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Charter Flights in the US - Industry Market Research Report

  • ID: 239595
  • Report
  • Region: United States
  • 36 pages
  • IBISWorld
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First class: As the economic environment prospers industry demand is anticipated to grow

Charter Flights in the US

During the five-year period, the Charter Flights industry has been flying high following growth of demand from downstream markets. Companies in this industry provide air transport services on an irregular or nonscheduled basis for passengers and cargo, which also referred to as a charter arrangement. Since 2014, demand for nonscheduled air transport services grew as the broader economy continued to grow, corporate profit reached record highs and per capita household income increased. The biggest players in the industry specialize in freight, with services normally undertaken on a contract basis with large clients, such as freight-forwarding companies and the US military. The majority of industry revenue is derived from providing services to passengers for domestic and international trips on chartered business jets or air taxi. ndustry growth is expected to continue over the five years to 2024, driven by higher per capita income and corporate profit. As the economic environment prospers and general business outlook becomes more confident, spending on luxury items, including chartered flights, is anticipated to grow. Consequently, over the five years to 2024, industry revenue is projected to increase.

Companies in this industry provide air transport services on an irregular or nonscheduled basis for passengers and cargo, also referred to as a charter arrangement. Industry operators enable people to fly where they want, in terms of destination and airport, and when they want, as opposed to commercial airlines that operate on a fixed schedule of destinations and times. This industry also includes scenic tours and sightseeing services.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY
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