The Number of revenue-generating passenger kilometers in Full Service Airlines, attained a global value of 3,323,267.12 million in 2021
The indicator recorded a historical decline (CAGR) of 28% between 2018 to 2021, and is expected to grow by ...
GlobalData projects the indicator to grow ...
Global Airlines Industry
The airlines industry comprises passenger air transportation, including scheduled flights but excluding air freight transport. Industry volumes are defined as the total number of seats sold by airlines registered within the specified country or region. Industry value is defined as the total revenue obtained by airlines from transporting passengers, calculated by applying the average revenue per passenger and applying this to a number of seats sold. All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2020 annual average exchange rates.
COVID-19 leaves a huge impact across sectors globally
The coronavirus pandemic caused a huge impact on all sectors globally and the airline sector was no different. The pandemic has made travelling difficult with the border closures and travel restrictions across the globe. As a result, the impact on airlines was such that the seats sold, load factor and revenue decline were like never before. Few airline companies (LATAM, Avianca Peru) filed for bankruptcy protection, and many were on the verge of ceasing of operations. With international travel bans in place, the FSCs were affected more than the LCCs, with a huge slump in demand and most of them had to cut down their capacities in 2020.
Who are the leading players?
American Airlines is an airline holding company which offers passenger and cargo air transportation services. The group operates wholly owned regional airline subsidiaries and third-party regional carriers operating as American Eagle. Lufthansa is an aviation company that offers scheduled passenger and air freight transportation services. The company offers logistics services through its own freighters, chartered cargo aircraft and belly capacities on passenger aircraft. Delta is a global airline company which provides scheduled air transportation for passenger and cargo. Its service portfolio includes passenger transport; cargo transport; aircraft management; professional security; training and consulting; aviation solutions; vacation packages; and maintenance, repair and overhaul (MRO). It also has bilateral and multilateral marketing alliances with foreign airlines, and service agreements with multiple domestic regional air carriers. Emirates is an air transportation service provider. The company provides services such as passenger transportation, cargo services, flight booking, hotel booking, car rental, check-in, flight status and baggage allowance services.
United States of America
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Germany
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United Kingdom
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