The market of air transportation services comprises of sales of air transportation services by the entities that utilize the aircraft which majorly involves helicopters and airplanes to deliver air transportation services of passengers and/or cargo. It involves the services proposed by both the scheduled and nonscheduled air carriers, but the scenic and sightseeing air transportation and air courier services are not involved within the air transportation market. Moreover, the cargo airlines plan to tie up with the logistics service delivers to generate an efficient supply chain related to the freight forwarding, storage ability, and customs clearances.
Airlines require aiming at accepting fuel-efficient solutions and accommodate the advanced technologies to deliver cost-effective services. Whereas, the increasing requirement for air freight transportation services has unfastened the new challenges for air cargo service suppliers. In the logistics perspective, the storing convenience requires to be improving to support the global augment in the air cargo.
According to the report analysis, ‘Air Transportation Global Market Report 2019’ states that there are several key players which are presently functioning in this sector more actively for leading the fastest market growth and dominating the high value of revenue across the globe during the short span of time while delivering better consumer services with the installation of advanced technologies at the low prices which further benefitted for increasing the demand includes American Airlines Group, Delta Air Lines, United Continental Holdings, Lufthansa Group, FedEx and several others.
Additionally, although being a higher mode of transportation, the increasing requirement for the chemicals and valuable, perishable and the augmenting requirement for just-in-time production of goods has generated a massive requirement for air freight services. In recent time, the air freight is being obstructed by the increase of e-commerce platform from B2B and B2C perspectives. The developing e-commerce has put the compressions on the channels of sales for the quick delivery and optimal supply chain.
Nonetheless, in May 2018, the UPS Airlines is introducing a new consistent non-stop flight from its Worldport global air hub in Louisville to Dubai, which develops the time-in transport from South and North America to the foremost destinations in the Middle East. Furthermore, the company schedules to take a character as official logistics partner for Expo 2020 Dubai.
However, the Asia Pacific region was the largest region in the global air transportation market, accounting for 33% of the market in 2018. North America was the second foremost region registering for 32% of the global air transportation market. For instance, Africa was the smallest region in the global air transportation market.
Although, there is an increasing aim on the novelty and expediency in the aviation industry. Some of the services being presented by the airlines to improve the customer service understanding involve the priority pass membership delivering the admittance to VIP airport lounges across the globe, concierge services, and precedence check-in and boarding at airports. Likewise, automated check-in technologies are being proposed by global airlines. For instance, American Airlines serve the self-service check-in service in the US and nominated international airports. Similarly, Chicago-based United Airlines proposes the online baggage check-in service. Therefore, in the coming years, it is predicted that the market for air transportation services will increase around the globe more positively over the coming years.
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