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, a large share 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 2013-14, but overall charter passenger numbers have been on a downward slide.
IBISWorld expects industry revenue to contract at a compound annual rate of 7.6%... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Chartered Passenger Flights industry has a high level of market share concentration, since the top four players are estimated to account for 92.7% of total industry revenue in 2013-14. Major companies such as Thomson Airways and Thomas Cook Airlines have well-developed route networks and are capable of adjusting their capacity and services in line with customer demand. They can also offer competitive pricing in times of low demand, making it harder for smaller operators to compete. The chartered airline business has high barriers to entry due to the cost of setting up and complying with regulation. As a result, a few large companies dominate the industry.
Over the past five years, mergers and acquisitions have raised the level of concentration... purchase to read more