Industry Analysis & Industry Trends
The Non-Scheduled Passenger Air Transport industry comprises businesses that transport passengers by air on a non-scheduled basis. The industry is dominated by two players, Thomson Airways and Thomas Cook Airlines, which are also involved in other areas of the travel industry, such as the provision of all-inclusive tours. Although the industry may be perceived as providing tailored travel services for the wealthy, the bulk of industry revenue is generated by transporting customers to their holiday destination as part of a travel package. Demand from the industry's major markets of tourists, corporations and governments has fluctuated significantly over the five years through 2016-17 but overall, charter passenger numbers have been on a downward slide... purchase to read more
Industry Report - Industry Investment Chapter
The Non-Scheduled Passenger Air Transport industry has a high level of capital intensity and a typical firm in the industry operates with a capital-to-labour ratio of 0.39:1. This means that for every £1.00 invested in capital, the average industry operator spends £2.57 on labour.
The industry benefits from technological advancements. Upgrades in equipment and newer aircraft and computer-assisted booking and route-planning facilities can reduce the need for non-flying and maintenance labour. Over the longer term, capital investment in the industry should increase as competition becomes more intense and there is a greater demand for high-quality, safe and environmentally sound travel options.
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