On the ascent: Industry revenue rises as demand for low-cost flights increases

The Passenger Air Transport industry comprises businesses transporting passengers on domestic or international routes on scheduled and non-scheduled flights. The performance of the industry is influenced by many factors, including consumer and business confidence, disposable income trends and the price of air travel. When consumer confidence is high and incomes are rising, demand for travel tends to grow, increasing the number of passengers on planes. Similarly, consumer price sensitivity means that airfare prices are an important determinant of demand.IBISWorld expects industry revenue to grow at a compound annual rate of 1% over the five years through 2019 to reach €7.8 billion...read more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Falling consumer sentiment in the current year is expected to limit revenue growth
  • Price-based competition has increased, limiting growth for low-cost aircraft carriers to some extent
  • Competition from US airlines is expected to put pressure on industry profit
  • Industry Report - Industry Investment Chapter

    The Passenger Air Transport industry is estimated to have a high level of capital intensity. Generally, firms are anticipated to spend €1.68 on wage for every €1.00 spent on capital in 2019. Capital investment makes up a large bulk of expenses in the industry, as operators have to purchase aircraft, machinery and equipment. However, aircraft do have a life span of between 25 and 30 years, which means that capital turnover is minimised.Labour expenses include the wages and salaries paid to pilots, crew members, ground staff and administrative staff. The average industry wage is relatively high, estimated at €94,800 in the current year, reflecting the relatively high skill levels required in many positions and the industry's strong union representation. The...purchase to read more.

    Additional Insights for the Passenger Air Transport Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Passenger Air Transport Industry are

  • Having a good reputation
  • Ability to expand and curtail operations rapidly in line with market demand
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as Consumer sentiment index and Business sentiment index in the Passenger Air Transport industry impact industry performance..

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    What's in this report

    What is the Passenger Air Transport in Ireland Industry?

    Companies in this industry provide air transport for passengers on scheduled and non-scheduled routes. This includes domestic and international flights, scenic and sightseeing flights, regular charter flights for passengers and transport of passengers by aero clubs.

    Industry Products
  • Flights to and from the United Kingdom
  • Flights to and from other countries in Europe
  • Domestic flights
  • Flights to and from the rest of the world
  • Industry Activities
  • Providing domestic and international passenger air transport
  • Providing non-scheduled charter flights for passengers
  • Transporting passengers by helicopter
  • Operating private jets
  • Operating scenic and sightseeing flights
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer sentiment index
  • Business sentiment index
  • Modified real disposable income per capita
  • Real effective exchange rate

  • Current Performance
    Volatile costsFlying economyExpanding routes for revenue
  • Chart: Revenue Growth

  • Industry Outlook
    Piloting profitRegulatory changes
  • Table: Passenger Air Transport Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Passenger Air Transport Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Travel Agencies and Tour Operators in Ireland
  • Consumers in Ireland

  • Key Selling Industries
  • Air Transport Equipment Rental & Leasing in Ireland
  • Aircraft, Engine & Parts Manufacturing in Ireland
  • Airports in Ireland
  • Fuel Wholesaling in Ireland

  • Products & Services
  • Flights to and from the United Kingdom
  • Flights to and from other countries in Europe
  • Flights to and from the rest of the world
  • Domestic flights
  • Chart: Passenger Air Transport Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Private travellers
  • Business travellers
  • Government and non-profit organisations
  • Chart: Major Market Segmentation for the Passenger Air Transport Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Passenger Air Transport

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Passenger Air Transport Industry

  • Industry Globalization
    Ryanair Holdings plc, Aer Lingus Ltd,
  • Table: Ryanair Holdings plc - financial performance
  • Table: Aer Lingus Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Passenger Air Transport Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Passenger Air Transport Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Aero Club
  • An aero club is a not-for-profit, member-run organisation that provides its members with affordable access to aircraft.
  • Flag Carrier
  • An airline that enjoys preferential rights or privileges for international operations. These are accorded by the government of the country in which it is based.
  • Handling Charges
  • Operators often subcontract the servicing of aircraft at an airport, for which they pay handling fees.
  • Low-Cost Carrier (Lcc)
  • A term given to all airlines that have low fares and charge for other services, such as food.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Passenger Air Transport in Ireland market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Passenger Air Transport in Ireland:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Passenger Air Transport in Ireland market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Passenger Air Transport in Ireland, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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