Report Buyer, the online destination for business intelligence for major industry sectors, has added a market report.
(1888PressRelease) September 19, 2009 - According to the report “Airlines 2009: UK market report” available at http://www.reportbuyer.com/go/KEY00169 the operating revenue generated by UK airlines is estimated to have increased by 6% in 2008 to £18.25bn. Falls were recorded, however, in the number of passengers uplifted by UK airlines in 2008 — down to 131.1 million and also in the number of seat kilometres (km) used — down to 314.3 billion.
Air-passenger transport is undertaken on both scheduled and non-scheduled services. The scheduled sector, which includes the low-cost carriers, is the larger of the two and the one which continues to show growth. Passenger numbers on non-scheduled flights, which are mostly operated by the holiday charter airlines, have been falling for a number of years due to air travellers preferring to travel independently rather than on package or inclusive tours. The fastest-growing and largest segment of the market overall is scheduled, international flights.
The report states that the airline sector is currently experiencing its worst ever trading environment. Following the impact of high oil prices in the first half of 2008, which had a serious effect on airlines' operating costs and caused some operators to cease trading, the global recession is now having a significant impact on passenger numbers. The airlines have responded to the situation by cutting capacity, abandoning unprofitable routes and imposing a pay freeze on employees. The downturn means that the profitability of UK airlines is likely to come under severe pressure in 2009 as the combination of falling passenger numbers, higher costs and a fall in the value of sterling takes its toll.
The Government has confirmed that Air Passenger Duty (APD, which is a passenger-based tax charged to the aircraft operator and based on the number of passengers, destination and class of travel) will rise significantly in 2010. The tax paid on departing flights will now fall into four bands, with passengers being charged according to how far they fly. The increases, planned for November 2009 and November 2010, will hit medium-haul and long-haul travellers the hardest. The restructuring of the APD means that British holidaymakers will now be taxed more than any other travellers, with taxes and charges on some flights costing much more than the fare itself.
The report “Airlines 2009: UK market report” is available from Report Buyer at:
http://www.reportbuyer.com/transport_travel/air/airlines/airlines_2009.html
Report Buyer product ID: KEY00169
About Report Buyer.
Report Buyer (http://www.reportbuyer.com/transport_travel/air/airlines/index.html) is the independent online store for global business information. The website now lists more than 100,000 company overviews, market research reports, industry studies and business books from over 290 specialist publishers. Thousands of professionals from across the world make ReportBuyer.com their first choice in their search for quality business insight.
Report Buyer, the online destination for business intelligence for major industry sectors, has added a market report. 
Satisfied Users & 
Approved Press Releases
Print
Email
Report Spam