Aviation

Air cargo was a source of oxygen for airlines in the context of the crisis caused by the coronavirus pandemic. Despite facing challenges associated with the ongoing global impact of the pandemic and disrupted trade flows due to the Russia-Ukraine war, air cargo continues to serve as a promising sector for airlines. However, freight volumes were anticipated to decline by eight percent in 2022 due to global headwinds.

In the past decade, there has been a notable rise in the market share of low-cost carriers within the global air industry. In South East Asia, LCCs have gained significant prominence, accounting for more than 50 percent of the market in 2022. Major players, such as Ryanair and Southwest, are leading the low-cost category. Among the LCCs, numerous carriers charge supplementary fees for various services. By implementing these additional charges, airlines aim to bolster their financial performance.

In 2022, Delta Air Lines was the largest airline group, generating revenue of 29.9 billion U.S. dollars. The airline company is one of the largest domestic airlines in the United States, with a market share of 17.3 percent that year. Furthermore, the company demonstrated its strength in the industry by presenting a brand value amounting to 7.3 billion U.S. dollars.

The United States, China, India, and the European Union hold significant positions as key markets for air travel. Among these, the U.S. domestic market stands out as the largest air travel market worldwide, with 666 million air passengers traveling in the region in 2021. The country is home to some of the world’s busiest airports. Hartsfield–Jackson Atlanta International Airport (ATL) kept its top spot as the busiest airport.