The airline industry delivers global mobility. They are fastest and most safe transport modes that other industry cannot compete with. It widers social and economic benefits. Size of the industry
From the above figures, airline industry is one of the fastest growing economic sectors over the last 40 years (2.5 billion in 2011).It achieved ten folded expansion in travel volumes and a 14 times expansion in freight.The current market value is $570.1 billion. Customers are now being benefit from the expansion that cause the consequences of halving of the operating costs, eenhanced improvement on technology, more efficiencies in operations, prices lowered and the quality of services and products increased meanwhile market matured
Scope of the industry
The airline industry is operating in various types and hundreds of airplanes from civil carriers, carrying mail to cargo, through full-service Airline services and Low costs carriers. The routes can be categorized as being intercontinental, intra-continental, regional or domestic and operated as scheduled services or charters. These variations in the types of airline companies, their scope make the airline industry somewhat complex.
Regarding to APPA (Association of Asia Pacific Airlines) statistics, the growth rate is more than 4 percent. Asia pacific will be more significantly in growth. Key Player
The key players are mostly in United States and Europe countries due to its original developments. The top five major player from the above chart are; Delta, United, American, Air France-KLM AND Northwest.
Market share by competitor
American Airlines and Delta Airlines hold most of the market share ahead to any other airlines around the world. They handled 500 million passengers annually and operate fleets of 500 (Delta) to 725 (American) Aircraft leading the entire airline industry.
The key Business...