Despite rising levels of airborne passenger and cargo traffic, revenue for the Global Airlines industry has grown sluggishly over the past five years as volatile fuel prices and growing competition have placed downward pressure on airline ticket prices and freight shipping rates, constraining industry revenue growth. Moreover, the total value of world trade has decreased over the past five years, limiting demand for cargo transportation services. At the same time, recent growth in global per capita income has fueled demand for airline passenger transportation. Moving forward, industry revenue is projected to prosper as continued increases in global per capita income and travel activity are bolstered by economic growth in Asia and other emerging markets. Moreover, the price of jet fuel is expected to rebound in coming years, enabling operators to generate significant revenue by implementing fuel surcharge fees and raising ticket prices.
The Global Airlines industry includes airlines that transport passengers over scheduled or nonscheduled routes, both domestically and internationally. Cargo that is transported within passenger aircraft is also included in this industry, though dedicated cargo airlines are excluded from this industry definition.
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.