The revenue generated by UK airlines is estimated to have reached £15bn in 2005, a 1.9% increase on 2004.
April 14, 2007 (Press Release) --
Airlines Market Report 2006
Executive Summary
The revenue generated by UK airlines is estimated to have reached £15bn in 2005, a 1.9% increase on 2004. The number of passengers carried by UK airlines increased by 8% to 124.3 million and the number of seat kilometres used was up by 8.8% to 290.48 billion.
Air passenger transport is undertaken on both scheduled and non-scheduled services. Scheduled services comprise the largest and fastest-growing sector, mainly due to the popularity of low-cost flights. The number of passengers travelling on non-scheduled services fell in 2005, due in part to the continuing trend for consumers to make their own travel arrangements rather than travel on package or inclusive tours.
BAA PLC, the world's largest operator of airports, is very much in the news at present. The company is currently the subject of a takeover bid, and BAA's dominance of Britain's airport market is being investigated by the Office of Fair Trading (OFT), which is interested in whether the joint ownership of the London and Scottish airports is in consumers' interests. Many airlines, including Ryanair Holdings PLC (Europe's largest low-cost airline) and Virgin Atlantic Airways Ltd, have argued that BAA has monopoly control over London airports and should be broken up.
The scheduled air services sector continues to be boosted by the ongoing expansion of the budget airline sector. These operators continue to increase the number of flights they offer, airports they fly from, and destinations they serve. With the expansion of the EU in 2005, low-cost services to and from these new destinations are proving to be particularly popular.
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Airlines Market Report 2006
Executive Summary
The revenue generated by UK airlines is estimated to have reached £15bn in 2005, a 1.9% increase on 2004. The number of passengers carried by UK airlines increased by 8% to 124.3 million and the number of seat kilometres used was up by 8.8% to 290.48 billion.
Air passenger transport is undertaken on both scheduled and non-scheduled services. Scheduled services comprise the largest and fastest-growing sector, mainly due to the popularity of low-cost flights. The number of passengers travelling on non-scheduled services fell in 2005, due in part to the continuing trend for consumers to make their own travel arrangements rather than travel on package or inclusive tours.
BAA PLC, the world's largest operator of airports, is very much in the news at present. The company is currently the subject of a takeover bid, and BAA's dominance of Britain's airport market is being investigated by the Office of Fair Trading (OFT), which is interested in whether the joint ownership of the London and Scottish airports is in consumers' interests. Many airlines, including Ryanair Holdings PLC (Europe's largest low-cost airline) and Virgin Atlantic Airways Ltd, have argued that BAA has monopoly control over London airports and should be broken up.
The scheduled air services sector continues to be boosted by the ongoing expansion of the budget airline sector. These operators continue to increase the number of flights they offer, airports they fly from, and destinations they serve. With the expansion of the EU in 2005, low-cost services to and from these new destinations are proving to be particularly popular.
For more information, Please visit : http://www.bharatbook.com/detail.asp?id=9938
or email us at : info@bharatbook.com
You can also call us at +91-(022)-2757 8668 or +91-(022)-2757 9131
For searching our huge collection of reports, Please visit :
http://www.bharatbook.com/general/customresearch.asp
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