Charter Flights in the US - Industry Market Research Report

Charter Flights in the US - Industry Market Research Report

Charter Flights in the US

Operators in the Charter Flights industry provide nonscheduled air transport services for passengers and cargo, which is also referred to as a charter arrangement. Travel may be between private or public airports and may involve regular or irregular service. Over the five years to 2023, industry revenue has faced volatile economic conditions, which have reduced demand from passengers traveling for both corporate and leisure purposes. Heightened e-commerce activity amid the pandemic partially insulated the industry from COVID-related declines in 2020. Although the pandemic ultimately hindered revenue, pent-up demand supports a strong recovery for the industry. Overall, industry revenue increased a CAGR of 0.1% to $26.0 billion over the five years to 2023, including an increase of 0.5% in 2023 alone.

Companies in this industry provide air transport services on an irregular or nonscheduled basis for passengers and cargo, also referred to as a charter arrangement. Industry operators enable people to fly where they want, in terms of destination and airport, and when they want, as opposed to commercial airlines that operate on a fixed schedule of destinations and times. This industry also includes scenic tours and sightseeing services.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.