Airlines financial update

According to Airlines 2016, a new Market Update produced by market research and business intelligence provider Key Note, the financial performance of major airlines based in the UK improved noticeably between 2010 and 2014, with the combined revenue of such airlines growing by 33.7%.
 
According to Key Note the principle reason for the rising financial fortunes of UK airlines is the simultaneous rise in the number of passengers handled, with the overall number of passengers passing through UK airports finally surpassing its pre-recession peak.  The recent fall in the price of oil has assisted in improving the profitability or airlines by mitigating what was previously one of the sector’s largest operating expenses.  The industry has further benefited from recent reductions to APD), which has seen the charges lowered for long-haul travel and abolished for children.
 
These developments have come alongside what is a generally improving economic climate in the UK, with rising disposable incomes, low inflation and falling unemployment, which in turn has allowed for a greater number of consumers spending higher sums of money on holidays and travel in general, giving a welcome boost to airlines and the overall market concerned with air transportation.

Key Note forecasts that UK airline passengers will grow by a further 15.3% between 2015 and 2019.   www.keynote.co.uk

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