Full Service Airlines Market Size and Forecast, Key Trends, Company Profiles, 2021-2025

Full Service Airlines Market Size and Forecast, Key Trends, Company Profiles, 2021-2025

Summary

GlobalData’s Full Service Airlines market report provides in-depth analysis of the key market trends that are shaping the future of this segment and an analysis of the full service airline market globally. Detailed market insight is provided on the Americas, Asia-Pacific, Middle East & Africa, and Europe. It also features profiles of some of the segment’s leading players and looks at how companies can better meet their customers' needs. It also assesses the impact of COVID-19 on the industry.

Scope

• After losing the title to China in 2020, the US Full-Service Carrier (FSC) market regained its leading position with the highest number of seats sold in 2021. With 487.9 million passengers in 2021, the sector saw an annual growth of 72.3% and a recovery to 62.6% of pre-pandemic levels.
• Various national governments are incorporating sustainability in their aviation planning as the world is becoming more and more environmentally conscious. For instance, the French government, as part of its financial support to the airline sector emphasized decarbonizing air travel by offering support to zero-carbon hydrogen-fueled airplane projects. As part of the Vision 2030 strategy, Saudi Arabia is also planning to invest huge sums of money into the aviation sector and advises the sector to promote sustainable aviation with the possible introduction of hydrogen-electric powered Cessna Caravan seaplanes.
• The FSC market in the Asia-Pacific region fell from the top to the second position, in terms of seats sold in 2021. The Americas which used to be in the third place acquired the first place in 2021. Since many of the countries in the Asia-Pacific region took more time to reopen their borders to international visitors, the airline sector is lagging in its recovery to pre-pandemic levels. On the other hand, thanks to Latin America with its faster recovery from the pandemic and the US with its strong domestic airline market, the Americas region is recovering well.

• Understand the impact of COVID-19 on this market
• Gauge which are the biggest and most promising regional markets for the FSC market
• Understand the demand-side dynamics within the industry to identify key trends and growth opportunities
• Gain an understanding of the outlook for regional markets and learn from existing successes and our recommendations.