Industry Analysis & Industry Trends
The Chartered Passenger Flights industry includes businesses that transport passengers by air on a non-scheduled basis. The industry is dominated by two major players, which are also involved in other areas of the travel industry, such as the provision of all-inclusive tours. Although the industry is perceived as providing tailored travel services for the wealthy, the vast majority of industry revenue is generated by transporting customers to their holiday destination as part of a package. Demand from the industry's major markets of tourists, corporations and governments has fluctuated significantly in the five years through 2014-15, but overall charter passenger numbers have been on a downward slide.
IBISWorld expects industry revenue to contract at a compound annual rate of 1.5%... purchase to read more
Industry Report - Industry Analysis Chapter
The Chartered Passenger Flights industry has suffered from the adverse effects of the economic downturn and intensifying competition over the past five years. The performance of the industry can largely be explained by the external environment. Weak demand from consumers has flowed through from the tour operators industry, made worse by equally low demand from the business market as confidence and expenditure dropped off in the aftermath of the recession. At the same time, competition from low-cost airlines providing scheduled passenger flights to an increasing network of airports across Europe has dragged on demand from some of the industry's key end consumer markets... purchase to read more