Airline Catering Services
Aided by the decline in the world price of crude oil, which includes a decline of 47.2% in 2015, the industry has experienced unexpectedly smooth conditions. As a result, industry revenue is projected to increase an annualized 8.2% to $5.3 billion over the five years to 2018, including growth of 5.8% in 2018. Over the five years to 2023, industry growth will be aided by continued economic expansion, which is expected to increase air travel. As a result of increasing air traffic, demand for airport catering services will likely expand.
This industry provides food preparation and catering services for domestic flights, international flights (originating in the United States) and nonscheduled domestic flights (e.g. charter flights). Airline caterers generate revenue through the provision of full meals, beverages, snacks and other items, such as cutlery, napkins and cups.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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