|Global Airline Benchmarking, 2008–2017|
|Industry Experiencing an Extended Period of Growth and Profitability with Relatively Inexpensive Fuel Costs|
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.