Gaining altitude: The industry continues to recover, despite the looming threat of recession
IBISWorld’s Scheduled Passenger Air Transport market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.
Industry Statistics & Market Size
Annual Growth 08-13
Annual Growth 13-18
Industry Analysis & Industry Trends
Stormy weather has dominated the skies for the Scheduled Passenger Air Transport industry. IBISWorld estimates industry revenue has declined at a compound annual rate of 0.3% over the five years through 2012-13 to reach £18.1 billion. The industry has been buffeted by rising input costs and rising input costs. Revenue growth of 3.0% is expected in 2012-13 as the industry continues to show signs of recovery despite the looming threat of a triple-dip recession. With recovery uncertain in the United Kingdom and eurozone, airlines will be nonetheless cautious about increasing capacity and are expected to offer further deals to attract consumers.
This fragile growth is expected to help the industry return to profitability in 2012-13... purchase to read more
Industry Report - Industry Products Chapter
International flights are the most common form of air travel in the United Kingdom, as more people fly in and out of the country than across it. The dominance of international flights stems from passengers' preference for cars, buses or trains when travelling domestically. On a price basis, the industry struggles to compete with privatised bus companies who offer intercity services. Since the recession, demand for all air travel has subsided. However, the economy class became more popular compared with the much more expensive business and first-class alternatives. The drop in demand for domestic air travel was steeper than for international air travel... purchase to read more
What is the Scheduled Passenger Air Transport Industry?
Companies in this industry provide air transport for passengers on scheduled routes only. This includes domestic and international flights.
International economy classInternational business classDomestic economy classDomestic business class
Transporting passengers by air