THE GLOBAL AIRLINE INDUSTRY

MARKET ANALYSIS IN THE LIGHT OF THE COVID-19 CRISIS

In addition to a comprehensive view of the sector's environment and demand (macroeconomic factors, changes brought about by digital transformation and ecological transition, etc.), the study provides our exclusive analysis of the past evolution of the global airline industry and its prospects. In particular, it outlines the impact of the health crisis and the lessons to be learned from the current situation.

COMPANIES' BUSINESS STRATEGIES

Implementation of measures to resist the crisis, investments in air freight, but also strengthening of positions and greening of the fleet : the report details the growth levers prioritised by the world leaders in the airline industry, after analysing their main strengths and weaknesses.

EXPLANATION OF THE CHANGES IN THE COMPETITIVE LANDSCAPE

This report also provides an individualised and aggregated financial analysis of the operators' financial performance. In particular, it deciphers the evolution of sales and operating profit rate for the analysed companies.

1. EXECUTIVE SUMMARY

SUMMARY AND KEY PAGES OF THE REPORT

The summary provides all the elements needed to understand the major trends in the sector and foreseeable developments, drawing on analyses of the market outlook and the strategies of the companies.

2. MARKET FUNDAMENTALS

OVERVIEW

SCOPE OF THE REPORT

FUNDAMENTALS OF THE AIRLINE INDUSTRY

3. THE MARKET AND LEADERS' ACTIVITY

SECTORAL ENVIRONMENT

• Overview

• Political factors

• Legislation

• Economic factors

• Social factors

THE GLOBAL MARKET FOR AIR TRANSPORT

• The air transport market

• The market over the medium term

• Long-term demand

LEADERS' ACTIVITY AND PERFORMANCES

• Revenue

• Operating profit rate

• Individualised activity and performances

4. COMPETITION AND LEADERS' STRATEGIES

COMPETITIVE ENVIRONMENT

• Porter's 5 forces (Overview)

• Intra-sectoral competition

• Threat of new entrants

• Threat of substitutes

• Government's influence

• Bargaining power of suppliers

LEADERS' STRATEGIES

• Overview

• Sustaining through the Covid-19 crisis

• Strengthening its positions

• Developing air cargo activity

• Greening the fleet

5. FORCES AT WORK

• Rankings of the 10 world leaders in the global airline industry

• Key performance indicators of the 10 leaders (revenue growth and EBIT rate)

• SWOT analysis of the 10 leaders

6. LEADERS' PROFILES

• AMERICAN AIRLINES

• LUFTHANSA

• UNITED AIRLINES HOLDINGS

• CHINA SOUTHERN AIRLINES

• AIR FRANCE-KLM

• AIR CHINA

• SOUTHWEST AIRLINES

• IAG (INTERNATIONAL AIRLINES GROUP)

• CHINA EASTERN AIRLINES

• EMIRATES