$30.7bn
$X.Xbn
64,273
15,723
$X.Xbn
Operators in the Charter flight industry provide non-scheduled air transport services for passengers and cargo, which is also referred to as a charter arrangement. Travel may be between private or public airports and may involve regular or irregular service. During this period, the industry faced volatile economic conditions, which reduced demand from passengers traveling for both corporate and leisure purposes. Heightened e-commerce activity amid the pandemic partially insulated the industry from COVID-related declines in 2020. Although the pandemic ultimately hindered revenue, pent-up demand supports a strong recovery for the industry. Overall, industry revenue increased by a CAGR of 0.7% to $30.7 billion over the five years to 2024, including a slight increase of 0.9% in 2024 alone.
Industry revenue has grown at a CAGR of 0.7 % over the past five years, to reach an estimated $30.7bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
NetJets IP LLC | 5,686.5 | 660.6 | 11.6 | |
Republic Airways Holdings Inc. | 2,864.2 | 217.9 | 7.6 | |
Atlas Air Worldwide Holdings, Inc. | 2,653.3 | 296.6 | 11.2 |
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Industry revenue is measured across several distinct product and services lines, including Passenger charter services, Cargo transportation and Other services. Passenger charter services is the largest segment of the Charter Flights in the US.
Vaccine and booster rollouts allow consumers to travel again
Companies in this industry provide air transport services on an irregular or nonscheduled basis for passengers and cargo, also referred to as a charter arrangement. Industry operators enable people to fly where they want, in terms of destination and airport, and when they want, as opposed to commercial airlines that operate on a fixed schedule of destinations and times. This industry also includes scenic tours and sightseeing services.
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NAICS 48121 - Charter Flights in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Travel restrictions injected volatility into consumers’ and businesses’ desire to take charter flights. Some operators are turning to cargo transportation to make up for lost...
Learn about an industry's products and services, markets and trends in international trade.
Economic uncertainty is suppressing businesses from using charter flights. Video conferencing is being used as a much lower-cost alternative to corporate travel.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Large concentrations of wealth and inbound tourists make the West a solid location for charter flights. Alaska is a notable location that is highly dependent on air transport...
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.
Charter flight operators contend with low-cost alternatives like regional airlines.
Learn about the performance of the top companies in the industry.
Specializing in unscheduled passenger and cargo transportation enables charter flight operators to hold a smaller fleet. Low overhead is what attracts new entrants.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Charter flight operators must adhere to many regulations set by federal agencies, namely the FAA. Security regulations have ramped up in response to the events of September 1...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Charter flights are highly dependent on flight staff. A recent pilot shortage is causing operators to spend more on wages.
Including values and annual change:
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Key data sources in the US 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:
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The market size of the Charter Flights in the US industry in United States is $30.7bn in 2024.
There are 15,723 businesses in the Charter Flights in the US industry in United States, which has grown at a CAGR of 2.3 % between 2019 and 2024.
The market size of the Charter Flights in the US industry in United States has been growing at a CAGR of 0.7 % between 2019 and 2024.
Over the next five years, the Charter Flights in the US industry in United States is expected to grow.
The biggest companies operating in the Charter Flights market in United States are NetJets IP LLC, Republic Airways Holdings Inc. and Atlas Air Worldwide Holdings, Inc.
Nonscheduled passenger and cargo air transportation and Charter air passenger and cargo services are part of the Charter Flights in the US industry.
The company holding the most market share in United States is NetJets IP LLC.
The level of competition is high and steady in the Charter Flights in the US industry in United States.