Airline Market Share

Airline Market Share, Market Size and Industry Growth Drivers, 2014 - 2020

About the Airline Industry

The global Airline industry brings the world closer together. Since the first flights over 100 years ago, the airline industry has enabled people and cargo to reach nearly any place in the world in hours, rather than days, weeks, or months. The airline industry consists of the passenger segment and cargo/freight segment. Airlines, and many of the supporting industries such as airports, aviation maintenance, and food services, are highly capital intensive and must navigate a myriad of local regulations and international agreements. For this reason, the aviation industry is extraordinarily fragmented, with many domestic airlines and foreign airlines serving different markets. To extend their passenger networks and routes, airlines enter into network alliances with their peers and competitors. These alliances are Star Alliance, SkyTeam, and Oneworld. In addition to the well known global airlines, there are many regional carriers - often low-cost carriers that provide passengers with a no-frills experience. You can find Airline Market Size, Airline Market Share, and other trends and statistics below. You can get help with additional Airline industry market research here.

Airline Market Size, 2014 - 2020, Revenue

Airline Market Size

The chart shows the Airline Market Size from 2014 to 2020. In 2019, the size of the Airline Industry was $828B and is projected to decline by 44% in 2020 due to COVID-19. From 2014 to 2019, the Airline Industry growth was 0.5% per year on average(CAGR), and this slow growth trend was expected to continue before the Coronavirus (COVID-19) pandemic. The short term impact of COVID-19 on the Airline market growth will likely be Severe because shelter-in-place and quarantine restrictions have already reduced passenger air travel by over 95%, although cargo air travel continues. The long term impact of COVID-19 on the Airline market growth beyond the COVID-19 pandemic will likely be High because businesses travel budgets tighten in recessions and travelers will be wary of resuming travel. Request help with obtaining the source for this data and additional Airline industry market research here.

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Airline Market Share, Revenue ($), 2019
Airline Market Share

The chart shows Airline Market Share in 2019. The Airline Market consists of many large airlines and many more small, regional airlines. The leading publicly traded carrier in the airline industry was Delta Airlines with 5.4% market share in 2019, followed by, American Airlines with 5.4% global airline market share, Lufthansa with 5.1% airline market share United Airlines with 5.1% airline market share, Air France-KLM with 3.8% market share, IAG with 3.5% market share, Southwest Airlines with 2.7% share, China Southern Airlines with 2.6% share, All Nippon Airways (ANA) with 2.2% share, China Eastern Airlines with 2.1% share, and hundreds of other airlines with 62.2% airline market share. Many of these "other" airlines have higher domestic market share. The COVID-19 pandemic will likely significantly disrupt airline market share as airlines downsize during the pandemic. Get help with market research for the Airline market, including the source for this Airline Market Share chart and other data here.

Airline Industry Growth Drivers

The COVID-19 pandemic may cut airline revenues nearly in half in 2020, drastically impacting global airline market share. Until the end of 2019, the airline industry was enjoying gradual but steady growth. The global economy was growing, passenger demand and capacity were increasing 6-8% per year, and declining oil prices meant lower fares. The growth was disproportionately in China and the rest of Asia. The Asia Pacific region has seen enormous growth and the rise of many low-cost airlines that allow passengers to hop between countries and cities cheaply. The coronavirus / COVID-19 outbreak caused countries to announce travel bans and quarantine requirements, which reduced airline travel to a trickle and has threatened the health of the entire aviation industry. As of March 2020, the International Air Transport Association (IATA) predicted that airline revenues would decline by 44% in 2020 from their 2019 levels. Airlines have already begun to cut domestic and foreign air travel services and many have asked governments for financial aid. Aviation market share may change significantly over the next several years as airlines go bankrupt or decline in value. To gain market share and grow revenues, we can expect a new wave of mergers and acquisitions where revenue and airline market share growth will be inorganic.

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Airline Industry Competitor and Products

The global airline market is a Mature industry composed of many large and regional airline carriers. No airline has more than 6% of airline market share. Delta Airlines market share was 5.4% of the Airline market in 2019 and Delta leads the airline industry in revenue. Delta Air Lines, or Delta, is a US-based global airline company that is tied neck and neck with American Airlines for the largest US airline market share. Delta is part of the SkyTeam and SkyTeam Cargo airline alliances. SkyTeam's aviation market share by passenger volume was 19% in 2018. American Airlines market share was 5.4% of the airline market in 2019. American Airlines is a US-based global airline. American is part of the Oneworld airline alliance. American, combined with Oneworld, has a domestic and international network that reaches more than 350 destinations. Oneworld had a 15% aviation market share of global passenger traffic in 2018. Lufthansa market share was 5.1% of the Airline market in 2019. Deutsche Lufthansa is a German-based global airline. Lufthansa is part of the Star Alliance network, the largest airline network in the world. The combined Star Alliance network had a 22% global aviation market share by passenger volume in 2018. Star Alliance reaches over 1,300 airports worldwide. United Airlines market share was 5.1% of the Airline market in 2019. United Airlines, or United, is a US-based global airline. Like Lufthansa, it is part of the Star Alliance network. The top 10 public commercial aviation companies hold a 38% airline market share by revenue, and even less by passenger volume. 62% of airline market share is owned by the hundreds of smaller airline companies that serve global and domestic networks.

What Additional Airline Industry Data Does T4 Have?

T4's research team can help you learn more about the Airline industry with market analysis, competitive analysis, commercial Due Diligence, and other market research needs. This includes more in-depth on study, including the COVID-19 impact to aviation market share and financials, on players in the global airline industry: Star Alliance airlines (Aegean, Air Canada, Air China, Air India, Air New Zealand, ANA, Asiana Airlines, Austrian Airlines, Avianca, Brussels Airlines, Copa Airlines, Croatia Airlines, Egypt Air, Ethiopian, EVA Air, LOT, Lufthansa, SAS, Shenzhen AIrlines, Singapore Airlines, South African Airways, Swiss Airlines, TAP Air Portugal, Thai Airways International, Turkish Airlines, United), Oneworld alliance airlines (American Airlines, British Airways, Cathay Pacific, Finnair, Iberia, Japan Airlines, LATAM, Malaysia Airlines, Qantas, Qatar Airways, Royal Air Maroc, Royal Jordanian, Sri Lankan Airlines, Fiji Airways, S7 Airlines), SkyTeam airlines (Aeroflot, Aerolineas Argentinas, AeroMexico, Air Europa, AirFrance, KLM, Alitalia, China Airlines, China Eastern, Czech Airlines, Delta, Garuda Indonesia, Kenya Airways, Korean Air, MEA, Saudia, Tarom, Vietnam Airlines, Xiamen Air), many other global and regional airlines like RyanAir, Southwest Airlines, and Silk Air; as well as industries that support the aviation category. T4 can assist you with research into related topics such as Aerospace & Defense, Air Cargo Services, Aircraft Manufacturing, Aircraft Parts & Equipment, Hospitality & Tourism, Airports, Automotive, Transportation, Shipping, and Logistics. T4 can also provide additional support in the Industrials Sector or other Sectors. Find more information about T4's services here.

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