of FSCs in the market.
FSCs are placing increased emphasis on long-haul markets, leaving short-haul markets to LCCs. Therefore, for full service carriers, business traffic on long-haul flights is critical for success in the forecast period. The revenue for FSCs in terms of passenger segmentation is primarily driven by business and executive class passengers, and LCCs usually do not cater to the business and executive class passengers segment.
Major airlines are leveraging disruptive technologies such as big data analytics, robotics, augmented reality, and social media to gain a competitive edge in the fragmented and highly competitive airline industry. The use of these technologies enables dominant full-service carriers (FSCs) to distinguish themselves from low-cost carriers (LCCs) and ultra-low-cost carriers (ULCCs), in an environment where the lines of demarcation from LCCs and ULCC’s with FSCs is increasingly blurred.
India has almost doubled the size of its aviation market in the last four years (from 2012), and the size of the market is expected to increase three-fold in the next 15 years. The surge in passenger traffic is driven by increased disposable incomes and initiatives from the government to make flying affordable for the general population (UDAN scheme).
Emirates Airline has been a powerful force in global aviation with its competitive pricing and superior service strategy. However, along with other prominent FSCs in the Middle East, the company is facing a commercial and business crisis. The economic slowdown in the Gulf caused by the oil price collapse in 2015 has reduced travel demand in the region during the last two years.
The report Global Full Service Airlines Market to 2021, provides a thorough insight into global full service airlines market. The report shades light into the key trends and issues. It offers key insights at regional level and major country level markets analyzing the number of seats available and seats sold, load factor, average revenue per passenger, total revenues, revenue generating passenger kilometers and passenger kilometers available.
Companies mentioned in this report: Deutsche Lufthansa, United Continental Holdings, Emirates Group, Air France-KLM, Delta Air Lines, China Southern Airlines, Qantas Airways, Cathay Pacific Airways, South African Airways (Proprietary) Limited, Ana Holdings