The Global Airlines industry has taken off over the past five years. Airlines have exhibited positive growth since 2010. The total number of global tourist arrivals has increased 3.7% per year on average over the five years to 2015, which has led to greater travel demand. As unemployment has declined in developed economies and disposable income has risen in emerging economies, vacation and discretionary travel spending has increased. In addition, the number of business travelers, who usually pay a premium for tickets, has increased over the past five years as corporate profit has risen, which has bolstered businesses' travel budgets.
Passenger airlines provide air transportation of passengers over scheduled or nonscheduled routes, domestically and internationally. Transportation of cargo is excluded from this industry.
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.