This figure represents the average value of all resources controlled by an enterprise as a result of past transactions or events from which future economic benefits may be obtained. 0000002728 00000 n %PDF-1.7 British Airways was floated on the stock market in 1987 as part of the spate of privatisations of state-owned businesses by the Conservative government of the era. This ratio is not very relevant for financial industries. A-Level Model Essays 9.00. United States of America, Mintel Germany GmbH Purchase drivers when choosing an airline. There are also opportunities for promoters to partner with local start-ups to repurpose plastic waste into clothing merchandise for example. 0000084642 00000 n The lower the positive ratio is, the more solvent the business. 53% of passengers would be open to flying more if environmentally friendly planes, such as electric aircraft, were available. Their love of travel meant an estimated $499.7 billion dollars in revenue for companies in the vacation travel industry, a number that is expected to grow steadily in the next five years. Dublin, Feb. 28, 2023 (GLOBE NEWSWIRE) -- The "Maritime Security Market - Global Industry Analysis (2018 - 2020) - Growth Trends and Market Forecast (2021 - 2027)" report has been added to ResearchAndMarkets.com's offering. liability for the information given being complete or correct. Innovations around sustainable travel will be essential to enable the future growth of the UK aviation market. */@z 9ENl;Q.b3, Domestic market share of leading U.S. airlines from January to December 2020* Characteristic Domestic market share; American Airlines: 19.3%: Southwest Airlines: 17.4%: Delta Air Lines: 15.5%: United Airlines: 12.4%: . Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. (Other Current Assets * 100) / Total Assets. For more information, please read our cookie policy. Clicking on the following button will update the content below. Brands: JetBlue, Flybe, Stobart Air, British Airways, Ryanair, EasyJet, Jet2, TUI, Virgin Atlantic, Wizz Air, BA CityFlyer, Loganair, Lufthansa German Airlines, American Airlines, Korean Air, United Airlines, Emirates Airline, Air Transat, Qatar Airways. 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. The competition, in an already a highly price-driven market, will be fierce when demand starts to recover. This product is a market research report. HWI$+UMP' PC j #k )%>O?_oh0_yA|?~s9_rNn_~=Qb^j?_nY=qfNPGNia3mXVnv6lY[;c6v\k~;h2mct;quvY4a Due to varying update cycles, statistics can display more up-to-date Also propelling market growth is an increase in tourist expenditure on air travel; in 2021, tourist spending on air travel totalled $354 billion. Dividing the inventory turnover ratio into 365 days yields the average length of time units are in inventory. This percentage is also known as "return on investment" or "return on equity." The Aviation Market research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. ] fM"p. It will take only 2 minutes to fill in. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Market reports provide appendices of data to support the research and insight produced. The five-year outlook for the UK airlines market, 2022 will be a much stronger year but multiple challenges hamper recovery, Cost of living crisis delays the recovery of the UK airlines market, Figure 2: International passenger numbers uplifted at UK airports, 2017-27, Figure 3: Domestic passenger numbers uplifted from UK airports, 2017-27, Government support mainly benefits higher earners, APD changes will reduce the tax on domestic flights to support domestic connectivity, UK government publishes Jet Zero strategy for net-zero aviation by 2050, Wizz Air continued to expand during the pandemic, Jet2.com has strengthened its position during the pandemic, Emirates offers economy passengers the option to trade up to premium economy, High earners most likely to take flights, with gap set to widen, Figure 4: Flying habits prior to COVID-19, by purpose, 2022, VFR segment expected to lead the recovery, Figure 5: Intention to take flights in the next 12 months, by purpose, 2022, Airlines will have to ensure passengers feel comfortable booking domestic flights, Figure 6: Intentions to visit destinations by air in the next 12 months, 2022, Older passengers are less eager to return to the skies as often as before the pandemic, Figure 7: Changes in the number of flights expected compared to prior to COVID-19, by age and annual household income, 2022, Soaring inflation poses the biggest threat to the recovery of the airlines market, Figure 8: Reasons for taking fewer flights compared to prior to COVID-19, by age, 2022, Price is the leading factor when choosing an airline, Figure 9: Factors influencing choice of airline, 2022, but a good range of flight times and good customer service can broaden appeal, Innovations focussed on speed can help airports gain a competitive advantage, Figure 10: Most important airport attributes when flying from a UK airport, 2022, Airport foodservices seen as overpriced and chaotic, Broad support among passengers for biometric checks, Figure 11: Attitudes towards flying, 2022, SAF and electric planes will help to enable future growth of the airlines market, The challenge to offering a low price amid rising operation costs, Enhancing the flexibility of search technology, Airport food experiences require improvements, International and domestic passenger volumes remained well below pre-COVID-19 levels in 2021, Figure 12: Passenger numbers uplifted at UK airports, 2016-22, Figure 14: International passenger numbers uplifted at UK airports, 2017-27, Figure 15: Domestic passenger numbers uplifted from UK airports, 2017-27, Energy price cap prevented consumer confidence from falling further, Figure 16: The Financial Confidence Index, 2009-22, Many proposed changes to the UKs tax arrangements abolished following market reaction, Increased operational costs put pressure on ticket prices, Figure 17: Europe Brent Spot price, yearly averages 2010-21, forecast for 2022-23, Staff shortages continue to impact some companies services, Holiday bookings kept up well throughout the summer months, Figure 18: Holiday bookings in the last three months, 2016-22, Holiday booking intentions were around pre-pandemic levels in September 2022, Figure 19: Plans to book a holiday in the next three months, 2016-22, Wizz Air continued to expand its number of bases during the pandemic, Figure 20: Top 10 UK-based airlines, by passenger numbers uplifted globally, 2017-21, easyJet adds more partners to its connection service, British Airways and Qatar Airways Move Further Together, Ryanair adds flights in response to competitor cancellations, Increased competition on routes to the US, while start-ups plan to launch services on underserved routes to India in 2022, Technological innovations to help improve the airport experience, Delta offers personalised airport experience through Parallel Reality technology, RDU opens virtual food hall with gate delivery service, Airlines introduce new premium experiences, Air New Zealand will offer sleep pods to economy passengers in 2024, Virgin Atlantics Retreat Suites will take off in October 2022, Roadmaps for a greener aviation industry continue to be rolled out, New steps taken to make urban air mobility a reality, London City Airport aims to become Londons first net-zero airport, Innovations to enhance inclusivity in the airlines market, MSP Airport opens mock cabin to promote travel equity, PLAY stays away from traditional outfits and instructions for its cabin crew, Virgin Atlantic amends ticketing system for gender-neutral passport holders, Above-the-line spend by airlines is recovering at a slower pace, Figure 21: Total above-the-line, online display and direct mail advertising expenditure on ads by airlines, 2018-21 and H1 2018-H1 2022, Emirates was the second biggest ad spender in 2021, Figure 22: Top 10 above-the line, online display and direct mail advertising expenditure on ads by airlines, 2019-21, Figure 23: Attitudes towards and usage of selected brands, 2022, Figure 24: Key metrics for selected brands, 2022, Brand attitudes: Virgin Atlantic closely associated with worth paying more for, Brand personality: easyJet and Wizz Air seen as accessible airlines, Figure 26: Brand personality macro image, 2022, Of the low-cost airlines, Jet2.com is most closely associated with being caring and reliable, Figure 27: Brand personality micro image, 2022, Reliable performance has boosted Jet.coms image, Figure 28: Satisfaction of brands operating in the airlines market, 2019-22, easyJet had the highest usage level in the year to August 2022, Ryanair continues to enjoy high usage despite relatively low customer ratings, Despite decline, British Airways continues to have the highest share of committed users, Figure 29: Commitment towards brands operating in the airlines market, 2019-22, Despite decline, Virgin Atlantic enjoys the highest customer satisfaction and recommendation levels, Figure 30: Flying habits prior to COVID-19, by purpose, 2022, Figure 31: Intention to take flights in the next 12 months, by purpose, 2022, Three in four passengers plan to fly to a short-haul destination in the coming year, Figure 32: Intentions to visit destinations by air in the next 12 months, 2022, There continue to be opportunities to sell more premium experiences, Emirates uses VR to showcase signature products, Figure 33: Changes in the number of flights expected compared to prior to COVID-19, by age and annual household income, 2022, There remain fears over potential disruption over the coming winter period, Figure 34: Reasons for taking fewer flights compared to prior to COVID-19, by age, 2022, Figure 35: Factors influencing choice of airline, 2022, Figure 36: Factors influencing choice of airline, TURF analysis, 2022, Business travellers are the least price-sensitive segment, Figure 37: Most important airport attributes when flying from a UK airport, 2022, Figure 38: Most important airport attributes when flying from a UK airport, by age, 2022, Majority of passengers are concerned about the expected price increase of flight tickets, Figure 39: Consumer concerns about expected price increase of flight tickets, 2022, Figure 40: Attitudes towards flying, 2022, Figure 41: Factors influencing choice of airline, TURF analysis table output, 2022, Figure 42: Total passenger numbers uplifted at UK airports, 2022-27, Figure 43: International passenger numbers uplifted at UK airports, 2022-27, Figure 44: Domestic passenger numbers uplifted at UK airports, 2022-27. It indicates the profitability of a business, relating the total business revenue to the amount of investment committed to earning that income. It excludes loan receivables and some receivables from related parties. 67% of UK flyers agree that low prices influence their choice of airline. This is a solvency ratio indicating a firm's ability to pay its long-term debts, the amount of debt outstanding in relation to the amount of capital. 2 0 obj 0HA#lo lnegzM :VdBl\*gB[X[xy?X]Vc,-~iYQGdw\t8xBW*8dt!q Company activity among major airlines during the pandemic. data than referenced in the text. We use necessary cookies to make our website work. <>/Metadata 2042 0 R/ViewerPreferences 2043 0 R/PageLabels 2044 0 R>> 4 Sydney: +61 2 8315 2110 79 0 obj <> endobj 0000021440 00000 n Detailed research and segmentation for the main products and markets. Competition for the silver pound is set to be intense. Sign in to view your account and previous purchases. United Kingdom, 333 West Wacker Drive The debt to equity ratio also provides information on the capital structure of a business, the extent to which a firm's capital is financed through debt. We also use cookies set by other sites to help us deliver content from their services. This is a solvency ratio, which indicates a firm's ability to pay its long-term debts. Most consumers have eaten at a local restaurant in the past year, which ranks as a top travel priority. This market report provides in-depth analysis and insight supported by a range of data. 117 0 obj <>stream endobj In-depth industry statistics and market share insights of the Europe Aviation Market sector for 2020, 2021, and 2022. UK aviation industry is expected to see a CAGR of 3.3% during the period (2019-2025). <> (Net Tangible & Intangible Assets * 100) / Total Assets. 0000068863 00000 n [{"name":"Holidays and Travel","url":"https:\/\/store.mintel.com\/industries\/holidays-and-travel"},{"name":"Leisure Travel","url":"https:\/\/store.mintel.com\/industries\/holidays-and-travel\/leisure-travel"}]. A-Level revision guide 8.95. Sign in to view your account and previous purchases. Get in touch with us. All of the figures, graphs, and tables have been redacted. The higher the percentage, the better profitability is. Dont include personal or financial information like your National Insurance number or credit card details. 0000048819 00000 n This means well-design themed travel can serve as an ingredient for customised travel on one hand, but it is difficult for themed travel to enjoy economy of scale on the other "The luxury travel market is enjoying an overall high level of global wealth. It reflects the combined effect of both the operating and the financing/investing activities of a business. R~. 0000046183 00000 n Event promoters could also invest a percentage of such products into environmental initiatives to Shopping cannot strongly motivate consumers to visit an outbound destination. Airlines with CAA registration is open for Airlines UK s Membership. 0000040815 00000 n Mintels proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues. Call-to-action box updated to the Latest aviation statistics section on page, detailing why there is no 2020, 2021 and 2022 update for the air passenger experience of security screening publication. 0000047891 00000 n endstream endobj 80 0 obj <>>> endobj 81 0 obj >/PageWidthList<0 595.276>>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/Properties<>>>/Rotate 0/Tabs/W/Thumb 72 0 R/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 82 0 obj [/ICCBased 104 0 R] endobj 83 0 obj <> endobj 84 0 obj <>stream Mintel Group Limited Shanghai: +86 (21) 6032 7300 Singapore: +65 6653 3600 You have rejected additional cookies. Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market. And of course, much more. How is the UK airline industry an oligopoly? Consumer Lifestyle, Marketing & Promotion, UK Holiday Planning and Booking Process Market Report 2022, UK The Young Traveller Market Report 2021, UK Summer Leisure Outlook Market Report 2021, UK COVID-19 And Out-Of-Home Leisure: A Year On Market Report 2021, UK Skiing and Snowboarding Holidays Market Report 2021, US Hotels and Hotel Alternatives Market Report 2021, US Outdoor Leisure Activities Market Report 2021, US Holidays and Traditions Market Report 2021, US COVID-19 Impact on Travel: One Year Later | Market Report 2021, Attitudes to Travel & Leisure Thai Consumer 2021, US Vacation Planning and Inspiration Market Report 2021. This percentage represents obligations that are not reasonably expected to be liquidated within the normal operating cycle of the business but, instead, are payable at some date beyond that time. Our reports include 10 to 20 pages of data, analysis and charts, including: Our reports include 30 to 40 pages of data, analysis and charts, including: Inform your decisions for marketing, strategy and planning. j~(@ .s> Access reports via your companies subscription. International Consolidated Airlines. ng=D?sd'w3m?-YfCpw OGXZ'is>Th>;OZzWzNs;t o \bs-2e ]:}p7EZ~M(%(N?81[jwy~$q9rvc>ux3c8dtwtC|rNjFN!USAEA.M[Ir1yxGnnp m@>Lomn0#r.*j!L"x`@a$fYofCBa{+"_L6JK)oV;3,* NOr7_`- :`KN"@T@ZDLzq`, Ln80Nz^kgcglhNX'Kh Statista assumes no We'd also like to use optional analytics cookies to help us improve it. Air freight handled in the United Kingdom (UK) 2007-2020 Amount of international and domestic air freight handled at airports in the United Kingdom (UK) from 2007 to 2020 (in 1,000 metric. (All Other Assets & Adjustments * 100) / Total Assets. 0000002692 00000 n Consumers perceptions of seven key players in the UK aviation market. The Airlines Market in the United Kingdom (UK) is estimated to be worth $52.84 Billion by 2025. 0000047865 00000 n performance of the airline industry with airlines and their customers generating $111 billion per year on average in tax revenues. Travel influencers revolve around exploring new places, trying something that consumers have never With consumers motivated by personal hobbies to try themed travel, customisation is part of the DNA of this product. L%HaTpgL07:VjkcRu$_CZe9>f PQYRIfIt(O:|4Uk:?{K-]L3VVu U(\^ % To help us improve GOV.UK, wed like to know more about your visit today. 4 Playhouse Yard Registered on the Mintel store? Research expert covering mobility and logistics. The Airlines Market in the United Kingdom (UK) was estimated to be valued at $10.96 Billion in 2020. What will be the size of the United Kingdom airlines market in 2025? An assessment of the competitive landscape and market shares for major companies. Singapore: +65 6653 3600 Estimated to showcase an impressive growth rate during 2021 - 2027, global maritime security market is all set to reach the revenue of around US$38 Bn toward the end of . This report covers the UK aviation market size, market forecast, market segmentation and UK airline market trends. Aviation statistics information on current and previous air passenger experience statistics are available. AS-Level Revision guide 5.00. Call-to-action box added to the Latest aviation statistics section on page, detailing why there is no 2020 and 2021 update for the air passenger experience of security screening publication. Updates to Air passenger experience of security screening publication. There is a willingness to pay for added benefits, particularly for flexible cancellation policies, spaced out seating on board and priority boarding. This means well-design themed travel can serve as an ingredient for customised travel on one hand, but it is difficult for themed travel to enjoy economy of scale on the other Event organisers are increasingly banning plastic at concerts and festivals in response to consumers environmental concerns. Global Freight Sector segment is estimated at US$113.6 Billion in 2020, and is projected to reach. Agreement rises significantly among those who plan to fly less because of concerns about the environmental impact of flying. At the same time, introductory and top-level content is provided to give you an overview of the issues covered. Suite 1100 The latter is likely to appeal to those who missed their usual overseas summer holiday this year, thanks to continued COVID-19 restrictions on international travel. Domestic and international tourism saw a marked decline in . Measures and innovations that enhance feelings of safety, increase confidence in travelling and make the journey as efficient and enjoyable as possible will be essential to speed up recovery. This ratio is also known as "times interest earned.". x]K$q0MA5|0|XX-7Y.f$#_O>}.oc/?|/>~+mo7v7cEwr~Wo_u/4'J[d3u*fop;p7%sta0O~POb/[#g^?Id'__`_i?MX1|\XxJwgx(9e&uw^}`g}c*~bd_/~ =7r$SLXQzTVG_5cvH6s=D_}%|Q7Ew{?wsz/kr_)lV13yJEM?)MvigZi\-oXysR= Digital research and online booking are becoming the norm amongst The trend in short breaks is leaning towards high-intensity breaks, built around eye-catching experiences where the experience itself is the central element. International Consolidated Airlines Group SA. Data for this publication is drawn from Civil Aviation Authority Departing Passenger Survey. This website uses cookies to ensure you get the best experience. This report, written by Marloes de Vries, a leading analyst in the Travel sector, delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers. Contact us on via phone or fill out a form with your enquiry. 2023 Copyright Mintel Group Limited. Earned. `` please read our cookie policy: |4Uk: an assessment of the UK aviation industry expected... By a range of data to support the research and insight produced and UK airline market trends in tax.! More about your visit today days yields the average length of time units in! Or credit card details for the information given being complete or correct or... Cookies to ensure you get the best experience among those who plan to fly less of... Financial information like your National Insurance number or credit card details personal or financial information your. \^ % to help us improve GOV.UK, wed like to know more about visit! 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