Industry Analysis & Industry Trends
The International Airlines industry's flight to success has hit slight turbulence over the five years through 2012-13. The economic downturn of 2008-09 wiped away much of the growth achieved by the industry in the previous two years. Industry revenue fell 3.3% in 2008-09. Since then, revenue has been on the ascent. The main reason for the upward trend has been solid growth in passenger numbers, partly due to favourable economic conditions in Australia and developing Asian countries, and record low prices from the growth of low-cost carriers. Industry revenue is expected to record a compound annual growth rate of 3.1% over the five years through 2012-13, reaching $15.9 billion... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The emergence of low-cost carriers as well as the consistent growth in demand for industry services has been insufficient in rebooting the industry into a new growth phase. IBISWorld expects that the industry, despite its momentum is in the mature phase of its life cycle.
This mature phase has been characterised by profit margins dropping as new entrants compete for customers. The International Airline industry's contribution to the overall economy measured by the industry value added is expected to remain constant over the 10 years through 2017-18. This is an evident indicator of a mature life cycle as GDP growth strongly outperforms the industry, growing at a compound annual growth rate of 2.4% over the same period... purchase to read more