Charter Flights in the US
The Charter Flights industry is flying again following several years of unexpected turbulence caused by the recession. Despite a slow start at the beginning of the period, industry revenue is expected to increase over the five years to 2016. However, a persistent decline in oil prices is expected to force operators to reduce prices to remain competitive, hurting revenue. The industry's recovery is expected to continue over the next five years, driven by higher per capita income and corporate profit.
Companies in this industry provide air transport services on an irregular or nonscheduled basis for passengers and cargo, also referred to as a charter arrangement. Industry operators allow people to fly where they want (in terms of destination and airport) and when they want, as opposed to commercial airlines that operate on a fixed schedule of destinations and times. This industry also includes scenic tours and sightseeing services.
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.