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 3.2%... purchase to read more
Industry Report - Starting a New Business Chapter
The Chartered Passenger Flights industry is considered to have high barriers to entry, mainly due to the stringent regulation and significant capital needed to start a business. A new entrant must obtain licences and pass compliance requirements in order to certify as a carrier. This process is costly and time-consuming, and compliance requirements are considerable due to safety regulation.
Moreover, some resource constraints are present. There is a finite amount of airport terminal and parking space for aircraft. While this resource will grow over time, such space develops slowly due to the regulatory requirements that must be satisfied to expand or build new airfields. The fastest way for a new entrant to acquire terminal space is to wait for an incumbent to go out of business... purchase to read more