If you’ve ever planned a holiday overseas, travelled for business or booked an international flight, you’re sure to have encountered at least a few of the thousands of airlines that operate across the globe. You might have flown with them or know someone who has, but have you ever wondered how they’ve performed financially through the years?
Much like any other kind of business, airlines experience periods of growth and decline over time, aligning with major economic events, changes in consumer confidence and a host of other factors that can’t necessarily be controlled by the airline itself. To better understand this flux, Webjet looked at the revenue growth of 14 airlines over the last 10 years, from 2008 to 2018.
For this analysis, data was sourced from individual financial reports and news articles, with all figures presented in US dollars. Each airlines yearly revenue was analysed, and if needed, converted into USD based on that year’s exchange rate.
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Hero image: Aircraft spotting near Corfu Airport . Credit: Krzysztof Kowalik |Unsplash
Full resource list for this analysis can be found here!