Holiday booking intentions reached their highest levels since the pandemic hit in July 2021, offering potential to secure more last-minute bookings for summer and winter (sun) holiday destinations. This is a solvency ratio, which indicates a firm's ability to pay its long-term debts. All Rights Reserved. (z[ This report also covers the current market segmentation for international travel, between air, sea and tunnel options, as well as travel purposes such as holidays and business trips. Ck}*^WV;Wo,erCyqq8To\h eF". .vvnSJ*B(_y^Rpq:FCgcTesu87{"^G8\O4K__aL.N6 'z6o The UK airlines industry had total revenues of $11.0bn in 2020, representing a compound annual rate of change (CARC) of -30.8% between 2016 and 2020. Airlines UK presently has 13 members from UK airline industry representing all sectors which include British Airways, DHL, Flybe, West Atlantic UK, TUI Airways, Ryanair, Titan Airways, Thomas Cook, Norwegian UK, Virgin Atlantic Airways, easyjet, Jet2.com and CargoLogicAir. 0000046807 00000 n This percentage represents all current loans and notes payable to Canadian chartered banks and foreign bank subsidiaries, with the exception of loans from a foreign bank, loans secured by real estate mortgages, bankers acceptances, bank mortgages and the current portion of long-term bank loans. Global Freight Sector segment is estimated at US$113.6 Billion in 2020, and is projected to reach. 0000046183 00000 n This is an enterprise license, allowing all employees within your organization access to the product. Singapore: +65 6653 3600 0000134957 00000 n How has the market performed over the last five years? The most important key figures provide you with a compact summary of the topic of "Air transportation in the UK" and take you straight to the corresponding statistics. GCSE Revision Guide 8.49. The air transport industry, including airlines and its supply chain, are estimated to support US $86 billion of GDP in the United Kingdom. Meanwhile, the potential emergence of vaccine-resistant COVID-19 variants continues to pose a threat tooverseas holidaysand the UK aviation market size, with the majority of passengers worrying that some destinations may reintroduce restrictions over the coming winter period. 0000068793 00000 n Research expert covering mobility and logistics. *Net Working Capital = Current Assets - Current Liabilities, (Net Profit + Interest & Bank Charges) / Interest & Bank Charges), This ratio calculates the average number of times that interest owing is earned and, therefore, indicates the debt risk of a business. This product is a market research report. A-Level revision guide 8.95. In-depth industry statistics and market share insights of the Europe Aviation Market sector for 2020, 2021, and 2022. A comparison of this ratio may indicate the extent of a companys control over credit and collections. Valuation of net fixed assets is the recorded net value of accumulated depreciation, amortization and depletion. There is a growing demand for accommodation which can combine some of the advantages of holiday rental property (freedom, independence, a home environment or an authentic local feel) with some of the advantages of staying in a hotel (convenience, indulgence, time saving). John Worthington, Senior AnalystThis Report covers the following "Seven in ten (72%) of US consumers went on an overnight vacation in the last year. <>/Metadata 2042 0 R/ViewerPreferences 2043 0 R/PageLabels 2044 0 R>> Germany, London: +44 (0)207 606 6000 This report covers the UK aviation market size, market forecast, market segmentation and UK airline market trends. Consumers perceptions of seven key players in the UK aviation market. Detailed research and segmentation for the main products and markets. COVID-19 presented biggest the challenge in history for the aviation industry, Figure 1: Short-, medium- and long-term impact of COVID-19 on the UK airlines market, 2020-25, International and domestic passenger volumes will remain well below pre-COVID-19 levels in 2021, Figure 2: COVID-19 scenario forecasts for the volume of International passenger numbers uplifted at UK airports, 2016-2026, Figure 3: COVID-19 scenario forecasts for the volume of domestic passenger numbers uplifted at UK airports, 2016-2026, Consumers confidence in their financial situation remains high, Oil price bounced back to pre-COVID-19 levels, Consultation to review Air Passenger Duty started, Efforts increase to decarbonise the aviation industry, The competition will be fierce when demand starts to recover, Key focus on offering the best value for money, In July 2021 holiday booking intentions reached highest level since pandemic hit, Figure 4: Actual bookings and plans to book a holiday in the next three months, 2019-21, Participation in holiday flights and VFR set to recover quickest, Figure 5: Participation and future intention to take flights, by purpose, 2021, Long-haul destinations continue to be on Brits wish list, Figure 6: Destinations visited by plane vs intention to visit, 2021, Demand for air travel mostly impacted by COVID-19 uncertainty, Figure 7: Reasons for taking fewer flights in the next three years compared to prior to COVID-19, 2021, Nearly 7 in 10 think their business travel behaviour will bounce back to pre-pandemic levels, Purchase decisions for plane tickets remain highly price-driven, Environment plays a more important role when choosing domestic flights, Figure 8: Factors influencing choice of airline, by plans to visit destinations by plane in the next three years, 2021, COVID-19 measures to enhance feelings of safety remain important, Figure 9: Attitudes towards the impact of COVID-19 on flying, 2021, Highest interest in flexible cancellation options and spaced out seating on board, Figure 10: Willingness to pay for amenities and services, 2021, Increased focus on lowering costs while improving the customer experience, Showcasing sustainable practices and offering consumers more control will become increasingly important, Consultation to review Air Passenger Duty, Figure 11: Short-, medium- and long-term impact of COVID-19 on the UK airlines market, 2020-25, Prior to COVID-19, growth came predominantly from international traffic, Figure 12: Passenger numbers uplifted at UK airports, 2016-21, International traffic volume down by 76% in 2020, domestic traffic by 73%, Leisure and VFR travel expected to lead the recovery, Figure 13: International passenger numbers uplifted at UK airports, 2016-26, Domestic passenger volume will recover at a faster pace, Figure 14: Domestic passenger numbers uplifted from UK airports, 2016-26, Figure 15: Key drivers affecting Mintels market forecast, 2015-25, Mintels approach to predicting the impact of COVID-19, Fundamental differences in how COVID-19 is affecting consumer markets, Extended COVID disruption will be disastrous for international travel, International traffic volume could recover in 2024 in the rapid COVID-19 scenario, Figure 16: COVID-19 scenario forecasts for the volume of International passenger numbers uplifted at UK airports, 2016-2026, Domestic traffic could recover in 2023 in the rapid COVID scenario, Figure 17: COVID-19 scenario forecasts for the volume of domestic passenger numbers uplifted at UK airports, 2016-2026, COVID-19 market disruption: risks and outcomes, Figure 18: Summary of Mintel scenario expectations and the impact on the UK airlines market, 2021, Overseas flights outperformed the overall outbound market in 2019, Figure 19: Overseas trips taken by UK residents, by mode of transport, 2015-19*, Prior to COVID-19, growth was mainly driven by increased demand for holidays and VFR, Figure 20: Overseas trips taken by air by UK residents, by purpose, 2015-19*, Greece entered the top-5 most visited overseas destinations by air by UK residents, Figure 21: Top 20 overseas destinations by volume of trips taken by air by UK residents, 2015-19*, England presses ahead with final stage on roadmap , but international travel restrictions remain, Consumer confidence in their financial situation remains high , Figure 22: The Financial Confidence Index, 2015- 2021, Figure 23: Europe Brent Spot price, yearly averages 2010-22, UK moved from laws to guidance on 19 July 2021, Fully vaccinated travelling from amber countries exempt from self-isolation measures, Figure 24: Traffic light system for international travel, 2021, More destinations added to the green list in August traffic light list review, As of 19 July, England lifted the legal requirement to wear face masks, Figure 25: Attitudes towards wearing face masks, 2021, Consultation on suggested changes to ATOL scheme, Aviation industry has increased its focus on becoming greener, High competition will continue to put pressure on fares, Figure 26: Top 10 UK-based* airlines, by passenger numbers uplifted globally, 2015-20, Innovations to increase revenue in response to lower demand, Lufthansa introduces Sleepers Row to economy class passengers on select long-haul flights, More unlimited flight passes were introduced, Innovations focused on enhancing passenger wellbeing, British Airways launches power nap EnergyPods, American Airlines offers in-flight classes for personal enrichment, Technological innovations to improve the customer experience, British Airways launches in-seat digital ordering platform for food and drink, Korean Air introduces baggage loading notification system, United Airlines orders supersonic aircraft that can cut travel times in half, Increased efforts to reduce and offset carbon emissions, Heathrow calls upon UK government to achieve rapid scale up of production of SAF, New investments to accelerate the development of electric aircraft, Ryanair offers passengers the option to fully offset the emissions from their flight, Above-the-line spend by airlines declined by 70% in 2020, Figure 27: Total above-the-line, online display and direct mail advertising expenditure on ads by airlines, 2017-20, British Airways employees star in new TV add to show passion for taking care of its customers, Figure 28: Top 10 above-the line, online display and direct mail advertising expenditure on ads by airlines, 2020, Figure 29: Attitudes towards and usage of selected brands, 2021, Figure 30: Key metrics for selected brands, 2021, Brand attitudes: easyJet most closely associated with offering good value, Brand personality: Virgin Atlantic and British Airways seen as most ethical, but least accessible, Figure 32: Brand personality macro image, 2021, A fifth of Brits who have heard of Ryanair associate the brand with being unreliable, Figure 33: Brand personality micro image, 2021, Virgin Atlantic front runner in excellent experience and recommendation levels, Figure 34: User profile of Virgin Atlantic, 2021, British Airways seen as reliable, efficient and welcoming, Figure 35: User profile of British Airways, 2021, Jet2.com maintained its scores on trust and good reputation during the pandemic, Figure 36: User profile of Jet2.com, 2021, Nearly half associate easyJet with offering good value, Wizz Air challenged to raise its brand image, Figure 38: User profile of Wizz Air, 2021, Ryanair invests in improving low customer satisfaction, Exposure concerns increased slightly in July amid rising cases, Figure 40: Mintel COVID-19 exposure anxiety and lifestyle impact index, 2020-2021, Increased travel freedom for fully vaccinated travellers provided small boost to international leisure travel, Majority of overseas holiday bookings were still in the pipeline in mid-July, Figure 41: Main holidaying intentions by destination, 2021, Figure 42: Actual bookings and plans to book a holiday in the next three months, 2019-21, Figure 43: Participation and future intention to take flights, by purpose, 2021, Figure 44: Destinations visited by plane vs intention to visit, 2021, Families show high interest in domestic flights, Figure 45: Demographic profile by intention to visit destinations by air, 2021, Recovery in air travel will be led by younger audiences, Figure 46: Changes in the number of flights expected compared to prior to COVID-19, 2021, Few passengers intend to fly less because of the environment , but consumer consciousness of sustainability has increased, Figure 47: Reasons for taking fewer flights in the next three years compared to prior to COVID-19, 2021, Figure 48: Frequency of business flights once the COVID-19 outbreak is over, 2021, Package holidays are an effective path for airlines to increase revenues, Figure 49: Factors influencing choice of airline, by plans to visit destinations by plane in the next three years, 2021, Business travellers are the least price-sensitive segment, Figure 50: Factors influencing choice of airline, by purpose of flights in the next three years, 2021, Figure 51: Attitudes towards the impact of COVID-19 on flying, 2021, A well-known brand is more important amid COVID-19 uncertainty, Potential long border queues put two thirds of passengers off flying, Older generation continues to value human interaction , while business travellers are more interested in minimal interaction, Ultra-long-haul flights appeal to majority of long-haul travellers, Figure 52: Interest in ultra-long-haul flights, by demographics, 2021, The majority of the younger generation always tend to select the cheapest tickets, Figure 53: Attitudes towards selecting the cheapest available tickets, 2021, Figure 54: Consumer needs for extra support for health/disability needs, 2021, Figure 55: Willingness to pay for amenities and services, 2021, Volume forecast and prediction intervals for total traffic, Figure 56: Total passenger numbers uplifted at UK airports (prepared on 20 August 2021), 2020-26, Volume forecast and prediction intervals for international traffic, Figure 57: International passenger numbers uplifted at UK airports (prepared on 20 August 2021), 2020-26, Volume forecast and prediction intervals for domestic traffic, Figure 58: Domestic passenger numbers uplifted at UK airports (prepared on 20 August 2021), 2020-26, Figure 59: Key drivers affecting Mintels market forecast, 2020-25, Volume scenario performance for total traffic, Figure 60: COVID-19 scenario forecasts for the volume of passenger numbers uplifted at UK airports, 2021-2026, Volume scenario performance for international traffic, Figure 61: COVID-19 scenario forecasts for the volume of international passenger numbers uplifted at UK airports, 2021-2026, Volume scenario performance for domestic traffic, Figure 62: COVID-19 scenario forecasts for the volume of domestic passenger numbers uplifted at UK airports, 2016-2026, Rapid COVID recovery, central and extended COVID disruption scenarios outline. This percentage represents tangible or intangible property held by businesses for use in the production or supply of goods and services or for rental to others in the regular operations of the business. 79 39 Shanghai: +86 (21) 6032 7300 The airline stated that by the end of 2023 it is expected to have an all-Boeing mainline fleet. With this IBISWorld Industry Research Report on , you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions. And of course, much more. Purchase drivers when choosing an airline. While a stronger ratio shows that the numbers for current assets exceed those for current liabilities, the composition and quality of current assets are critical factors in the analysis of an individual firms liquidity. The Airlines in United Kingdom report includes: Analysis of key supply-side and demand trends Detailed segmentation of international and local products Historic volume and value sizes, company and brand market shares Five year forecasts of market trends and market growth Robust and transparent research methodology, conducted in-country Well send you a link to a feedback form. (Other Current Liabilities * 100) / Total Assets, (Long-Term Liabilities * 100) / Total Assets. Please do not hesitate to contact me. Airline Leader 2020 outlook characterised by uncertainty Caution over capacity and consolidation look set to remain key themes for Europe 's airline industry in 2020. %%EOF This percentage represents obligations that are not reasonably expected to be liquidated within the normal operating cycle of the business but, instead, are payable at some date beyond that time. At the same time, introductory and top-level content is provided to give you an overview of the issues covered. =IFon0HzShTZYGrk;^Vpox;}L^p/.B`TpaPS.7qe4I% W[i~4&L:+ h&x_PD1i2hGX|EWM6Gh(Zclw5n&u6(w#+Nv0]>jv0oO/wnAEbDaQ/@Ip*j5k~Q4!5Yte6aW6{mje^}41/h^KRBa 0000021789 00000 n Innovations around sustainable travel will be essential to enable the future growth of the UK aviation market. Vital industry facts, trends and insights in a new, shorter format. 79 0 obj <> endobj This is a solvency ratio indicating a firm's ability to pay its long-term debts, the amount of debt outstanding in relation to the amount of capital. Each license type allows a set number of users to access the report. United Kingdom, 333 West Wacker Drive 0000066143 00000 n 0000084109 00000 n Fields marked with an asterisk (*) are required. Generally, the higher the current ratio, the greater the "cushion" between current obligations and a firms ability to pay them. 0000047891 00000 n 0000001644 00000 n endobj Most consumers have eaten at a local restaurant in the past year, which ranks as a top travel priority. This percentage represents all claims against debtors arising from the sale of goods and services and any other miscellaneous claims with respect to non-trade transaction. A-Level Model Essays 9.00. News stories, speeches, letters and notices, Reports, analysis and official statistics, Data, Freedom of Information releases and corporate reports. Are you interested in testing our business solutions? The UK airlines industry had total revenues of $11.0bn in 2020, representing a compound annual rate of change (CARC) of -30.8% between 2016 and 2020. This percentage indicates the profitability of a business, relating the business income to the amount of investment committed to earning that income. Please Note: This is a sample report. We have identified seven trends that we believe will reshape the industry over the next five years: the customer-centricity imperative, rapid growth in the adoption of data science and advanced analytics across the value chain, the rise of sustainability concerns, an increasingly complex distribution landscape, shifts in airline fleets and Read on to discover more details or take a look at all of our UK Holidays and Travel market research. 3 0 obj Agreement rises significantly among those who plan to fly less because of concerns about the environmental impact of flying. To access current UK civil aviation regulations, including AMC and GM, CAA regulatory documents, please use this link to UK Regulation. You have rejected additional cookies. This figure must match total assets to ensure a balance sheet is properly balanced. 0000101664 00000 n The higher the percentage, the better profitability is. Figure 1: Short-, medium- and long-term impact of COVID-19 on the UK airlines market, 2020-25. International and domestic passenger volumes will remain well below pre-COVID-19 levels in 2021. Mintel Group Limited Ryanair, Jet2.com, Alaska Airlines, BA CityFlyer, Aurigny Air Services, Loganair, TUI Airways . 0000031717 00000 n 4 Playhouse Yard Updates to Air passenger experience of security screening publication. 0000134526 00000 n This percentage, also known as "return on total investment," is a relative measure of profitability and represents the rate of return earned on the investment of total assets by a business. Get in touch with us. */@z 9ENl;Q.b3, In-depth industry statistics and market share insights of the Aviation Market sector for 2020, 2021, and 2022. Chicago, IL 60606 It includes obligations such as long-term bank loans and notes payable to Canadian chartered banks and foreign subsidiaries, with the exception of loans secured by real estate mortgages, loans from foreign banks and bank mortgages and other long-term liabilities. We are unable to produce the 2021, 2022 and 2023 editions of the Air passenger experience of security screening publication. IBISWorld reports on thousands of industries around the world. Dusseldorf: +49 (0) 211 3399 7411 UK aviation market Airports The CAA collects statistics from more than 60 UK airports, which can be used to assess flight activity, traffic and capacity Airlines Information on services flown, freight capacity and details of aircraft used Flight punctuality Data collected at UK airports Bespoke data analysis Examples of such liabilities include accounts payable, customer advances, etc. Digital research and online booking are becoming the norm amongst The trend in short breaks is leaning towards high-intensity breaks, built around eye-catching experiences where the experience itself is the central element. What will be the size of the United Kingdom airlines market in 2025? For those with the resources to enjoy it this is a golden time for travel. This report, written by Marloes de Vrie, a leading analyst in the travel sector, delivers in-depth commentary and analysis to highlight current trends in the UK aviation market and add expert context to the numbers. if #bRIi2\\%%~pv0*2'[? E6m~t8[4OX)[.IT0|qT0r-fF91D:S +?N/B`dO~! Copyright 2002-2023 Research and Markets. The Departing Passenger Survey was suspended from March 2020 to June 2021 because of the coronavirus (COVID-19) pandemic, so data is not available for this period. 0000021440 00000 n Measures and innovations in the airlines industry that enhance the feelings of safety, increasing consumer confidence in travelling while making the journey as efficient and enjoyable as possible will be essential to speed up the market recovery. startxref It will take only 2 minutes to fill in. 0000058321 00000 n The airlines industry comprises passenger air transportation, including scheduled flights but excluding air freight transport. The VFR and holiday segments in the airlines sector are expected to recover quickest from COVID-19, while the business travel market will take longer to recover to pre-pandemic levels and may never reach its previous heights. As per the report titled "Airline Industry Market Size, Share & COVID-19 Impact Analysis, By Commercial Airlines (Passenger Aircraft and Freight Aircraft), By Destination (Domestic and. Mintels proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues. Get in touch with us. The VFR and holiday segments are expected to recover quickest from COVID-19, while the business travel market will take longer to recover to pre-pandemic levels and may never reach its previous heights. (Other Current Assets * 100) / Total Assets. Kaistrae 5, 40221 Dsseldorf Includes the necessary information to perform SWOT, PEST and STEER analysis. endobj International Consolidated Airlines Group SA. According to the IATA, in 2019, this sector provided 1.56 million jobs, and $110 billion of gross value to the GDP, which accounts for 4.5% of UK GDP. 0000001517 00000 n 0000050141 00000 n Company activity among major airlines during the pandemic. Travel influencers revolve around exploring new places, trying something that consumers have never With consumers motivated by personal hobbies to try themed travel, customisation is part of the DNA of this product. Market reports provide appendices of data to support the research and insight produced. hb```c``# B@6ja`q|rUwFs}l[TE Oa]M} M)m"R+Ogym)_&zIeK= @ 5=- " V (P3o7Vbk$ n>F#S&or922[edfl%|/O310f13eYs?dLq"e LfR!bv*_U The product is a PDF. This ratio is also known as "inventory turnover" and is often calculated using "cost of sales" rather than "total revenue." Our reports include 10 to 20 pages of data, analysis and charts, including: Our reports include 30 to 40 pages of data, analysis and charts, including: Inform your decisions for marketing, strategy and planning. Please select an option from the list below. This text provides general information. Although the collapse in demand in the aviation sector resulted in some failures in the airlines market, there were fewer than expected. Meanwhile, there remain opportunities to sell premium experiences to affluent travellers, who are more likely to have built up lockdown savings. This product is a market research report. This ratio is relevant for all industries. This is a single user license, allowing one user access to the product. Our reports come in PDF, Powerpoint, Word and Excel Databook formats. "=1wz/Jy'_|/ VW:][&R08R6 '4:&I2yV2/zl!q x|kzJ%y#[u\ h,[TO,oEiCJ>HE?{z,F W(HpNwYFk%F~%~o2-kt! Registered on the Mintel store? Behaviour regarding the environment and flying. Travel service providers can leverage cultural discovery, local experience, food and amusement parks to attract Chinese consumers. Saskia Zhao, Research AnalystThis report will cover the following areas:What do parents with kids expect from an outbound trip?Create online popularity for The space between the kids leaving home and the onset of old age is widening. This percentage represents obligations that are expected to be paid within one year, or within the normal operating cycle, whichever is longer. Martin will help you find what you are looking for. This market report covers the market size, market forecast, market segmentation and industry trends for the Airlines market in the UK. United Kingdom, 333 West Wacker Drive 0000047282 00000 n Current liabilities are generally paid out of current assets or through creation of other current liabilities. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. 0000134249 00000 n AS-Level Revision guide 5.00. Estimated to showcase an impressive growth rate during 2021 - 2027, global maritime security market is all set to reach the revenue of around US$38 Bn toward the end of . Find your information in our database containing over 20,000 reports. Contact us on via phone or fill out a form with your enquiry. Other possibilities include using innovative technologies to speed up the overall time spent through the airport, improving airport dining experiences and enhancing tools to make it easier for travellers to find the lowest available fares. [{"name":"Business Travel","url":"https:\/\/store.mintel.com\/industries\/holidays-and-travel\/business-travel"},{"name":"Holidays and Travel","url":"https:\/\/store.mintel.com\/industries\/holidays-and-travel"},{"name":"Holidays and Vacations","url":"https:\/\/store.mintel.com\/industries\/holidays-and-travel\/holidays-and-vacations"},{"name":"Leisure Travel","url":"https:\/\/store.mintel.com\/industries\/holidays-and-travel\/leisure-travel"},{"name":"Transport","url":"https:\/\/store.mintel.com\/industries\/holidays-and-travel\/transport"}]. x]K$q0MA5|0|XX-7Y.f$#_O>}.oc/?|/>~+mo7v7cEwr~Wo_u/4'J[d3u*fop;p7%sta0O~POb/[#g^?Id'__`_i?MX1|\XxJwgx(9e&uw^}`g}c*~bd_/~ =7r$SLXQzTVG_5cvH6s=D_}%|Q7Ew{?wsz/kr_)lV13yJEM?)MvigZi\-oXysR= Find your information in our database containing over 20,000 reports. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. )uUr$d=wpTU.NL0 ye/`h 2Js0Yk trailer 67% of UK flyers agree that low prices influence their choice of airline. Dusseldorf: +49 (0) 211 3399 7411 (Accounts Receivable * 100) / Total Assets. Our reports come in PDF, Powerpoint, Word and Excel Databook formats. Sign in to view your account and previous purchases. 53% of passengers would be open to flying more if environmentally friendly planes, such as electric aircraft, were available. { z, F W ( HpNwYFk % F~ % ~o2-kt W ( HpNwYFk % F~ ~o2-kt... 0000084109 00000 n the higher the percentage, the higher the percentage, the better profitability is failures. Built up lockdown savings up-to-date on industry trends across all industries cycle, whichever is longer behavioral data to! More likely to have built up lockdown savings the same time, introductory and content! 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