The Revenue per passenger in Charter Airlines in United States of America, attained a value of 205.49 USD in 2020
The indicator recorded a historical decline (CAGR) of 0.19% between 2017 to 2020, and is expected to grow by ...
GlobalData projects the indicator to grow ...
Airlines industry in the United States
The Airline industry comprises passenger air transportation, including scheduled flights but excluding air freight transport.
Impact of COVID-19 in the Airlines industry
The US airlines industry declined very strongly in the historic period due to a huge decline caused by the COVID-19 pandemic. The industry is expected to recover strongly in 2021, with further strong growth in the upcoming period.
Domestic and international tourism saw a marked decline in 2020 due to travel restrictions and lockdowns, which led to a significant decline in the airline industry. This reversed a trend prior to the pandemic in the US which was characterized by the high consolidation of the US airlines industry, which had prevented a steep downfall in terms of ticket fares, which supported value growth historically.
Beyond 2020, the industry is expected to recover, driven by increases in domestic tourism and an increase in international arrivals. However, the US airlines industry was historically boosted by business travel. As such, the growth of video-conferencing apps, such as Zoom, during 2020 may lead to the long-term decline of this.
Category segmentation
Full service is the largest segment of the airline industry in the United States, accounting for the largest share of the industry's total value.
The Low-cost segment accounts for the second largest of the industry.
Geography segmentation
The United States accounts for the largest share of the global airline industry value.
Asia-pacific accounts for the largest share of the global industry.
Who are the leading players?
UCH is a holding company that operates through its subsidiary, United Airlines (United). It provides air transportation services at numerous hub airports. It also provides regional jet and turboprop services under United Express. The company also has purchase agreements with regional airlines, including Republic Airlines.
Southwest is a provider of passenger airline services. The company provides point-to-point flight services that offer direct nonstop routing, compared to hub-and-spoke services.
How have COVID-19 impacted players?
The US airline industry suffered a huge downturn in 2020 with the pandemic. The industry declined by a significant share and was one of the most impacted industries. This led to huge troubles for leading players who had to cut costs to survive with demand non-existent.
Company profiles
American Airlines Group Inc. (AAG or 'the group') is an airline holding company, which offers passengers and cargo air transportation services. The group operates along with its wholly-owned regional airline subsidiaries and third-party regional carriers operating as American Eagle. The group through its cargo division, American Airlines Cargo provides a wide range of freight and mail services. It operates its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York City, Philadelphia, Phoenix, and Washington, DC. The group has business operations across the US, Latin America, Europe, and the Asia Pacific. AAG is headquartered in Fort Worth, Texas, the US.
Southwest Airlines Co (Southwest Airlines) is a provider of passenger airline services. The company provides point-to-point flight services that offer direct nonstop routing as compared to hub-and-spoke service.
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