*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. (Accounts Receivable * 100) / Total Assets. liability for the information given being complete or correct. performance of the airline industry with airlines and their customers generating $111 billion per year on average in tax revenues. Dont worry we wont send you spam or share your email address with anyone. Digital research and online booking are becoming the norm amongst The trend in short breaks is leaning towards high-intensity breaks, built around eye-catching experiences where the experience itself is the central element. Purchase drivers when choosing an airline. x]K$q0MA5|0|XX-7Y.f$#_O>}.oc/?|/>~+mo7v7cEwr~Wo_u/4'J[d3u*fop;p7%sta0O~POb/[#g^?Id'__`_i?MX1|\XxJwgx(9e&uw^}`g}c*~bd_/~ =7r$SLXQzTVG_5cvH6s=D_}%|Q7Ew{?wsz/kr_)lV13yJEM?)MvigZi\-oXysR= To help us improve GOV.UK, wed like to know more about your visit today. According to the IATA, in 2019, this sector provided 1.56 million jobs, and $110 billion of gross value to the GDP, which accounts for 4.5% of UK GDP. This is a single user license, allowing one user access to the product. Dusseldorf: +49 (0) 211 3399 7411 This percentage represents tangible or intangible property held by businesses for use in the production or supply of goods and services or for rental to others in the regular operations of the business. 0000049635 00000 n IBISWorld is used by thousands of small businesses and start-ups to kick-start business plans, Spend time growing your business rather than digging around for industry ratios and financial projections, Apply for a bank loan with the confidence you know your industry inside and out, Use IBISWorlds industry ratios and benchmarks to create realistic financial projections you can stand behind. 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. */@z 9ENl;Q.b3, 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. Global Airlines Market to Reach $744 Billion by 2026 Amid the COVID-19 crisis, the global market for Airlines estimated at US$332.6 Billion in the year 2020, is projected to reach a. The impact of COVID-19 on the UK airlines market. <<68B8D454EF94C44E932616ADD7AE8739>]/Prev 997097>> Mintel Group Limited This means well-design themed travel can serve as an ingredient for customised travel on one hand, but it is difficult for themed travel to enjoy economy of scale on the other Event organisers are increasingly banning plastic at concerts and festivals in response to consumers environmental concerns. Well send you a link to a feedback form. 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. Research Methodology. This website uses cookies to ensure you get the best experience. Sign in to view your account and previous purchases. The latter is likely to appeal to those who missed their usual overseas summer holiday this year, thanks to continued COVID-19 restrictions on international travel. % Find your information in our database containing over 20,000 reports. All Rights Reserved. There is a willingness to pay for added benefits, particularly for flexible cancellation policies, spaced out seating on board and priority boarding. London, EC4V 5EX Consumer Lifestyle, Marketing & Promotion, UK Impact of COVID-19 on Transport Usage Market Report 2021, US COVID-19 Impact on Travel: One Year Later | Market Report 2021, Ride Sharing and Mobility Services - Canada - March 2020, US Alternative Transportation Market Report 2020. Most of these statistics are collected by the Civil Aviation Authority (CAA) and other organisations external to the department. 0000038098 00000 n Get in touch with us. Mintels proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. This percentage represents obligations that are not reasonably expected to be liquidated within the normal operating cycle of the business but, instead, are payable at some date beyond that time. It excludes those assets intended for sale. A comparison of this ratio may indicate the extent of a companys control over credit and collections. Most consumers have eaten at a local restaurant in the past year, which ranks as a top travel priority. 0000049356 00000 n 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. Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain. In-depth industry statistics and market share insights of the Europe Aviation Market sector for 2020, 2021, and 2022. Tokyo: +81 (0)3 6228 6595. Sign in to view your account and previous purchases. Figure 2: COVID-19 scenario forecasts for the volume of International passenger numbers uplifted at UK airports, 2016-2026. data than referenced in the text. Find your information in our database containing over 20,000 reports. 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 2023 Copyright Mintel Group Limited. [{"name":"Business Travel","url":"https:\/\/store.mintel.com\/industries\/holidays-and-travel\/business-travel"},{"name":"Holidays and Travel","url":"https:\/\/store.mintel.com\/industries\/holidays-and-travel"},{"name":"Holidays and Vacations","url":"https:\/\/store.mintel.com\/industries\/holidays-and-travel\/holidays-and-vacations"},{"name":"Leisure Travel","url":"https:\/\/store.mintel.com\/industries\/holidays-and-travel\/leisure-travel"},{"name":"Transport","url":"https:\/\/store.mintel.com\/industries\/holidays-and-travel\/transport"}]. It excludes assets held for rental purposes. This ratio is not very relevant for financial industries. 0000021789 00000 n <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/Annots[ 14 0 R] /MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> 67% of UK flyers agree that low prices influence their choice of airline. 79 39 Behaviour regarding the environment and flying. Intentions to travel by air and likely behavioural changes in 2023. The Departing Passenger Survey was suspended from March 2020 to June 2021 because of the coronavirus (COVID-19) pandemic, so data is not available for this period. News stories, speeches, letters and notices, Reports, analysis and official statistics, Data, Freedom of Information releases and corporate reports. 0000068971 00000 n 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 1 0 obj This market report covers the market size, market forecast, market segmentation and industry trends for the Airlines market in the UK. HVAC (Heating, Ventilation, & Air Conditioning), United Kingdom (UK) Airlines Market Summary, Competitive Analysis and Forecast, 2017-2026, Europe Airlines Market Summary, Competitive Analysis and Forecast, 2017-2026, Budget Airlines in the UK - Industry Market Research Report, Air Transport Equipment Rental & Leasing in Europe - Industry Market Research Report. 0000002692 00000 n This percentage represents the total of cash and other resources that are expected to be realized in cash, or sold or consumed within one year or the normal operating cycle of the business, whichever is longer. Get the best reports to understand your industry, Airline passenger experience in the United Kingdom. We use some essential cookies to make this website work. International Consolidated Airlines Group SA. (z[ Data and statistics about UK airports, air passenger experiences and international airports and airlines. 0000134526 00000 n Consumer Lifestyle, Marketing & Promotion, UK Holiday Planning and Booking Process Market Report 2022, UK The Young Traveller Market Report 2021, UK Summer Leisure Outlook Market Report 2021, UK COVID-19 And Out-Of-Home Leisure: A Year On Market Report 2021, UK Skiing and Snowboarding Holidays Market Report 2021, US Hotels and Hotel Alternatives Market Report 2021, US Outdoor Leisure Activities Market Report 2021, US Holidays and Traditions Market Report 2021, US COVID-19 Impact on Travel: One Year Later | Market Report 2021, Attitudes to Travel & Leisure Thai Consumer 2021, US Vacation Planning and Inspiration Market Report 2021. All of the aviation statistics published are official statistics. Are you interested in testing our business solutions? Associate Director Travel. This is an efficiency ratio, which indicates the average liquidity of the inventory or whether a business has over or under stocked inventory. Who are the top competitors in the United Kingdom's airlines market? 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. Spending by foreign tourists supports a further US $34 billion of the country's GDP, totaling to US $120 billion. 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. Domestic and international tourism saw a marked decline in 2020 due to travel restrictions and lockdowns, which led to a significant decline in the airlines industry. Research expert covering mobility and logistics. Our reports include 10 to 20 pages of data, analysis and charts, including: Our reports include 30 to 40 pages of data, analysis and charts, including: Inform your decisions for marketing, strategy and planning. From July 2021 to December 2022, this shortened survey did not include the security screening questions. Get the best reports to understand your industry, Airline passenger experience in the United Kingdom. 0000134249 00000 n Current liabilities are generally paid out of current assets or through creation of other current liabilities. Germany, London: +44 (0)207 606 6000 Martin will help you find what you are looking for. We therefore expect to be able to provide updated statistics from 2024 onwards. 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. Explores UK aviation market size and UK airlines market share. Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market. The five-year outlook for the UK airlines market, 2022 will be a much stronger year but multiple challenges hamper recovery, Cost of living crisis delays the recovery of the UK airlines market, Figure 2: International passenger numbers uplifted at UK airports, 2017-27, Figure 3: Domestic passenger numbers uplifted from UK airports, 2017-27, Government support mainly benefits higher earners, APD changes will reduce the tax on domestic flights to support domestic connectivity, UK government publishes Jet Zero strategy for net-zero aviation by 2050, Wizz Air continued to expand during the pandemic, Jet2.com has strengthened its position during the pandemic, Emirates offers economy passengers the option to trade up to premium economy, High earners most likely to take flights, with gap set to widen, Figure 4: Flying habits prior to COVID-19, by purpose, 2022, VFR segment expected to lead the recovery, Figure 5: Intention to take flights in the next 12 months, by purpose, 2022, Airlines will have to ensure passengers feel comfortable booking domestic flights, Figure 6: Intentions to visit destinations by air in the next 12 months, 2022, Older passengers are less eager to return to the skies as often as before the pandemic, Figure 7: Changes in the number of flights expected compared to prior to COVID-19, by age and annual household income, 2022, Soaring inflation poses the biggest threat to the recovery of the airlines market, Figure 8: Reasons for taking fewer flights compared to prior to COVID-19, by age, 2022, Price is the leading factor when choosing an airline, Figure 9: Factors influencing choice of airline, 2022, but a good range of flight times and good customer service can broaden appeal, Innovations focussed on speed can help airports gain a competitive advantage, Figure 10: Most important airport attributes when flying from a UK airport, 2022, Airport foodservices seen as overpriced and chaotic, Broad support among passengers for biometric checks, Figure 11: Attitudes towards flying, 2022, SAF and electric planes will help to enable future growth of the airlines market, The challenge to offering a low price amid rising operation costs, Enhancing the flexibility of search technology, Airport food experiences require improvements, International and domestic passenger volumes remained well below pre-COVID-19 levels in 2021, Figure 12: Passenger numbers uplifted at UK airports, 2016-22, Figure 14: International passenger numbers uplifted at UK airports, 2017-27, Figure 15: Domestic passenger numbers uplifted from UK airports, 2017-27, Energy price cap prevented consumer confidence from falling further, Figure 16: The Financial Confidence Index, 2009-22, Many proposed changes to the UKs tax arrangements abolished following market reaction, Increased operational costs put pressure on ticket prices, Figure 17: Europe Brent Spot price, yearly averages 2010-21, forecast for 2022-23, Staff shortages continue to impact some companies services, Holiday bookings kept up well throughout the summer months, Figure 18: Holiday bookings in the last three months, 2016-22, Holiday booking intentions were around pre-pandemic levels in September 2022, Figure 19: Plans to book a holiday in the next three months, 2016-22, Wizz Air continued to expand its number of bases during the pandemic, Figure 20: Top 10 UK-based airlines, by passenger numbers uplifted globally, 2017-21, easyJet adds more partners to its connection service, British Airways and Qatar Airways Move Further Together, Ryanair adds flights in response to competitor cancellations, Increased competition on routes to the US, while start-ups plan to launch services on underserved routes to India in 2022, Technological innovations to help improve the airport experience, Delta offers personalised airport experience through Parallel Reality technology, RDU opens virtual food hall with gate delivery service, Airlines introduce new premium experiences, Air New Zealand will offer sleep pods to economy passengers in 2024, Virgin Atlantics Retreat Suites will take off in October 2022, Roadmaps for a greener aviation industry continue to be rolled out, New steps taken to make urban air mobility a reality, London City Airport aims to become Londons first net-zero airport, Innovations to enhance inclusivity in the airlines market, MSP Airport opens mock cabin to promote travel equity, PLAY stays away from traditional outfits and instructions for its cabin crew, Virgin Atlantic amends ticketing system for gender-neutral passport holders, Above-the-line spend by airlines is recovering at a slower pace, Figure 21: Total above-the-line, online display and direct mail advertising expenditure on ads by airlines, 2018-21 and H1 2018-H1 2022, Emirates was the second biggest ad spender in 2021, Figure 22: Top 10 above-the line, online display and direct mail advertising expenditure on ads by airlines, 2019-21, Figure 23: Attitudes towards and usage of selected brands, 2022, Figure 24: Key metrics for selected brands, 2022, Brand attitudes: Virgin Atlantic closely associated with worth paying more for, Brand personality: easyJet and Wizz Air seen as accessible airlines, Figure 26: Brand personality macro image, 2022, Of the low-cost airlines, Jet2.com is most closely associated with being caring and reliable, Figure 27: Brand personality micro image, 2022, Reliable performance has boosted Jet.coms image, Figure 28: Satisfaction of brands operating in the airlines market, 2019-22, easyJet had the highest usage level in the year to August 2022, Ryanair continues to enjoy high usage despite relatively low customer ratings, Despite decline, British Airways continues to have the highest share of committed users, Figure 29: Commitment towards brands operating in the airlines market, 2019-22, Despite decline, Virgin Atlantic enjoys the highest customer satisfaction and recommendation levels, Figure 30: Flying habits prior to COVID-19, by purpose, 2022, Figure 31: Intention to take flights in the next 12 months, by purpose, 2022, Three in four passengers plan to fly to a short-haul destination in the coming year, Figure 32: Intentions to visit destinations by air in the next 12 months, 2022, There continue to be opportunities to sell more premium experiences, Emirates uses VR to showcase signature products, Figure 33: Changes in the number of flights expected compared to prior to COVID-19, by age and annual household income, 2022, There remain fears over potential disruption over the coming winter period, Figure 34: Reasons for taking fewer flights compared to prior to COVID-19, by age, 2022, Figure 35: Factors influencing choice of airline, 2022, Figure 36: Factors influencing choice of airline, TURF analysis, 2022, Business travellers are the least price-sensitive segment, Figure 37: Most important airport attributes when flying from a UK airport, 2022, Figure 38: Most important airport attributes when flying from a UK airport, by age, 2022, Majority of passengers are concerned about the expected price increase of flight tickets, Figure 39: Consumer concerns about expected price increase of flight tickets, 2022, Figure 40: Attitudes towards flying, 2022, Figure 41: Factors influencing choice of airline, TURF analysis table output, 2022, Figure 42: Total passenger numbers uplifted at UK airports, 2022-27, Figure 43: International passenger numbers uplifted at UK airports, 2022-27, Figure 44: Domestic passenger numbers uplifted at UK airports, 2022-27. 100 ) / Total Assets is an efficiency ratio, which indicates the average liquidity of inventory... 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