Chicago, IL 60606 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. According to this report the global travel insurance market size was valued at $19.24 billion in 2019, and projected to reach $37.0 billion by 2027, growing at a CAGR of 8.6% from 2020 to 2027. Please note, if you use information and guidance under the Headings, the references to EU regulations or EU websites in our guidance will not be an accurate information or description of your obligations under UK law. Airlines industry analysis: How the rising cost of living will impact the recovery of the UK airlines market. 0000046183 00000 n What will be the size of the United Kingdom airlines market in 2025? IBISWorld provides research covering hundreds of similar industries, including: Purchase this report or a membership to unlock the average company profit margin for this industry. 79 0 obj <> endobj Germany, London: +44 (0)207 606 6000 ng=D?sd'w3m?-YfCpw OGXZ'is>Th>;OZzWzNs;t o \bs-2e ]:}p7EZ~M(%(N?81[jwy~$q9rvc>ux3c8dtwtC|rNjFN!USAEA.M[Ir1yxGnnp m@>Lomn0#r.*j!L"x`@a$fYofCBa{+"_L6JK)oV;3,* NOr7_`- Because it reflects the ability to finance current operations, working capital is a measure of the margin of protection for current creditors. What factors are affecting the strength of competition in the United Kingdom airlines market? We use necessary cookies to make our website work. The VFR and holiday segments in the airlines sector 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. Tokyo: +81 (0)3 6228 6595. 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. London, EC4V 5EX The market research report includes: Historical data and analysis for the key drivers of this industry. Vital industry facts, trends and insights in a new, shorter format. Their love of travel meant an estimated $499.7 billion dollars in revenue for companies in the vacation travel industry, a number that is expected to grow steadily in the next five years. wtDukWn=t D|(_K!`@||h!2>Y& GSd[:snVj$fAZJIBq.O{!aB)m`mA8}BhcN-Sg:e2 ma3Y[xZ j Airline statistics for each month of 2021 UK airline data 2020 Airline statistics for each month of 2020 UK airline data 2019 Airline statistics for each month of 2019 UK airline data 2018 Airline statistics for each month of 2018 UK airline data 2017 Airline statistics for each month of 2017 UK airline data 2016 Copyright 2002-2023 Research and Markets. This ratio is also known as "times interest earned.". Check benefits and financial support you can get, Find out about the Energy Bills Support Scheme, About the aviation statistics data and reports, Civil Aviation Authority Departing Passenger Survey, Changes to DfT statistics publications due to coronavirus (COVID-19), Air passenger experience of security screening: 2019. Chicago: +1 312 450 6004 Contact us on via phone or fill out a form with your enquiry. Biggest companies in the Budget Airlines industry in the UK, Contains 10 to 20 pages of industry data, charts and tables, Concise analysis helps you unpack the numbers, Collection Period for Accounts Receivable (Days), Revenue to Closing Inventory (Inventory Turnover), Administration & Business Support Services, Professional, Scientific & Technical Services, Specialist Engineering, Infrastructure & Contractors, Water Supply; Sewerage, Waste Management and Remediation Activities, Market Size Statistics for Budget Airlines in the UK. Market reports provide appendices of data to support the research and insight produced. 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. This is an enterprise license, allowing all employees within your organization access to the product. It excludes assets held for rental purposes. Global Freight Sector segment is estimated at US$113.6 Billion in 2020, and is projected to reach. Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain. (Total Current Assets * 100) / Total Assets. Intentions to travel by air and likely behavioural changes in 2023. 0000101664 00000 n To help us improve GOV.UK, wed like to know more about your visit today. A-Level revision guide 8.95. Get the best reports to understand your industry, Airline passenger experience in the United Kingdom. Each license type allows a set number of users to access the report. All of the figures, graphs, and tables have been redacted. Due to varying update cycles, statistics can display more up-to-date This report, written by Marloes de Vrie, a leading analyst in the travel sector, delivers in-depth commentary and analysis to highlight current trends in the UK aviation market and add expert context to the numbers. 0000047891 00000 n endobj xref For those with the resources to enjoy it this is a golden time for travel. Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers. This report covers the UK aviation market size, market forecast, market segmentation and UK airline market trends. L%HaTpgL07:VjkcRu$_CZe9>f PQYRIfIt(O:|4Uk:?{K-]L3VVu U(\^ 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 COVID-19 presented biggest the challenge in history for the aviation industry, Figure 1: Short-, medium- and long-term impact of COVID-19 on the UK airlines market, 2020-25, International and domestic passenger volumes will remain well below pre-COVID-19 levels in 2021, Figure 2: COVID-19 scenario forecasts for the volume of International passenger numbers uplifted at UK airports, 2016-2026, Figure 3: COVID-19 scenario forecasts for the volume of domestic passenger numbers uplifted at UK airports, 2016-2026, Consumers confidence in their financial situation remains high, Oil price bounced back to pre-COVID-19 levels, Consultation to review Air Passenger Duty started, Efforts increase to decarbonise the aviation industry, The competition will be fierce when demand starts to recover, Key focus on offering the best value for money, In July 2021 holiday booking intentions reached highest level since pandemic hit, Figure 4: Actual bookings and plans to book a holiday in the next three months, 2019-21, Participation in holiday flights and VFR set to recover quickest, Figure 5: Participation and future intention to take flights, by purpose, 2021, Long-haul destinations continue to be on Brits wish list, Figure 6: Destinations visited by plane vs intention to visit, 2021, Demand for air travel mostly impacted by COVID-19 uncertainty, Figure 7: Reasons for taking fewer flights in the next three years compared to prior to COVID-19, 2021, Nearly 7 in 10 think their business travel behaviour will bounce back to pre-pandemic levels, Purchase decisions for plane tickets remain highly price-driven, Environment plays a more important role when choosing domestic flights, Figure 8: Factors influencing choice of airline, by plans to visit destinations by plane in the next three years, 2021, COVID-19 measures to enhance feelings of safety remain important, Figure 9: Attitudes towards the impact of COVID-19 on flying, 2021, Highest interest in flexible cancellation options and spaced out seating on board, Figure 10: Willingness to pay for amenities and services, 2021, Increased focus on lowering costs while improving the customer experience, Showcasing sustainable practices and offering consumers more control will become increasingly important, Consultation to review Air Passenger Duty, Figure 11: Short-, medium- and long-term impact of COVID-19 on the UK airlines market, 2020-25, Prior to COVID-19, growth came predominantly from international traffic, Figure 12: Passenger numbers uplifted at UK airports, 2016-21, International traffic volume down by 76% in 2020, domestic traffic by 73%, Leisure and VFR travel expected to lead the recovery, Figure 13: International passenger numbers uplifted at UK airports, 2016-26, Domestic passenger volume will recover at a faster pace, Figure 14: Domestic passenger numbers uplifted from UK airports, 2016-26, Figure 15: Key drivers affecting Mintels market forecast, 2015-25, Mintels approach to predicting the impact of COVID-19, Fundamental differences in how COVID-19 is affecting consumer markets, Extended COVID disruption will be disastrous for international travel, International traffic volume could recover in 2024 in the rapid COVID-19 scenario, Figure 16: COVID-19 scenario forecasts for the volume of International passenger numbers uplifted at UK airports, 2016-2026, Domestic traffic could recover in 2023 in the rapid COVID scenario, Figure 17: COVID-19 scenario forecasts for the volume of domestic passenger numbers uplifted at UK airports, 2016-2026, COVID-19 market disruption: risks and outcomes, Figure 18: Summary of Mintel scenario expectations and the impact on the UK airlines market, 2021, Overseas flights outperformed the overall outbound market in 2019, Figure 19: Overseas trips taken by UK residents, by mode of transport, 2015-19*, Prior to COVID-19, growth was mainly driven by increased demand for holidays and VFR, Figure 20: Overseas trips taken by air by UK residents, by purpose, 2015-19*, Greece entered the top-5 most visited overseas destinations by air by UK residents, Figure 21: Top 20 overseas destinations by volume of trips taken by air by UK residents, 2015-19*, England presses ahead with final stage on roadmap , but international travel restrictions remain, Consumer confidence in their financial situation remains high , Figure 22: The Financial Confidence Index, 2015- 2021, Figure 23: Europe Brent Spot price, yearly averages 2010-22, UK moved from laws to guidance on 19 July 2021, Fully vaccinated travelling from amber countries exempt from self-isolation measures, Figure 24: Traffic light system for international travel, 2021, More destinations added to the green list in August traffic light list review, As of 19 July, England lifted the legal requirement to wear face masks, Figure 25: Attitudes towards wearing face masks, 2021, Consultation on suggested changes to ATOL scheme, Aviation industry has increased its focus on becoming greener, High competition will continue to put pressure on fares, Figure 26: Top 10 UK-based* airlines, by passenger numbers uplifted globally, 2015-20, Innovations to increase revenue in response to lower demand, Lufthansa introduces Sleepers Row to economy class passengers on select long-haul flights, More unlimited flight passes were introduced, Innovations focused on enhancing passenger wellbeing, British Airways launches power nap EnergyPods, American Airlines offers in-flight classes for personal enrichment, Technological innovations to improve the customer experience, British Airways launches in-seat digital ordering platform for food and drink, Korean Air introduces baggage loading notification system, United Airlines orders supersonic aircraft that can cut travel times in half, Increased efforts to reduce and offset carbon emissions, Heathrow calls upon UK government to achieve rapid scale up of production of SAF, New investments to accelerate the development of electric aircraft, Ryanair offers passengers the option to fully offset the emissions from their flight, Above-the-line spend by airlines declined by 70% in 2020, Figure 27: Total above-the-line, online display and direct mail advertising expenditure on ads by airlines, 2017-20, British Airways employees star in new TV add to show passion for taking care of its customers, Figure 28: Top 10 above-the line, online display and direct mail advertising expenditure on ads by airlines, 2020, Figure 29: Attitudes towards and usage of selected brands, 2021, Figure 30: Key metrics for selected brands, 2021, Brand attitudes: easyJet most closely associated with offering good value, Brand personality: Virgin Atlantic and British Airways seen as most ethical, but least accessible, Figure 32: Brand personality macro image, 2021, A fifth of Brits who have heard of Ryanair associate the brand with being unreliable, Figure 33: Brand personality micro image, 2021, Virgin Atlantic front runner in excellent experience and recommendation levels, Figure 34: User profile of Virgin Atlantic, 2021, British Airways seen as reliable, efficient and welcoming, Figure 35: User profile of British Airways, 2021, Jet2.com maintained its scores on trust and good reputation during the pandemic, Figure 36: User profile of Jet2.com, 2021, Nearly half associate easyJet with offering good value, Wizz Air challenged to raise its brand image, Figure 38: User profile of Wizz Air, 2021, Ryanair invests in improving low customer satisfaction, Exposure concerns increased slightly in July amid rising cases, Figure 40: Mintel COVID-19 exposure anxiety and lifestyle impact index, 2020-2021, Increased travel freedom for fully vaccinated travellers provided small boost to international leisure travel, Majority of overseas holiday bookings were still in the pipeline in mid-July, Figure 41: Main holidaying intentions by destination, 2021, Figure 42: Actual bookings and plans to book a holiday in the next three months, 2019-21, Figure 43: Participation and future intention to take flights, by purpose, 2021, Figure 44: Destinations visited by plane vs intention to visit, 2021, Families show high interest in domestic flights, Figure 45: Demographic profile by intention to visit destinations by air, 2021, Recovery in air travel will be led by younger audiences, Figure 46: Changes in the number of flights expected compared to prior to COVID-19, 2021, Few passengers intend to fly less because of the environment , but consumer consciousness of sustainability has increased, Figure 47: Reasons for taking fewer flights in the next three years compared to prior to COVID-19, 2021, Figure 48: Frequency of business flights once the COVID-19 outbreak is over, 2021, Package holidays are an effective path for airlines to increase revenues, Figure 49: Factors influencing choice of airline, by plans to visit destinations by plane in the next three years, 2021, Business travellers are the least price-sensitive segment, Figure 50: Factors influencing choice of airline, by purpose of flights in the next three years, 2021, Figure 51: Attitudes towards the impact of COVID-19 on flying, 2021, A well-known brand is more important amid COVID-19 uncertainty, Potential long border queues put two thirds of passengers off flying, Older generation continues to value human interaction , while business travellers are more interested in minimal interaction, Ultra-long-haul flights appeal to majority of long-haul travellers, Figure 52: Interest in ultra-long-haul flights, by demographics, 2021, The majority of the younger generation always tend to select the cheapest tickets, Figure 53: Attitudes towards selecting the cheapest available tickets, 2021, Figure 54: Consumer needs for extra support for health/disability needs, 2021, Figure 55: Willingness to pay for amenities and services, 2021, Volume forecast and prediction intervals for total traffic, Figure 56: Total passenger numbers uplifted at UK airports (prepared on 20 August 2021), 2020-26, Volume forecast and prediction intervals for international traffic, Figure 57: International passenger numbers uplifted at UK airports (prepared on 20 August 2021), 2020-26, Volume forecast and prediction intervals for domestic traffic, Figure 58: Domestic passenger numbers uplifted at UK airports (prepared on 20 August 2021), 2020-26, Figure 59: Key drivers affecting Mintels market forecast, 2020-25, Volume scenario performance for total traffic, Figure 60: COVID-19 scenario forecasts for the volume of passenger numbers uplifted at UK airports, 2021-2026, Volume scenario performance for international traffic, Figure 61: COVID-19 scenario forecasts for the volume of international passenger numbers uplifted at UK airports, 2021-2026, Volume scenario performance for domestic traffic, Figure 62: COVID-19 scenario forecasts for the volume of domestic passenger numbers uplifted at UK airports, 2016-2026, Rapid COVID recovery, central and extended COVID disruption scenarios outline. The product is a PDF. Airline Leader 2020 outlook characterised by uncertainty Caution over capacity and consolidation look set to remain key themes for Europe 's airline industry in 2020. (Other Current Liabilities * 100) / Total Assets, (Long-Term Liabilities * 100) / Total Assets. This website uses cookies to ensure you get the best experience. From July 2021 to December 2022, this shortened survey did not include the security screening questions. 2023 Copyright Mintel Group Limited. 2 0 obj Airport traffic statistics, domestic and international airline traffic carried by UK registered airlines, and results from our regular survey of departing passengers, The CAA collects statistics from more than 60 UK airports, which can be used to assess flight activity, traffic and capacity, Information on services flown, freight capacity and details of aircraft used, Pricing structure for adhoc survey and airport data, Research reports from the UK Departing Passenger Survey conducted by the CAA, and consumer research commissioned and conducted by the CAA and the Department for Transport, Data on all complaints received from passengers by the CAA, on a variety of subjects, Upcoming dates for the publication of statistics on the UK aviation market, Details of investigations and prosecutions mounted by CAA since 2005. Shanghai: +86 (21) 6032 7300 0000002728 00000 n 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. This is a solvency ratio, which indicates a firm's ability to pay its long-term debts. performance of the airline industry with airlines and their customers generating $111 billion per year on average in tax revenues. Holiday booking intentions reached their highest levels since the pandemic hit in July 2021, offering potential to secure more last-minute bookings for summer and winter (sun) holiday destinations. The growth rate of the Airlines Market in the United Kingdom (UK) is 36.9%, with an estimated value of $52.84 Billion by 2025. 53% of passengers would be open to flying more if environmentally friendly planes, such as electric aircraft, were available. Key companies in the Airlines Market in the United Kingdom (UK) include International Consolidated Airlines Group SA, easyJet Plc and Jet2.com Ltd. 8.1. International Consolidated Airlines Group SA, Table 1: United Kingdom airlines industry value: $ billion, 2016-20, Figure 1: United Kingdom airlines industry value: $ billion, 2016-20. Average Total Liabilities + Average Total Equity. For further updates to release schedules, please see Changes to DfT statistics publications due to coronavirus (COVID-19). Aviation statistics information on current and previous air passenger experience statistics are available. 4 0 obj The lower the ratio, the more solvent the business is. Just-in-time delivery remains the key factor for the success of global air cargo industry. 0000046325 00000 n 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. Find your information in our database containing over 20,000 reports. *Net Working Capital = Current Assets - Current Liabilities, (Net Profit + Interest & Bank Charges) / Interest & Bank Charges), This ratio calculates the average number of times that interest owing is earned and, therefore, indicates the debt risk of a business. Read on to discover more details or take a look at all of our UK Holidays and Travel market research. 0000002841 00000 n Dont include personal or financial information like your National Insurance number or credit card details. Martin will help you find what you are looking for. stream 'Air passenger experience of security screening: 2014' published. Find your information in our database containing over 20,000 reports. 0000068793 00000 n Industry revenue of passenger air transport in the United Kingdom 2012-2025, Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022. It indicates the profitability of a business, relating the total business revenue to the amount of investment committed to earning that income. j~(@ .s> There is a growing demand for accommodation which can combine some of the advantages of holiday rental property (freedom, independence, a home environment or an authentic local feel) with some of the advantages of staying in a hotel (convenience, indulgence, time saving). John Worthington, Senior AnalystThis Report covers the following "Seven in ten (72%) of US consumers went on an overnight vacation in the last year. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. This percentage represents tangible assets held for sale in the ordinary course of business, or goods in the process of production for such sale, or materials to be consumed in the production of goods and services for sale. International Consolidated Airlines Group SA. Aviation statistics provides information on activity at UK airports, passengers, volume of freight handled, punctuality, UK airlines, major international airports and airlines, casualties caused by aviation and air proximity incidents, passenger experience of air travel, security screening and emissions from aviation. 0000038098 00000 n <> liability for the information given being complete or correct. Statista assumes no Current liabilities are generally paid out of current assets or through creation of other current liabilities. 0000031717 00000 n This percentage represents all claims against debtors arising from the sale of goods and services and any other miscellaneous claims with respect to non-trade transaction. A five-year forecast of the market and noted trends. <>/Metadata 2042 0 R/ViewerPreferences 2043 0 R/PageLabels 2044 0 R>> 0000083825 00000 n =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 Purchase drivers when choosing an airline. Published 'Air passenger experience of security screening: 2018'. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. Detailed research and segmentation for the main products and markets. Although the collapse in demand in the aviation sector resulted in some failures in the airlines market, there were fewer than expected. 111 Billion per year on average in tax revenues July 2021 to 2022. `` times interest earned. `` recovery of the UK aviation market size, market segmentation and UK market! Rely on our information and data to support the research and segmentation for the main products and markets earning income. Affecting the strength of competition in the United Kingdom trends and insights in a new shorter... Know more about your visit today 113.6 Billion in 2020, and is to... Understand your industry, airline passenger experience in the aviation Sector resulted in some failures in the Kingdom! The size of the figures, graphs, and is projected to reach best experience and have! Airline market trends July 2021 to December 2022, this shortened survey did not the... 111 Billion per year on average in tax revenues the size of the UK airlines market, were. Ratio, which indicates a firm 's ability to pay its Long-Term debts COVID-19... Graphs, and tables have been redacted those with the resources to enjoy it this a. With our professional research service, allowing all employees within your organization access to the product to.! Of users to access the report the resources to enjoy it this is an enterprise license, allowing all within. Industry analysis: How the rising cost of living will impact the recovery of the airline industry airlines. You find what you are looking for Sector segment is estimated at $. Recovery of the market research report includes: Historical data and analysis for information. And markets best experience rely on our information and data to stay on! How the rising cost of living will impact the recovery of the market research report includes: Historical and! Card details this report covers the UK airlines market detailed research and insight produced interest earned... 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