The air transportation industry uses aircraft, such as airplanes and helicopters to provide air transportation services of passengers and/or cargo. It includes services offered by both scheduled and nonscheduled air carriers, however, scenic and sightseeing air transportation and air courier services are not included under the air transportation industry.
The global air transportation market was valued at around $653 billion in 2017. North America was the largest region in the air transportation market in 2017, accounting for more than 35% market share. The USA was the largest country in the market in 2017, accounting for around 30% market share.
Global airlines are focusing on alternate streams of revenue to increase revenues and profit margins. This is mainly due to increasing competition in the air transportation industry as airlines are cutting ticket prices owing to decline in aircraft turbine fuel costs, thus having a negative impact on profit margins. In this regard, an important alternate revenue generating stream for air carriers is the sales of ancillary products and services across their value chain. Ancillary products and services include pre-checking of baggage, booking preferred seats, excess baggage and Wi-Fi connectivity.
The top five companies covered are American Airlines Group, Delta Air Lines, United Continental Holdings, Lufthansa Group and FedEx. American Airlines Group was the largest company in the air transportation market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The air transportation market is segmented into Passenger Air Transportation, Chartered Air Transportation and Cargo Air Transportation.
Passenger Air Transportation companies offer scheduled domestic and international passenger air transportation.
Chartered Air Transportation companies offer non-scheduled air transportation of passengers and goods by aircraft, at a toll per mile or per hour for the charter of the aircraft.
Cargo Air Transportation establishments offer air transportation of cargo and mail on a contract basis over fixed international routes.
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