Passenger Air Transport in Ireland - Industry Market Research Report

Cheap and cheerful: Budget airlines win out as economic conditions deteriorate

Many factors, including consumer confidence and disposable income, influence airline performance. Prior to the COVID-19 pandemic, demand for low-cost carriers increased as tourists sought cheaper flights for leisure. The premium end of the market has suffered from changing consumer spending patterns as tight household budgets increased demand for low-cost services and consumers sought more value. The COVID-19 outbreak in 2020 brought the airline industry to a crashing halt. Passenger Air Transport revenue is expected to contract at a compound annual rate of 1.7% over the five years through 2023 to €7.9 billion.

Companies in this industry provide air transport for passengers on scheduled and non-scheduled routes. This includes domestic and international flights, scenic and sightseeing flights, regular charter flights for passengers and transport of passengers by aero clubs.

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.