Includes the necessary information to perform SWOT, PEST and STEER analysis. The VFR and holiday segments are expected to recover quickest from COVID-19, while the business travel market will take longer to recover to pre-pandemic levels and may never reach its previous heights. Fields marked with an asterisk (*) are required. The Airlines in United Kingdom report includes: Analysis of key supply-side and demand trends Detailed segmentation of international and local products Historic volume and value sizes, company and brand market shares Five year forecasts of market trends and market growth Robust and transparent research methodology, conducted in-country Although confidence in air travel should continue to improve following more than two years of disruption, the pressure on household finances will put both consumers and corporate travel budgets under pressure. Find your information in our database containing over 20,000 reports. Martin will help you find what you are looking for. liability for the information given being complete or correct. 117 0 obj <>stream The product is a PDF. 56% of adults who expect to take fewer flights in the next 12 months will do so as they have less money to spend on travel. Seen as less discretionary, the volume of VFR flights is expected to be more resilient during the current cost of living crisis, as was the case during the previous income squeeze.. 0000134249 00000 n Because it reflects the ability to finance current operations, working capital is a measure of the margin of protection for current creditors. 0000040815 00000 n performance of the airline industry with airlines and their customers generating $111 billion per year on average in tax revenues. Chicago: +1 312 450 6004 This ratio is also known as "inventory turnover" and is often calculated using "cost of sales" rather than "total revenue." Meanwhile, there remain opportunities to sell premium experiences to affluent travellers, who are more likely to have built up lockdown savings. Kaistrae 5, 40221 Dsseldorf The Airlines Market in the United Kingdom (UK) was estimated to be valued at $10.96 Billion in 2020. Chicago: +1 312 450 6004 (Accounts Receivable * 100) / Total Assets. All of the aviation statistics published are official statistics. How is the UK airline industry an oligopoly? Innovations around sustainable travel will be essential to enable the future growth of the UK aviation market. The larger the ratio, the more able a firm is to cover its interest obligations on debt. All Rights Reserved. We also use cookies set by other sites to help us deliver content from their services. GCSE Revision Guide 8.49. A selection of companies mentioned in this report includes: HAVE A QUESTION? The UK Airlines Market Report identifies consumers intentions to travel by air, decisive factors when choosing an airline and the impact of rising inflation on the UK aviation market. Domestic and international tourism saw a marked decline in . Get in touch with us. 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. AS-Level Revision guide 5.00. Worldwide employment by registered airlines in the United Kingdom 2002-2020 Number of people employed worldwide by UK-based airlines between 2002 and 2020 Segments Turnover of the air. Please do not hesitate to contact me. [{"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"}]. 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. At the same time, introductory and top-level content is provided to give you an overview of the issues covered. Therefore the UK airline industry has become reasonably contestable in recent 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. What factors are affecting the strength of competition in the United Kingdom airlines market? UK aviation market Airports The CAA collects statistics from more than 60 UK airports, which can be used to assess flight activity, traffic and capacity Airlines Information on services flown, freight capacity and details of aircraft used Flight punctuality Data collected at UK airports Bespoke data analysis 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. Who are the top competitors in the United Kingdom's airlines market? The higher the percentage, the better profitability is. Just-in-time delivery remains the key factor for the success of global air cargo industry. Net fixed assets represent long-term investment, so this percentage indicates relative capital investment structure. The departments view is that these statistics, which are not designated as national statistics, are robust and have been produced to a suitable standard. Due to varying update cycles, statistics can display more up-to-date 31% of UK adults planned to book a holiday in the three months following July 2021, up from 22% in the previous month. Valuation of net fixed assets is the recorded net value of accumulated depreciation, amortization and depletion. 4 Playhouse Yard However, economic headwinds in important countries are creating difficulties for international luxury tourism, which may mean an emphasis on domestic luxury tourism is necessary. 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The UK airlines industry had total revenues of $11.0bn in 2020, representing a compound annual rate of change (CARC) of -30.8% between 2016 and 2020. liability for the information given being complete or correct. At the same time, introductory and top-level content is provided to give you an overview of the issues covered. Sydney: +61 2 8315 2110 London, EC4V 5EX This percentage represents obligations that are expected to be paid within one year, or within the normal operating cycle, whichever is longer. Suite 1100 Are you interested in testing our business solutions? =IFon0HzShTZYGrk;^Vpox;}L^p/.B`TpaPS.7qe4I% W[i~4&L:+ h&x_PD1i2hGX|EWM6Gh(Zclw5n&u6(w#+Nv0]>jv0oO/wnAEbDaQ/@Ip*j5k~Q4!5Yte6aW6{mje^}41/h^KRBa 0000101664 00000 n Chicago, IL 60606 This product is a market research report. We are happy to help. It reflects the combined effect of both the operating and the financing/investing activities of a business. 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