Full-Service Carrier Market

Full-service carrier market is comprised of carriers that offer passengers various in-flight facilities, such as but not limited to variety of food and beverages, in-flight entertainment options, luxuries, blankets headphones and pillows. Full-service carriers have different types of seat arrangements which offer more convenience for the passengers in the aircraft. Primarily, full-service carrier serves several routes with inadequate traffic by help of central hubs in the region. Moreover, Full-service carriers help in reduction of passenger’s travel time and subsequent reduction in indirect costs associated with it.

COVID-19 scenario analysis: 

COVID-19 pandemic caused unprecedented cash crunch and liquidity shortage which negatively impacted the market growth of full-service carrier market.

Transportation industry was one of the worst hit industry by the pandemic restrictions and prohibition on travel, being a giant contributor for transportation industry aviation industry also faced notable loss in business.

The disruption of supply chain due to the COVID-19 outbreak created huge trouble for manufacturers and suppliers in the full-service carrier market.

Strict regulations levied for maximum occupancy in aircrafts during the pandemic led to lower revenue generation per flight.

Top impacting factors: market scenario analysis, trends, drivers and impact analysis

Growth in international trade and tourism, increase in air passenger traffic, and rise in per capita income globally are the factors that act as driver for full-service carrier market. However, atypical growth in market share of low-cost carriers (LCCs) restricts the growth of full-service carrier market. However, enhanced convenience for the customer and better connectivity presents new pathways for the industry.

The full-service carrier market trends are as follows:

Growth in international trade and tourism

Aviation industry provides the fastest means to travel to distant places which makes it beneficial for global businesses. For sustenance of international trade and tourism, full-service carrier industry provides the vitally required accessibility. For instance, Boeing 747-8i operated by Lufthansa can travel at top speed up to 988 km/h at 35,000 feet and makes long distance travel a pleasure not an adventure. Lufthansa offers new flatbed business class seat on the upper deck of 2-2 configuration and on the main deck it offers 2-2-2 configuration, in the economy class individual television monitors are equipped for the entertainment of the passengers. Full-service carrier market demand is escalated by the need to support the growing international trade and tourism industry.

Increase in air passenger traffic

Decrease in overall costs associated with air travel and huge competition in aviation industry, fares of full-service carrier market fell down considerably. Affordable fares significantly increase air passenger traffic and directly boosts the full-service carrier market. For instance, in 2018, the total global passenger traffic was of 8.8 billion passengers grew a 6.4% rise when compared to previous year. Faster growth was observed in international passenger traffic than domestic passenger traffic which is 6.7% growth versus 5.5% growth respectively. Growth in air passenger traffic stimulates growth of the full-service carrier market.

Key benefits of the report:

• This study presents the analytical depiction of the full-service carrier market industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the full-service carrier market share.
• The current market is quantitatively analyzed to highlight the full-service carrier market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed full-service carrier market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the full-service carrier market research report:

• Which are the leading market players active in the full-service carrier market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?

 Full-Service Carrier Market Report Highlights