As the recession reduced a slew of economic indicators, including disposable income, airlines felt demand from consumers and businesses slip away in 2008 and 2009. To reduce costs, many airlines cut expenditures on meal catering services, which already comprised a tiny portion of their budgets. Thus, the Airline Catering Services industry has faced lower demand and stagnant growth over the past five years, even as the economic recovery helped push the industry out of the doldrums. As air travel becomes more widespread and accessible to more consumers, the industry will experience moderate growth over the coming five years.
This industry provides food preparation and catering services for domestic flights, international flights (originating in the United States) and nonscheduled domestic flights (e.g. charter flights). Airline caterers generate revenue through the provision of full meals, beverages, snacks and other items, such as cutlery, napkins and cups.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.