Passenger Air Transport

Passenger Air Transport

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Scheduled passenger air transport revenue is expected to contract at a compound annual rate of 3.6% to £24.1 billion over the five years through 2023-24, including a forecast growth of 13.7% in the current year, when the industry’s average margin is estimated at 12.3%.  

Non-scheduled passenger air transport revenue is expected to contract at a compound annual rate of 3.5% to £3 billion over the five years through 2023-24, including a forecast growth of 6.8% in 2023-24, when the average margin is estimated to be 7.2%. The COVID-19 outbreak proved a great challenge to revenue.

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Industry
Challenges

  • Recruitment challenges
  • Plan around decarbonisation and the future
  • Look closely at the supply chain.
  • The fallout from staggering inflation

(Martyn Fiddler Aviation, 2023)

Investment
Opportunities

  • Adaptive workforce solutions
  • Technology innovations
  • Travel recovery services & travel data analytics
  • Sustainable Aviation

(PPR, 2023)

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Scheduled passenger air transport market size
£01234567890B

Non-scheduled passenger air transport industry market size
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Active businesses in the UK

(Ibis World, 2023; Ibis World, 2023)