U.S. Airlines

September 30, 2011 — The Editors

miles and operating revenue

The graphic to the right presents both passenger miles of travel provided by U.S. airlines between 1990 and 2008 and operating revenues in those years. The picture this graph presents is a pleasant one with both measures rising pretty steadily over the period shown, with the notable exception of 2001 and the 2002, the years for which the terroroist attacks of 2001 had the greatest impact on air travel. However, the airline business is a complicated business. As it turns out, over this same 19 year period, the industry as a whole suffered cumulative losses of $45.3 billion.

Today’s market size is the operating revenue earned by Airlines in 2008, a year in which the industry had losses of $23 billion. Running an airline is a complicated business to be sure.

Geographic reference: United States
Year: 2008
Market size: $186.12 billion
Source: “Table 1073. U.S. Scheduled Ariline Industry — Summary: 1995 to 2009,” page 677, Statistical Abstract of the United States 2012, and earlier editions. A PDF of page 677 of the work is available here. “Table 1-37: U.S. Passenger-Miles (Millions),” from the national transportation statistics available here.
Original source: U.S. Department of Transportation and U.S. Census Bureau
Posted on September 30, 2011

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Airline Industry Worldwide

June 21, 2011 — The Editors

At the Show in 2009

Today’s market size is the estimated net profits of the worldwide airline industry. The Paris Air Show is being celebrated this week and the press coverage of this important aerospace industry show is providing many interesting glimpses of the industry. The most recent recession combined with high energy costs hit the airline industry hard, causing two years of losses. Financial returns in 2010 represent a return to profitability for the industry as a whole. The mood is good at this year’s Paris Air Show as aircraft manufacturers are hopeful that orders will be healthy this year.

Geographic reference: World
Year: 2010
Market size: $18 billion (Global airline industry net profits)
Source: Nicole Clark, “At the Paris Air Show, Anticipating a Surge in Sales,” The New York Times, page B1, June 18, 2011. The image used above is from the Paris Air Show web site, here.

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Market for New Business Jet Aircraft

May 20, 2010 — The Editors

This market size is based on projections of new aircraft construction contracts in the decade 2009—2019. Leading players in the market are Gulfstream, Bombardier, Cessna, and Dassault. Together these companies control 84% of the market.

Geographic reference: World
Year: 2009—2019
Market size: 12,768 aircraft valued at $195.9 Billion
Source: “Teal Group Bizav Overview,” July 2009, p. NA [Online]
here.
Original Source: Teal Group

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Unmanned Aerial Vehicle Market

May 10, 2010 — The Editors

Military actions in Iraq and Afghanistan have highlighted the ability of the unmanned aerial vehicle to perform a wide range of missions from reconnaissance to dropping bombs on enemy combatants. UAVs are now in service in more than 50 countries. During 2007, these aircraft logged more than 500,000 flight hours. In terms of UAV procurement, the largest share of the market goes to the U.S. military and defense agencies (64%). The Asia-Pacific region accounts for 20% and European and NATO requirements account for the remaining 16%.
Geographic reference: World
Year: 2007-2008
Market size: 6,314 aircraft produced
Source: Chris Red, “The Outlook for Unmanned Aircraft,” Composites Technology, April 20, 2009, p. NA [Online] here.

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