For the annual CAPA Business Briefing, OAG's Executive VP John Grant analyses the changes in global capacity, the North American market and how The Big Three can have a major influence in the market.
This document provides an overview and summary of trends in the MRO (maintenance, repair, and overhaul) market. It begins with an overview of the current MRO market size of $60.7 billion annually. It is projected to grow to $89 billion by 2023. Key trends discussed include increased aircraft retirements driving more deliveries, original equipment manufacturers taking a larger role in MRO, and the surplus parts market growing as more aircraft are dismantled for parts. The role of fleet dynamics like an aging fleet and fuel costs are reshaping the industry.
The document provides an overview and outlook of the commercial airplane market from 2012 to 2031. Some key points:
- Boeing forecasts a demand for 34,000 new airplanes valued at $4.5 trillion over the period. 68% (23,240) will be single-aisle airplanes, reflecting growth in emerging markets and low-cost carriers.
- The largest markets will be Asia Pacific demanding 12,030 airplanes and Europe demanding 7,760 airplanes.
- Global economic growth is expected to average 3.2% annually, driving 5% growth in passenger traffic and 5.2% in cargo traffic.
- Airlines are optimizing fleets and utilization in response to high and volatile fuel
Unique to the aviation industry, aviation expert, Stuart Rubin, discusses the ICF Residual Value Model and how it compares to current methodologies in the industry.
This presentation was originally shared at the Air Transportation Research International Forum (ATRIF) on October 21, 2015.
To learn more, visit: http://www.icfi.com/markets/aviation
The document provides an overview and analysis of global air travel demand forecasts through 2031. It predicts that emerging markets in Asia-Pacific and the Middle East will experience the highest traffic growth rates, driving over half of worldwide economic growth and increasing their share of global air traffic. By 2031, domestic Chinese traffic is projected to equal domestic US traffic, together accounting for over 20% of worldwide air traffic. Overall, passenger and cargo traffic are expected to grow annually by 4.7% and 4.9% respectively, with over 28,000 new aircraft deliveries worth $3.96 trillion needed to meet demand.
This document discusses opportunities in China's aviation industry and the potential for US companies to sell to the growing Chinese market. It provides data on historical trends in China's general aviation sector and forecasts continued growth in areas like private jets, training, and aerial spraying. Maps show regional concentrations of China's aviation industry and the corporations located in each region. Charts project strong growth in China's aviation GDP and traffic through 2033. The document argues US companies that establish manufacturing operations in China can benefit from lower costs and gain favor with Chinese customers. In summary, the seminar presentation outlines China's expanding aviation sector and prospects for US involvement.
This document compares the aviation sectors of India and the US through an analysis of their economies, statistics, geographies, and histories. It finds that while the US aviation sector is much larger and more developed, India's sector has been growing rapidly in recent decades. However, India still lags behind in areas like number of airports and aircraft, domestic passenger traffic relative to population, and ticket prices. The document suggests ways for India to further develop its aviation sector, such as increasing airport infrastructure, regularizing fares, and promoting more affordable airlines.
For the annual CAPA Business Briefing, OAG's Executive VP John Grant analyses the changes in global capacity, the North American market and how The Big Three can have a major influence in the market.
This document provides an overview and summary of trends in the MRO (maintenance, repair, and overhaul) market. It begins with an overview of the current MRO market size of $60.7 billion annually. It is projected to grow to $89 billion by 2023. Key trends discussed include increased aircraft retirements driving more deliveries, original equipment manufacturers taking a larger role in MRO, and the surplus parts market growing as more aircraft are dismantled for parts. The role of fleet dynamics like an aging fleet and fuel costs are reshaping the industry.
The document provides an overview and outlook of the commercial airplane market from 2012 to 2031. Some key points:
- Boeing forecasts a demand for 34,000 new airplanes valued at $4.5 trillion over the period. 68% (23,240) will be single-aisle airplanes, reflecting growth in emerging markets and low-cost carriers.
- The largest markets will be Asia Pacific demanding 12,030 airplanes and Europe demanding 7,760 airplanes.
- Global economic growth is expected to average 3.2% annually, driving 5% growth in passenger traffic and 5.2% in cargo traffic.
- Airlines are optimizing fleets and utilization in response to high and volatile fuel
Unique to the aviation industry, aviation expert, Stuart Rubin, discusses the ICF Residual Value Model and how it compares to current methodologies in the industry.
This presentation was originally shared at the Air Transportation Research International Forum (ATRIF) on October 21, 2015.
To learn more, visit: http://www.icfi.com/markets/aviation
The document provides an overview and analysis of global air travel demand forecasts through 2031. It predicts that emerging markets in Asia-Pacific and the Middle East will experience the highest traffic growth rates, driving over half of worldwide economic growth and increasing their share of global air traffic. By 2031, domestic Chinese traffic is projected to equal domestic US traffic, together accounting for over 20% of worldwide air traffic. Overall, passenger and cargo traffic are expected to grow annually by 4.7% and 4.9% respectively, with over 28,000 new aircraft deliveries worth $3.96 trillion needed to meet demand.
This document discusses opportunities in China's aviation industry and the potential for US companies to sell to the growing Chinese market. It provides data on historical trends in China's general aviation sector and forecasts continued growth in areas like private jets, training, and aerial spraying. Maps show regional concentrations of China's aviation industry and the corporations located in each region. Charts project strong growth in China's aviation GDP and traffic through 2033. The document argues US companies that establish manufacturing operations in China can benefit from lower costs and gain favor with Chinese customers. In summary, the seminar presentation outlines China's expanding aviation sector and prospects for US involvement.
This document compares the aviation sectors of India and the US through an analysis of their economies, statistics, geographies, and histories. It finds that while the US aviation sector is much larger and more developed, India's sector has been growing rapidly in recent decades. However, India still lags behind in areas like number of airports and aircraft, domestic passenger traffic relative to population, and ticket prices. The document suggests ways for India to further develop its aviation sector, such as increasing airport infrastructure, regularizing fares, and promoting more affordable airlines.
The Growing Potential of the Airlines and MRO IndustriesEm Muslih
The document summarizes the growing global and Indonesian aviation industries and MRO market. It finds that global GDP and air travel demand are expected to increase in coming years. The Asian market is projected to see the highest growth in air traffic and fleet size. The Indonesian aviation market is also predicted to continue expanding steadily. The global MRO market is driven by the growth in the number of aircraft and is projected to increase by 5% annually on average through 2021. Engine maintenance makes up the largest segment of the MRO market. Airlines prioritize efficiency, simplicity and lower total cost of ownership from MRO providers to focus on their core business operations.
Mexico presents opportunities for investment and profitability due to lower labor costs compared to other regions. While labor costs in China were lower than Mexico in 2008, Mexico provides advantages in industrial construction costs, export fees, land and rent prices, taxes, and proximity to North American and European markets. Mexico has a large, young workforce and is politically and economically stable with a growing GDP and numerous free trade agreements. Despite security concerns in limited areas, Mexico offers infrastructure, skilled labor force, and an open economy for manufacturing exports. The document promotes Mexico as an attractive high-profit alternative to other emerging markets for foreign investment.
Impact of COVID 19 on Auto sector in Pakistan. AliRaza2679
The document discusses the impact of COVID-19 on Pakistan's auto sector. It notes that production and sales were reduced to zero in April for major car companies like Pak Suzuki, Indus Motors, and Honda Atlas due to lockdowns. Pak Suzuki typically leads the market with around 70% share but has seen sales declines of 45-100% in 2020 compared to last year. The US government announced a $2.3 trillion stimulus package to support citizens and businesses through loans, unemployment benefits, and other measures during the pandemic.
Sourcing Opportunities in Brazil - Market SurveyDragon Sourcing
This market survey highlights the major export categories, emerging export products, economic overview as well as the sourcing opportunities in Brazil. For more details, please visit: http://www.dragonsourcing.com/
The document discusses economic opportunities for trade and investment between Italy and the United Arab Emirates (UAE). Key points include:
1) Bilateral trade between Italy and UAE has grown significantly in recent years and Italy is now the UAE's largest trading partner in the Arab world.
2) Major Italian exports to UAE include jewelry, industrial machinery, and metal/mechanical products. There is also potential to increase exports in other sectors like food.
3) UAE represents opportunities for Italian companies to access large infrastructure projects in sectors like construction, transportation, and energy as the country undertakes major development initiatives.
4) Sectors seen as promising for increased Italian investment and trade include metal
The COVID-19 pandemic has severely impacted global aviation, with international travel restrictions in place covering 98% of global passenger revenues. IATA estimates a $252 billion loss in passenger revenues in 2020, a 38% drop in revenue passenger kilometers, as bookings declines sharply across all regions. Airlines face a severe financial situation, with most having only a few months of cash on hand and high debt levels that will be difficult to service without a recovery in air travel demand.
- Global passenger traffic grew 5.3% in 2012, in line with long-term trends of 5% annual growth. However, airlines increased capacity by less than the traffic increase, boosting load factors.
- The commercial airline industry is expected to be profitable in 2013, generating $10.6 billion in net profits. However, high fuel costs remain a major challenge.
- Demand for large jetliners remains strong, supported by traffic growth, replacement needs, and orders from emerging markets. Backlogs at Boeing and Airbus represent 8 years of production. Regional aircraft demand has weakened somewhat.
The document discusses several news items:
1. The Indian government approved raising income tax exemption limits and lowering tax rates for certain income brackets.
2. Mahindra & Mahindra plans to bring vehicles from Ssangyong to India after completing its acquisition of the Korean automaker for around $500 million.
3. Vedanta Group will acquire a majority stake in Cairn India for $9.6 billion in cash to expand its oil and gas business.
This dossier presents graphs and tables about the automotive industry in Brazil. Focusing on production and sales, it also provides data on selected car manufacturers and their market share in Brazil. Source: Statista
1. The Indian government approved raising the income tax exemption limit from 1.6 lakh rupees to 2 lakh rupees, with income between 2-5 lakh facing a 10% tax rate, 5-10 lakh facing 20% and over 10 lakh facing 30%.
2. Mahindra & Mahindra plans to bring vehicles from SsangYong to India after completing its acquisition of the Korean automaker for around $500 million, and will work to eliminate SsangYong's $640 million debt.
3. Vedanta Group will acquire a 51-60% stake in Cairn India for $8.5-9.6 billion,
The document summarizes a report on the world tire market. It finds that growth will be led by developing countries like China and India. The Asia/Pacific region will account for two-thirds of growth through 2017, led by China as the largest market. India will surpass Japan as the third largest market by 2017. Growth in North America and Western Europe will lag below 2% annually due to mature vehicle markets. Motorcycle and other specialty tires will see above average growth. The report provides historical and forecast demand data through 2022 for various regions and countries.
Cheap Air Tickets Delhi to Mumbai Flights in India. The cheap air ticket delhi to Mumbai provide for you by A4A Travel. Find Lowest Air Tickets Delhi to Mumbai Flights. A4atravel.com is a complete trip location control center offering all trip & trip relevant services from Cheap Air Tickets Delhi to Mumbai Flights and Railway tickets, and business travelers with specially designed tours.
Gujarat has experienced strong economic growth, with annual growth averaging 9% in the last 3 years. It accounts for 16% of India's industrial production despite having only 5% of the population. Key industries include petrochemicals, automotive, engineering, textiles, and chemicals. The state has developed infrastructure like ports, roads, and industrial parks to support business. There are opportunities for Japanese companies in sectors like infrastructure, IT, engineering, chemicals, and healthcare.
Can Aviation & The Middle East Manage Without Oil???? David Studden
Oil has long been the life blood of the Middle East as well as Aviation - but in an inverse sort of way! High Oil prices good for Middle Eastern economies but bad for aviation and vice versa. What does the future hold for both - Aviation & the Middle East?
ENGINE FORECAST 2016 - 2021 - KP Published in Diesel Progress InternationalKamini Patel
The document summarizes forecasts for global economic growth and engine production in 2016. While global GDP is expected to grow 3.6% in 2016, an increase from 2015, growth forecasts have been lowered, especially for China, Brazil, and Russia. Global engine production is forecast to grow 2% in 2016, with diesel engine production increasing from 17.7 million units in 2015 to over 21 million by 2021. Passenger cars, minivans, recreational products, and lawn and garden equipment are expected to see the highest growth in 2016. Major engine manufacturers are restructuring to maintain profitability during the period of modest economic growth and fluctuating markets.
Turkey is a transcontinental country located in both Asia and Europe. It has a population of over 76 million people and a predominantly Muslim population. Turkey has a diverse landscape that includes coastlines on the Black Sea, Mediterranean, and Aegean Sea. Its largest city and economic center is Istanbul, with a population of over 13 million people. Turkey has a mixed economy that is growing, with key industries including agriculture, manufacturing, and services.
The document discusses opportunities for US companies exporting to India. It provides an overview of India's strong economic growth, large middle class, and changing policies that make it more attractive for foreign investment. Specific industries like IT, biotechnology, automobiles are highlighted as top sectors in cities such as Bangalore, Chennai, Hyderabad, Mumbai, and New Delhi. The document also lists the Indian government's efforts to improve intellectual property protection and provides resources for US companies to utilize when exporting to India.
The document summarizes the 2016 clash between India and Pakistan. It provides background on events leading up to the clash, including the death of Burhan Wani and the Uri base attack. It then discusses India's claim of a surgical strike against Pakistan, Pakistan's rejection of this claim, and increased cross-border firing between the two countries. It also notes the reactions from both countries as well as responses from other international actors.
Aviation includes all non-scheduled civil flying, both private and commercial. General aviation may include business flights, air charter, private aviation, flight training, ballooning, parachuting, gliding, hang gliding, aerial photography, foot-launched powered hang gliders, air ambulance, crop dusting, charter flights, traffic reporting, police air patrols and forest fire fighting.
This document summarizes the economics of Pakistan. It describes how economics studies a country's use of resources, labor, investment returns, taxes, and business success or failure. It notes that Pakistan has the 25th largest economy by PPP and 38th largest by GDP, with a per capita GDP of $1,550. The document discusses the characteristics, problems, and upcoming challenges of Pakistan's economy, concluding that Pakistan has a bright future if it promotes patriotism, discourages negativity, and encourages skills and hard work.
The Growing Potential of the Airlines and MRO IndustriesEm Muslih
The document summarizes the growing global and Indonesian aviation industries and MRO market. It finds that global GDP and air travel demand are expected to increase in coming years. The Asian market is projected to see the highest growth in air traffic and fleet size. The Indonesian aviation market is also predicted to continue expanding steadily. The global MRO market is driven by the growth in the number of aircraft and is projected to increase by 5% annually on average through 2021. Engine maintenance makes up the largest segment of the MRO market. Airlines prioritize efficiency, simplicity and lower total cost of ownership from MRO providers to focus on their core business operations.
Mexico presents opportunities for investment and profitability due to lower labor costs compared to other regions. While labor costs in China were lower than Mexico in 2008, Mexico provides advantages in industrial construction costs, export fees, land and rent prices, taxes, and proximity to North American and European markets. Mexico has a large, young workforce and is politically and economically stable with a growing GDP and numerous free trade agreements. Despite security concerns in limited areas, Mexico offers infrastructure, skilled labor force, and an open economy for manufacturing exports. The document promotes Mexico as an attractive high-profit alternative to other emerging markets for foreign investment.
Impact of COVID 19 on Auto sector in Pakistan. AliRaza2679
The document discusses the impact of COVID-19 on Pakistan's auto sector. It notes that production and sales were reduced to zero in April for major car companies like Pak Suzuki, Indus Motors, and Honda Atlas due to lockdowns. Pak Suzuki typically leads the market with around 70% share but has seen sales declines of 45-100% in 2020 compared to last year. The US government announced a $2.3 trillion stimulus package to support citizens and businesses through loans, unemployment benefits, and other measures during the pandemic.
Sourcing Opportunities in Brazil - Market SurveyDragon Sourcing
This market survey highlights the major export categories, emerging export products, economic overview as well as the sourcing opportunities in Brazil. For more details, please visit: http://www.dragonsourcing.com/
The document discusses economic opportunities for trade and investment between Italy and the United Arab Emirates (UAE). Key points include:
1) Bilateral trade between Italy and UAE has grown significantly in recent years and Italy is now the UAE's largest trading partner in the Arab world.
2) Major Italian exports to UAE include jewelry, industrial machinery, and metal/mechanical products. There is also potential to increase exports in other sectors like food.
3) UAE represents opportunities for Italian companies to access large infrastructure projects in sectors like construction, transportation, and energy as the country undertakes major development initiatives.
4) Sectors seen as promising for increased Italian investment and trade include metal
The COVID-19 pandemic has severely impacted global aviation, with international travel restrictions in place covering 98% of global passenger revenues. IATA estimates a $252 billion loss in passenger revenues in 2020, a 38% drop in revenue passenger kilometers, as bookings declines sharply across all regions. Airlines face a severe financial situation, with most having only a few months of cash on hand and high debt levels that will be difficult to service without a recovery in air travel demand.
- Global passenger traffic grew 5.3% in 2012, in line with long-term trends of 5% annual growth. However, airlines increased capacity by less than the traffic increase, boosting load factors.
- The commercial airline industry is expected to be profitable in 2013, generating $10.6 billion in net profits. However, high fuel costs remain a major challenge.
- Demand for large jetliners remains strong, supported by traffic growth, replacement needs, and orders from emerging markets. Backlogs at Boeing and Airbus represent 8 years of production. Regional aircraft demand has weakened somewhat.
The document discusses several news items:
1. The Indian government approved raising income tax exemption limits and lowering tax rates for certain income brackets.
2. Mahindra & Mahindra plans to bring vehicles from Ssangyong to India after completing its acquisition of the Korean automaker for around $500 million.
3. Vedanta Group will acquire a majority stake in Cairn India for $9.6 billion in cash to expand its oil and gas business.
This dossier presents graphs and tables about the automotive industry in Brazil. Focusing on production and sales, it also provides data on selected car manufacturers and their market share in Brazil. Source: Statista
1. The Indian government approved raising the income tax exemption limit from 1.6 lakh rupees to 2 lakh rupees, with income between 2-5 lakh facing a 10% tax rate, 5-10 lakh facing 20% and over 10 lakh facing 30%.
2. Mahindra & Mahindra plans to bring vehicles from SsangYong to India after completing its acquisition of the Korean automaker for around $500 million, and will work to eliminate SsangYong's $640 million debt.
3. Vedanta Group will acquire a 51-60% stake in Cairn India for $8.5-9.6 billion,
The document summarizes a report on the world tire market. It finds that growth will be led by developing countries like China and India. The Asia/Pacific region will account for two-thirds of growth through 2017, led by China as the largest market. India will surpass Japan as the third largest market by 2017. Growth in North America and Western Europe will lag below 2% annually due to mature vehicle markets. Motorcycle and other specialty tires will see above average growth. The report provides historical and forecast demand data through 2022 for various regions and countries.
Cheap Air Tickets Delhi to Mumbai Flights in India. The cheap air ticket delhi to Mumbai provide for you by A4A Travel. Find Lowest Air Tickets Delhi to Mumbai Flights. A4atravel.com is a complete trip location control center offering all trip & trip relevant services from Cheap Air Tickets Delhi to Mumbai Flights and Railway tickets, and business travelers with specially designed tours.
Gujarat has experienced strong economic growth, with annual growth averaging 9% in the last 3 years. It accounts for 16% of India's industrial production despite having only 5% of the population. Key industries include petrochemicals, automotive, engineering, textiles, and chemicals. The state has developed infrastructure like ports, roads, and industrial parks to support business. There are opportunities for Japanese companies in sectors like infrastructure, IT, engineering, chemicals, and healthcare.
Can Aviation & The Middle East Manage Without Oil???? David Studden
Oil has long been the life blood of the Middle East as well as Aviation - but in an inverse sort of way! High Oil prices good for Middle Eastern economies but bad for aviation and vice versa. What does the future hold for both - Aviation & the Middle East?
ENGINE FORECAST 2016 - 2021 - KP Published in Diesel Progress InternationalKamini Patel
The document summarizes forecasts for global economic growth and engine production in 2016. While global GDP is expected to grow 3.6% in 2016, an increase from 2015, growth forecasts have been lowered, especially for China, Brazil, and Russia. Global engine production is forecast to grow 2% in 2016, with diesel engine production increasing from 17.7 million units in 2015 to over 21 million by 2021. Passenger cars, minivans, recreational products, and lawn and garden equipment are expected to see the highest growth in 2016. Major engine manufacturers are restructuring to maintain profitability during the period of modest economic growth and fluctuating markets.
Turkey is a transcontinental country located in both Asia and Europe. It has a population of over 76 million people and a predominantly Muslim population. Turkey has a diverse landscape that includes coastlines on the Black Sea, Mediterranean, and Aegean Sea. Its largest city and economic center is Istanbul, with a population of over 13 million people. Turkey has a mixed economy that is growing, with key industries including agriculture, manufacturing, and services.
The document discusses opportunities for US companies exporting to India. It provides an overview of India's strong economic growth, large middle class, and changing policies that make it more attractive for foreign investment. Specific industries like IT, biotechnology, automobiles are highlighted as top sectors in cities such as Bangalore, Chennai, Hyderabad, Mumbai, and New Delhi. The document also lists the Indian government's efforts to improve intellectual property protection and provides resources for US companies to utilize when exporting to India.
The document summarizes the 2016 clash between India and Pakistan. It provides background on events leading up to the clash, including the death of Burhan Wani and the Uri base attack. It then discusses India's claim of a surgical strike against Pakistan, Pakistan's rejection of this claim, and increased cross-border firing between the two countries. It also notes the reactions from both countries as well as responses from other international actors.
Aviation includes all non-scheduled civil flying, both private and commercial. General aviation may include business flights, air charter, private aviation, flight training, ballooning, parachuting, gliding, hang gliding, aerial photography, foot-launched powered hang gliders, air ambulance, crop dusting, charter flights, traffic reporting, police air patrols and forest fire fighting.
This document summarizes the economics of Pakistan. It describes how economics studies a country's use of resources, labor, investment returns, taxes, and business success or failure. It notes that Pakistan has the 25th largest economy by PPP and 38th largest by GDP, with a per capita GDP of $1,550. The document discusses the characteristics, problems, and upcoming challenges of Pakistan's economy, concluding that Pakistan has a bright future if it promotes patriotism, discourages negativity, and encourages skills and hard work.
The document discusses strategies in the domestic passenger airline industry. It analyzes the strategies of major airlines including mergers for cost leadership, product differentiation through amenities and technology, and hybrid approaches. Southwest Airlines is highlighted as having a sustainable strategy through cost control and differentiated secondary markets and service offerings. A hybrid strategy is concluded to be most valuable as it incorporates the strengths of both cost leadership and product differentiation.
The document discusses the economic impact and trends in the U.S. airline industry. Some key points:
- The airline industry supports over 10 million U.S. jobs and contributes $846 billion to U.S. GDP annually.
- Domestic airfares have declined in real terms over decades as passenger numbers have tripled, making air travel a relatively good value compared to other transportation and consumer goods whose prices have risen faster.
- U.S. airlines have struggled with volatility and thin profit margins historically but have closed the gap with average corporate profitability in recent years through cost reductions and efficiency gains.
The document discusses the history and current state of the airline industry, noting that while it was once luxurious and glamorous, the industry now faces issues like mergers, fees, and unpredictable factors such as fuel costs, weather, and safety issues that challenge its stability and profitability. However, it remains an affordable way to travel, and working in the industry still provides benefits like travel perks that make it worthwhile for some.
This document provides an industry analysis of the Indian airline industry. It includes a timeline of major milestones in the industry, lists the major operational airlines in India, and discusses factors like demand, costs, regulations, and key players. It analyzes segments in the industry like low cost carriers versus full service carriers, and domestic versus international travel. Major airlines like Jet Airways, SpiceJet, and Kingfisher are discussed. The future outlook is also addressed.
The document analyzes the airline industry using Porter's Five Forces model. It finds that the industry faces high barriers to entry due to large capital requirements and regulated airports. The threat of substitutes like road and rail transportation is moderate. However, buyers have high bargaining power due to deregulation and technology, and suppliers also have high bargaining power. Finally, competitive rivalry in the industry is high due to many competitors, price competition, and high fixed costs. Overall, the Porter's Five Forces analysis finds the airline industry to be unattractive.
This document summarizes the contribution of the air transport industry to macroeconomic stability. It discusses how aviation contributes significantly to global GDP and employment, facilitating over 3 billion passengers and 50 million tons of freight annually. This supports over 8.7 million direct jobs and generates $606 billion for the global economy. Aviation also stimulates tourism, which contributes $2 trillion to world GDP and over 101 million jobs globally. The document then discusses the air transport industry in Pakistan, how passenger traffic has grown significantly in recent years, and projections that transit traffic in Pakistan will continue growing rapidly through 2022.
The document summarizes the domestic aviation industry in India. It discusses the history and key players in the industry. Some of the major players mentioned are Air India, Jet Airways, IndiGo, SpiceJet and Go Air. It also analyzes the macro environment factors like growing economy, middle class and potential for future growth. Low cost carriers have been gaining popularity in India and the business models of these carriers are also summarized. The document concludes with future trends of increasing passenger traffic and challenges around infrastructure constraints.
The airline industry involves transporting people and cargo by air on a global scale. It encompasses aircraft manufacturers, airports, airlines, cargo companies, travel agents, and other support industries. Major types include scheduled passenger carriers, cargo carriers, and general aviation. Key metrics used to evaluate airlines include revenue passenger kilometers (RPK), available seat kilometers (ASK), passenger load factor, unit cost, and average unit revenue. Major events were the 1944 Chicago Convention establishing international standards, and airline deregulation in the 1970s-80s allowing more competition. The industry is characterized as capital intensive, seasonal, thin profit margins, and labor intensive service-based.
The COVID-19 pandemic has severely impacted international air travel, with 98% of global passenger revenues now under severe travel restrictions, and IATA projecting a $252 billion loss in passenger revenue and 38% drop in global air travel demand for 2020. The aviation industry faces an unprecedented crisis as airlines have only a few months of cash on hand and high debt levels, and a deep global recession will delay the typical sharp V-shaped recovery seen after previous outbreaks.
The document provides an overview and trends in the commercial aviation MRO market. Key points include:
1) The global commercial aircraft fleet is expected to grow at 3.4% annually to over 37,000 aircraft by 2025, driven by emerging market growth and new technology aircraft.
2) The global MRO market is forecast to reach $96 billion by 2025, growing at an average annual rate of 4.1% as airlines invest profits in fleet maintenance and modifications.
3) Modifications are the fastest growing MRO segment as airlines invest in premium cabins, connectivity, and other customer experience upgrades to drive revenue.
January 25-26, 2017
Cancun, Mexico
ICF delivered a presentation at the MRO Latin America Conference in Cancun, Mexico.
The presentation provides a forecast for the maintenance, repair, and overhaul (MRO) industry and highlights trends in aircraft operations.
Originally presented at Aviation Week's MRO Latin America Conference in Lima, Peru, ICF’s Jonathan Berger provides an overview of the current aviation maintenance, repair, and overhaul (MRO) market—both globally and in Latin America—the current trends and dynamics in the industry, and a forecast for the near and long term.
For more information, please visit: http://www.icfi.com/markets/aviation/maintenance-repair-and-overhaul
The document provides a summary of key air transport statistics and trends in 2013:
- Global passenger traffic grew 4.5% to over 3.1 billion passengers carried. Revenue passenger kilometers increased 0.4% to 5.8 trillion.
- Cargo traffic as measured by freight tonne-kilometers increased 5.5% to 186 billion tonne-kilometers globally.
- Asia Pacific has become the largest market for both passenger and cargo traffic, surpassing North America, with over 30% of global RPKs and 40% of freight tonne-kilometers. The Middle East market share has been growing each year.
Human Capital Opportunities and Challenges in AviationDr. Guido Gianasso
The document summarizes the proceedings of the Global Aviation Human Capital Summit 2011. It discusses the challenges and opportunities for human capital in the aviation industry. Specifically, it notes that 500 HR leaders from airlines, airports, and other aviation organizations were invited to the summit to discuss issues like attracting and retaining talent, leadership development, and managing labor costs and unions. The summit provided a forum for participants to network, share best practices, and identify ways that IATA can better support the human capital needs of the aviation industry.
IATA Global Aviation Human Capital Summit, Singapore, November 2011Dr. Guido Gianasso
The document summarizes the proceedings of the Global Aviation Human Capital Summit 2011. It discusses the challenges and opportunities for human capital in the aviation industry, including how to cut costs while improving customer experience, attract talent when employee branding has weakened, develop future leaders, and retain employees. It also provides an economic outlook for the global airline industry, noting pressures from high fuel costs and slowing economic growth. Finally, it acknowledges a survey conducted to better understand the views of attendees on human capital issues in aviation.
Latin American MRO Market Update & Industry Trends ICF
At the 2016 ALTA CCMA & Aircraft MRO Conference on May 15-18 in Puerto Rico, ICF's Jonathan Berger presented "MRO Market Update & Industry Trends." Download his presentation to learn how forward-looking airline and MRO leadership is gaining a competitive edge in Latin America.
For more info: http://bit.ly/1UaAtgf
Where Is the Travel Recovery Headed – Global Tourism Outlook UpdateOxford Economics
The post-pandemic travel recovery is well underway in 2022 despite disruption related to the war in Ukraine as well as continued travel restrictions in some countries and most notably in China which is still pursuing a zero-covid policy. We will describe our latest forecast update, including the effect of recent events and will explore the potential impacts of related price increases on travel recovery, including the impact on average tourism spending patterns.
Andrew Mold
POLICY SEMINAR
Virtual Event - The African Continental Free Trade Area: How will economic distribution change?
DEC 15, 2020 - 09:30 AM TO 10:45 AM EST
Airbus presentation global market forecast_2015-2034Samir EL HAIDOURI
- The presentation forecasts strong and resilient growth in global passenger traffic over the next 20 years, with demand for approximately 32,600 new passenger and cargo aircraft by 2034.
- Emerging markets such as Asia-Pacific, Middle East, and Africa will experience the fastest air traffic growth, driven by a growing middle class in these regions.
- Lower oil prices in the short term are beneficial for airline profitability but long term trends are uncertain; lower prices will boost global GDP growth over the medium term.
The document provides an economic outlook and projections for Mongolia in 2016-2017. It discusses factors such as fiscal policy, external environment, monetary policy, banking sector, commodity prices, current account balance, and foreign direct investment. Equations are presented for predicting exports, imports, the current account balance, and foreign direct investment under pessimistic, realistic, and optimistic scenarios. Projections show FDI ranging from -190.7 million USD in a pessimistic case to 850.5 million USD under an optimistic outlook by the end of 2016.
This document provides an analytical note on Kenya Airways Ltd. It begins with an investment summary that recommends a "SPECULATE" rating for the stock based on price volatility and liquidity. Various financial analyses are then summarized, showing declining returns and signs the company may be facing bankruptcy. Key risks like competition, fuel costs, and weak codeshare partnerships are also discussed. Strategies are proposed for Kenya Airways to reduce costs, improve revenue management, and leverage its brand as the "Pride of Africa".
Soaring opportunities in aviation sector 14-07-2017 - Arvind Singh
The document discusses opportunities in Gujarat's aviation sector. It summarizes the strong growth of India's aviation industry over the past decade and notes that Gujarat's aviation sector has grown faster than the national average. Several memorandums of understanding have been signed to develop regional air connectivity, aviation training, seaplane and helicopter operations in Gujarat, with expected investments totaling over Rs. 1,340 crore and creating over 2,050 jobs. The document outlines sector-specific opportunities in Gujarat such as airport development, aviation parks, and maintenance, repair and overhaul facilities.
This document is a chart book from the Treasury and Research Division of the National Bank of Egypt covering various economic indicators for Egypt from September 2016. It includes charts and data on the government budget deficit, interest rates, population demographics, GDP by economic activity, inflation rate, foreign trade balance, exports and imports by commodity and country. The charts show trends over time for these different economic metrics.
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2. - 1 -
Table of Contents
1
2
Outlook of Global Airline Industry
Profitability across regions
4
Trends
6
3 Drivers of Airline Industry
5
Impact of Oil Price movement
3. - 2 -
1.Global Outlook of the Airline Industry
Source : IATA
1. Favorable Economic
Environment
Uneven Economic growth but its rising Exchange Rate against USD
2. Travel Business remains
Strong and Cargo Remains
Weak
Airline Revenue from Passenger and Cargo (in
Billions)
Strong demand to travel due to fall in prices
3. Airline % Operating
margins have become
normal after a long time
Paying investor a ‘Normal’ return for the first time
-5.0%
0.0%
5.0%
10.0%
15.0%
2000 2002 2004 2006 2008 2010 2012 2014 2016
Emerging
economies
Developed
economies
$230
$300
$370
$430
$700
$35 $42 $46 $48 $52
$0
$200
$400
$600
$800
1995 2000 2005 2010 2015
Revenue from
Tickets and
Ancillaries
Revenues from
Cargo
1700 1700 1800
2200
2400 2500
3000
3200
3500
$680 $640 $600 $575 $580 $500 $510 $480 $380
0
1000
2000
3000
4000
2000 2002 2004 2006 2008 2010 2012 2014 2016
Passenger
Departure
(in Mn)
Average
return fair
(in USD)
5%
8% 8% 8%
15%
18%
22%
27%
0%
5%
10%
15%
20%
25%
30%
Operating revenues for Q3 2015(in %)
0%
2%
4%
6%
8%
10%
2000 2002 2004 2006 2008 2010 2012 2014 2016
Cost of
Capital(WA
CC)
Return on
Capital
(ROIC)
4. - 3 -
Outlook of the Global Airline Industry
Source : IATA
4. Average Net profit per
Passenger in various
regions
5. Fuel prices have come
down to a large extent
6. Decrease in cost of
travel
5. - 4 -
North America
Source : IATA
Overall Profitability across region in 2015 was close to $30 Billion ,out of which North America contributed more than half
of its profitability and rest being contributed by Europe and Asia-pacific
$19.40
$19.20
2015 2016
3.7%
4.8%
2015 2016
Profitability (in Billions)1
Growth (in %)2
2. Overall Market Profitability Across regions
Asia-Pacific
$5.8
$6.6
2015 2016
Profitability (in Billions)
1
Growth (in %)2
Europe
Latin America
($300)
$400
2015 2016
5.6%
7.5%
2015 2016
Profitability (in Millions)1
Growth (in %)2
6.0% 8.4%
2015 2016
Africa
($300)
($100)
2015 2016
Profitability (in Millions)
1
Growth (in %)2
0.4%
1.6%
2015 2016
6. - 5 -
3. Drivers
Source : IATA,Economist
The strengthening industry performance is being driven by a combination of factors
$80
$40
$0
$20
$40
$60
$80
$100
2010 2016
Lower Oil Prices (in USD/Per barrel Brent)
4.2%
2.5% 2.7%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
2010 2015 2016
Global GDP increase (in%)
0.79
3.80
0.00
1.00
2.00
3.00
4.00
2010 2016
Strong Demand for Passenger travel (in Billion)
Lower oil prices giving airlines profits a boost in various regions
across the globe
Stronger economic performance in some of the key economies like
India , China and other led to increase in demand of airline travel
Passenger Demand across region will increase with a minimal % -
as per IATA 3.8 billion people are expected to travel in 2016
758
710
717
680
700
720
740
760
780
2014 2015 2016E
Passenger Revenues USD (in Billions)
7. - 6 -
3. Drivers
Source : IATA
4.6%
5.1%
4.2%
4.4%
4.6%
4.8%
5.0%
5.2%
2015 2016
Increase in Net profit Margin(in %)
an average net profit margin of 5.1% being generated with total net
profits of $36.3 billion.
Unit Cost and price of air transport
Trend in the cost of travel is downwards
Developing economies shows faster growth
Developing economies shows better growth trajectory in
comparison to Developed countries
8. - 7 -
4. Key Trends
Source : Livemint
Jet -Etihad which has a 24% stake in Jet Airways and together they
are growing by 86%,which is beneficial for both of the carriers
416816
534104
Q3FY2015 Q3FY2016
Growing Strategic Alliance
Growth
28%
South East Asia Low cost carrier has passed the 600 aircraft
mark , resulting in 13% growth
91
64
27
41
103
80
31
48
110
80
48 47
0
20
40
60
80
100
120
Lion Air Air Asia Wings Air Cebu
Expansion of Low Cost Airlines (2013-16)