This video explores the largest airlines in the world. It looks at how these significant carriers have grown and adapted to become some of the biggest names in aviation. This video will show the timeline of the most popular airlines from 2000 to 2022, measured by annual passengers carried. All analytics are based on data from company reports and public media sources.
The video will show some of today's leaders - American Airlines, Delta Air Lines, United Airlines, Lufthansa, Ryanair, China Southern Air Holding, Hainan Airlines Group, and more - who each command a large portion of market share around the world. An analysis reveals that this success can be attributed to critical strategies such as larger fleets with newer aircraft; carefully planned routes; cutting-edge loyalty programs; fleet modernization; innovative use of technology, and focus on customer service & satisfaction.
Regarding economics & finance, the focus is primarily on two key factors: revenue management & cost control. Revenue management entails knowing when and where to offer discounts or promotions for maximum profitability. At the same time, cost control involves making operational decisions that increase load factor profitability for a given route or fleet type (i.e., aircraft size). Strategies such as 'yield management' involve intelligent forecasting models that account for price elasticity (i.e., price sensitivity) while creating standard pricing schedules varying by time zones, etc., across different regions/ countries using algorithms rather than guesswork has become commonplace among significant carriers today. This helps optimize utilization within specific parameters in terms of fuel & personnel costs, reducing potential risks arising from overbooking and providing adherence to regulations concerning operating hours, etc.
Airlines are grouped by country.
#china
#usa
#ireland
#germany
The three most popular airlines by passengers traffic as of Q3'2022:
- Delta Air Lines
- American Airlines Group
- China Eastern Airlines
Appreciate your feedback and suggestions in the comments.
