WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Technology Internet Security Sunday, April 21, 2019 
Add Press Release News | News Feeds Feeds | Email This News Email

Digital Transformation to Advance Global Airlines' Growth Prospects
Tuesday, February 12, 2019

Investment in innovative products and technologies will bring new cost items to meet passenger expectations and ignite new growth opportunities, finds Frost & Sullivan

LONDON, Feb. 12, 2019 /PRNewswire/ -- Frost & Sullivan's latest analysis, Global Airline Benchmarking, 2008-2017, reveals that digital transformation will continue to be a major focus area for airlines. New digital tools have helped airlines grow direct and indirect revenues, optimise costs, improve the passenger experience and advance growth prospects. The 17 airline groups and airlines reviewed in the analysis saw their revenues nearly double in the past 10 years while the industry grew by 32% in the same period. During 2008-2017, those airlines added more than 3,500 aircraft to their fleets, and their fleet size rose from 6,500 to 10,000 units.

"Investment in innovative products and technologies will bring new cost items to meet passenger expectations. Airlines will continue to experience heavy competition, and financial success will depend upon fleet investment, aircraft type selection, winning more direct bookings, building new partnerships, restructuring or negotiating old ones, and an understanding of the strength of the customer base," said Priyanka Chimakurthi, Senior Research Analyst, Airlines, Frost & Sullivan.

For further information on this analysis, please visit

To harness long-term, consistent growth prospects, Chimakurthi recommends airlines pursuing deep industry partnerships, competitive pricing and continued portfolio development through consistent investment in research and development with innovative suppliers and start-ups. Further critical success factors include:

    --  Taking advantage of wider opportunities provided by disruptive
        technologies such as blockchain, biometrics, artificial intelligence,
        virtual reality, augmented reality, internet of things and big data as
        part of digital transformation programs to retain and enhance their
        positions in the market
    --  Investing in new seating types and configurations to improve the
        passenger experience, like in-seat power, mood lighting, full-flat bed,
        reverse herringbone, and open suites
    --  Expanding their ancillary services portfolio and considering new
        business models, including IFE via VR, e-Commerce, offering premium
        content, in-flight advertising, taxi booking, and destination services

"A key challenge for the airline industry has been the drop in average fares and yields (Pax RPK) in the past two consecutive years, driven primarily from a drop in premium traffic and increased competition across long-haul networks," noted Chimakurthi.

Frost & Sullivan's recent analysis, Global Airline Benchmarking, 2008-2017, focuses on the competitive profiling of 17 global airlines and airline groups, detailing financial performance, major traffic and capacity metrics. Key strategic highlights are assessed, with key performance indicators and recommendations provided.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Global Airline Benchmarking, 2008-2017

Jacqui Holmes
Corporate Communications Consultant

Twitter: @FrostADS
LinkedIn: Frost & Sullivan's Aerospace, Defence and Security Forum

View original content:

SOURCE Frost & Sullivan

Email This News Email | Submit To Slashdot Slashdot | Submit To Digg | Submit To | News Feeds Feeds

Nav "Getting 'Dollar Shave Clubbed'" Study Released | Apr 19, 2019
Nav Reolink Launches Final April Boom on Smart Cameras to Celebrate Easter 2019 | Apr 18, 2019
Nav New Technothriller Book, "Virus Bomb: A Novel" Shows The New Face of War; Stealing Data And Spreading Disease | Apr 18, 2019
Nav Adjust Puts an End to in-App Bot Attacks With New Standalone Unbotify Product | Apr 17, 2019
Nav NinjaRMM Named #1 Remote Monitoring and Management Software by G2 Crowd in 8 Key Categories | Apr 17, 2019
Nav New release of Avast Secure Browser Delivers Deeper Consumer Privacy | Apr 16, 2019
Nav 'World VPN Week' Announced To Increase Awareness Of Daily Privacy Threats | Apr 16, 2019
Nav Minerva Labs' New Critical Asset Protection, Visibility and AV Orchestration Capabilities Provides Comprehensive Endpoint Security | Apr 16, 2019
Nav Return Path Honors 2019 Email Hero Award Winners in New Lookbook | Apr 16, 2019
Nav HiveMQ Launches New Open Source MQTT Community | Apr 16, 2019

Submit News | View More News View More News