Thursday 9 April 2015, Amsterdam
The new report recognizes the following companies as the key players in the Aviation Market in Europe (airlines and airports) are: Deutsche Lufthansa AG, Ryanair Holdings Plc, London Heathrow Airport and Paris Charles de Gaulle Airport
Other Prominent Vendors in the market are: Aeroflot, CSA Czech Airlines, LOT - Polish Airlines, Norwegian Air Shuttle, Pegasus Airlines, Rossiya - Russian Airlines, S7 Airlines, Transaero Airlines and UTair Aviation.
Commenting on the report, an analyst from the report's team said: “One key trend emerging in this market is the rise of low cost carriers in Europe. This is expected to increase air traffic in the region. LCCs provide a relatively economical alternative to air travel for millions of people. They make travel more affordable for a larger traveler base and are likely to service many destinations.”
According to the report, one of the major drivers in this market is the growth in airline alliances, which offer the advantage of global reach, recognition, and seamless service to an international traveler. With the rise in the number of people who travel by air, there has been an overall increase in international passenger traffic, resulting in a rise in the number of commercial airports and airlines.
Further, the report states that one of the major challenges in the market is the rise in ATF prices. The increase in ATF prices reduces the profit margins of commercial airlines, thereby preventing them from upgrading their current aircraft fleets.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.