Search results for: 'Services 2.0: The New Business Frontier for Profitability'

Business class revenue was a key growth driver for airlines as they attempted to resurrect from COVID-19 pandemic-related service disruptions. The emergence of the new traveler segment, the luxury leisure traveler, ensured business class cabins remained fully booked throughout the seasonal tourism periods. Overall, passenger preference for privacy ...

Airlines are exploring new ways to increase their ancillary revenues and remain profitable. Analytics and digital programs that optimize inefficiencies are increasingly being trailed and implemented to attract customers and improve KPIs.--BEGIN PROMO--Research Scope This research service focuses on the competitive profiling of 17 global airline an...

15 Dec 2022  |  Global  |  Market Research

Commercial Aviation First-class Seating Growth Opportunities

Consistent Demand from Economic Powerhouses and Leisure Travelers and Strong Marketing Benefits will Drive Growth

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First-class seating is usually feasible on widebody aircraft. The prolonged grounding of this aircraft type by airlines around the world due to the COVID-19 pandemic hindered the growth of this cabin class. Preference for new narrowbody aircraft also increased among airlines. The general trend before the pandemic was already skewed toward the repla...

12 Jan 2018  |  Global  |  Market Outlook

The Global Impact of Digital Transformation in Commercial Aviation, 2017

Capitalizing on Opportunities in the Emerging Digital Economy for Enriched Business Performance

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Intense competition in the commercial aviation sector has led industry stakeholders to create new business models to compete heavily on price by limiting margins and improving cost efficiencies. Connected aviation is the central theme around which digital transformation initiatives are evolving to achieve the competitive advantages and differentiat...

The COVID-19 pandemic has drastically reduced the demand for air travel both on domestic and international routes. It has severely impacted the aircraft utilization rate and financial health of the airlines. Most of the airlines were forced to halt their digital transformation journey due to weak financial capability. Airlines are focusing more on ...

09 Dec 2022  |  Global  |  Market Research

Impact of 5G in Commercial Aviation, 2022

Upgradation of Communication Networks to 5G will Deliver Significant Future Growth Potential for Aviation Stakeholders

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Industries are adopting nascent next-generation technologies, such as 5G, edge computing, cloud, AI, and robotics. Real-time data visibility, Big Data analytics, and automation address several industry challenges. Low latency, artificial intelligence, and edge computing usage opened multiple avenues for optimizing processes and developing new reven...

18 May 2020  |  North America  |  Market Research

Post-pandemic Growth Opportunity Analysis of the Global Commercial Aircraft Market

Novel coronavirus charts out a new vector for the commercial aerospace industry; new destinations define new opportunities

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The COVID-19 pandemic has swept the globe, impacting every industry in every country. Few other industries have been disrupted to the magnitude that the global commercial aerospace market has. The current situation dwarfs the turmoil of 2019 as the Boeing 737 MAX grounding saga dragged on. 2020 was going to be a year of reconfiguration that woul...

Lessors are struggling to maintain liquidity amidst the weak economic scenario in aviation. Airline-owned leasing firms are selling off their leasing arms to consolidate and streamline their core air travel operations. The critical situation has led to some M&A scenarios in the aircraft leasing industry. Lessors and airlines are dependent on var...

Central America is a natural vacation destination for North American tourists. However, the regions social and political situation has prevented the regions commercial aerospace industry from realizing its full potential. While most destinations in Central America have decent point-to-point connectivity from major cities, they severely lack intra c...