$XX.Xbn
$X.Xbn
XX,XXX
X,XXX
$XX.Xbn
Canadian airlines have struggled to fully recover from the COVID-19 pandemic. Inflationary headwinds have strained consumers' discretionary budgets, limiting their use of airlines even as they prioritize travel. Airlines repurposed many of their aircraft into "preighters" (passenger freighters) to address supply chain issues by carrying cargo and making up for lost revenue, but high interest rates have weighed on freight volumes. Inbound travel has surged as Canada becomes an increasingly popular tourist destination, but many of these passengers choose to fly aboard competing airlines based overseas. Revenue has been sinking at a CAGR of 1.7% to an estimated $29.1 billion over the five years to 2024, despite a surge of 8.1% in 2024 alone.
Industry revenue has grown at a CAGR of XX.X% over the past five years, to reach an estimated $XX.Xbn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Air Canada | 21,273.2 | 1,828.8 | 8.6 | |
WestJet Airlines Ltd. | 4,233.7 | 148.4 | 3.5 | |
Porter Airlines Inc. | 648.4 | 52.4 | 8.1 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Scheduled domestic travel, Scheduled US-transborder travel and Scheduled non-US international travel. Scheduled domestic travel is the largest segment of the Scheduled Air Transportation in Canada.
Intercontinental travel skyrocketed post-pandemic
This industry provides air transportation for passengers and cargo over regular routes and on regular schedules. Network carriers operate a significant portion of their flights using at least one hub where connections are made for flights on a spoke system. Regional carriers provide service from small cities, mainly using smaller aircraft and jets to support the network carriers’ hub and spoke systems. Airlines that transport mail are included in this industry.
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NAICS 481110 - Scheduled Air Transportation in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Inflation-strained consumers are flying less. Canadians are facing dampened disposable income, leading them to hold off on expensive international travel. Many are choosing t...
Learn about an industry's products and services, markets and trends in international trade.
International flights are Canadian airlines' most lucrative service. These higher-margin flights have rebounded in popularity since the pandemic, supporting revenue growth fo...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Each province and territory has some airline activity. The federal government subsidizes travel to remote areas, boosting revenue in these locales.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Canadian airlines are highly concentrated. Air Canada dominates the market, taking up nearly three-quarters of revenue on its own.
Learn about the performance of the top companies in the industry.
Air Canada dominates revenue for Canadian airlines. It's the flag carrier and represents nearly three-quarters of revenue.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Regulation is heavy for airlines. There are many safety, environmental and political rules that they must follow. Combined with high start-up costs, it isn't easy to join the...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Rent is uniquely high for airlines. They must buy valuable space at many different airports to remain attractive for customers.
Including values and annual change:
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Key data sources in Canada include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Scheduled Air Transportation industry in Canada is $XX.Xbn in 2024.
There are $XX.Xbn businesses in the Scheduled Air Transportation industry in Canada, which has declined at a CAGR of XX.X% between 2019 and 2024.
The market size of the Scheduled Air Transportation industry in Canada has been stable at a CAGR of XX.X% between 2019 and 2024.
Over the next five years, the Scheduled Air Transportation industry in Canada is expected to remain static.
The biggest companies operating in the Scheduled Air Transportation market in Canada are Air Canada, WestJet Airlines Ltd. and Porter Airlines Inc.
Scheduled domestic air passenger transportation and Scheduled transborder air passenger transportation are part of the Scheduled Air Transportation industry.
The company holding the most market share in Canada is Air Canada.
The level of competition is high and increasing in the Scheduled Air Transportation industry in Canada.