This report covers market characteristics, size and growth, segmentation, regional breakdowns, competitive landscape, market shares, trends and strategies for this market.
The global air transportation market was estimated to be around $650 billion as of 2017. The global air transportation made up around 11% of the overall transportation services market in 2017. The air transportation market was the second largest market in the global transportation services market in 2017.
Global airlines are focusing on alternate streams of revenue to increase revenues and profit margins. This is mainly due to increasing competition in the air transportation industry as airlines are cutting ticket prices owing to decline in aircraft turbine fuel costs, thus having a negative impact on profit margins. In this regard, an important alternate revenue generating stream for air carriers is the sales of ancillary products and services across their value chain. Ancillary products and services include pre-checking of baggage, booking preferred seats, excess baggage and Wi-Fi connectivity. According to a report by IdeaWorksCompany, airlines globally made $40.5 billion in ancillary fees in 2015.
- Markets Covered: Passenger, Chartered Air Transportation, Cargo.
- Time Series: Five years historic (2013-17) and forecast (2017-21).
- Data: Market value in $ billions.
- Data Segmentations: Regional breakdowns, market share of competitors, key sub segments.
- American Airlines Group
- Delta Air Lines
- United Continental Holdings
- Lufthansa Group
- Air France - KLM
- International Airlines Group
- Emirates Group
- Southwest Airlines
- China Southern Airlines
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