Global airlines industry is broadly segmented into passenger and cargo airlines, which are operated by international, domestic and regional players. The global airlines industry has witnessed tremendous growth from 2010 to 2015, bolstered by growing North American and European markets. Low cost carriers, which constitutes about 25% of the total market, were the major drivers of growth.
It is expected that the volatile global economic environment will exert some pressure on the growing airlines industry, and to remain profitable the airline operators will need to focus on the Asia Pacific region, primarily, China, India and Indonesia, because of their burgeoning middle class population.
Declining profit margin resulting from continuous fall in fare prices remains one of the major concerns faced by the airlines, and to remain profitable they need to focus more on topline expansion. To remain sustainable the airlines are focusing on cost reduction, increasing operational efficiency and higher customer acquisition. The airlines are imparting operational efficiency through implementing technologies such as crew management system, electronic flight bag, electronic cartography, etc.
Customers are becoming more demanding and to acquire and retain customers the airlines are utilizing social media and implementing technologies like passenger information system which customise information as per passengers’ requirement.
Currently, the major challenges faced by the airline industries are adapting to the ever changing environmental regulations and safety of passengers because of increasing criminal and terrorism activities across the globe.
ASDReport.com’s airline industry coverage spans the entire spectrum of the industry, providing you with in-depth insights into the macro view of the commercial aviation industry as well as covering specific industry segments such as low cost airlines, airfreight carriers, passenger airlines, budget airlines, etc. Coverage also includes high quality reports on specific application areas within the sector like crew management systems, passenger information system, and ancillary revenue management system among others.