Passenger Air Transport in Ireland - Market Research Report (2014-2029)
London, United Kingdom
Last Updated: August 2024
SIC H51.100IERevenue
€8.9bn
Past 5-Year Growth
Profit
€XXX.Xm
Employees
7,776
Businesses
57
Wages
€XXX.Xm
Passenger Air Transport in Ireland industry analysis
Many factors, including consumer confidence and disposable income, influence airline performance. Prior to the COVID-19 pandemic, demand for low-cost carriers increased as tourists sought cheaper flights for leisure. The premium end of the market has suffered from changing consumer spending patterns as tight household budgets increased demand for low-cost services and consumers sought more value. The COVID-19 outbreak in 2020 brought the airline industry to a crashing halt though passenger numbers have recovered since. Passenger Air Transport revenue is expected to inch upward at a compound annual rate of 1% over the five years through 2024 to €8.9 billion.
Trends and Insights
- Passenger numbers recover well. The number of passengers handled by Irish airports in 2023 has surpassed pre-pandemic levels, boosting revenue growth.
- New technology hinders business travel growth. Increased remote working and video conferencing have dampened business travel demand, even amid recovering economic conditions.
- Dublin dominates Irish air travel. The capital's high population and business presence led to it handling 85% of passengers in 2023.
- High barriers to entry limit competition. Established airlines dominate the market due to substantial capital requirements and challenging industry conditions deterring new entrants.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 1.0 % over the past five years, to reach an estimated €8.9bn in 2024.
Trends and Insights
Airline revenue tumbles due to travel restrictions in response to the COVID-19 outbreak
- Demand for commercial flights plunged amid lengthy travel restrictions aimed at containing COVID-19. All travellers were required to self-isolate for 14 days, discouraging air travel in 2020.
- Additional trends and insights available with purchase
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Swelling demand and improving conditions will fuel airlines' revenue
- The growing popularity of air transport will help boost airlines' revenue. Strong demand for holidays abroad will fuel spending on air travel.
Biggest companies in the Passenger Air Transport in Ireland
| Company | Market Share (%)
2024 | Revenue (€m)
2024 |
|---|---|---|
Ryanair Holdings plc | 850.6 | |
Aer Lingus Ltd | 547.5 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Products & Services Segmentation
Passenger Air Transport in Ireland
Products & Services
Industry revenue is measured across several distinct product and services lines, including Flights to and from the United Kingdom, Flights to and from other countries in Europe and Domestic flights. Flights to and from the United Kingdom is the largest segment of the Passenger Air Transport in Ireland.
Trends and Insights
Flights to and from the United Kingdom are the most popular among Irish air travellers
- According to the Central Statistics Office (CSO), the majority of overseas travellers coming into Ireland are from the UK. This is due to the close proximity of the UK, making flights short and cheap.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Sea & Coastal Freight Water Transport in Ireland
Complementors
- Rail Transport in Ireland
- Taxi Operation in Ireland
International industries
- Global Airlines
- International Airlines in the US
- Domestic Airlines in the US
- Charter Flights in the US
- Scheduled Air Transportation in Canada
Table of Contents
About this industry
Industry definition
Companies in this industry provide air transport for passengers on scheduled and non-scheduled routes. This includes domestic and international flights, scenic and sightseeing flights, regular charter flights for passengers and transport of passengers by aero clubs.
What's included in this industry?
Flights to and from the United KingdomFlights to and from other countries in EuropeFlights to and from the rest of the worldDomestic flightsCompanies
Ryanair Holdings plcAer Lingus LtdPurchase this report to view all 2 major companies in this industry.
Related Terms
LOW-COST CARRIER (LCC)HANDLING CHARGES AERO CLUBIndustry Code
SIC 51.10 - Passenger Air Transport in Ireland
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Passenger numbers recover well. The number of passengers handled by Irish airports in 2023 has surpassed pre-pandemic levels, boosting revenue growth.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
New technology hinders business travel growth. Increased remote working and video conferencing have dampened business travel demand, even amid recovering economic conditions.
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Dublin dominates Irish air travel. The capital's high population and business presence led to it handling 85% of passengers in 2023.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
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.
Analyst insights
High barriers to entry limit competition. Established airlines dominate the market due to substantial capital requirements and challenging industry conditions deterring new e...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The passenger air transport industry in Ireland is dominated by two major companies. However, many smaller companies operate in Ireland, providing travel to many remote locat...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Ryanair Holdings plc's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Aer Lingus Ltd's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Ryanair Holdings plc, and factors influencing its performance in the industry
- Description and key data for Aer Lingus Ltd, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The IAA ensures aviation safety in Ireland. The Irish Aviation Authority promotes and enforces strict safety regulations across the nation's aviation industry, adhering to in...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Soaring fuel prices constrained profitability. The energy crisis and Russia-Ukraine conflict inflated fuel costs, weighing on airline profit; however, hedging techniques used...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Ireland include:
- Central Statistics Office
- Department of Enterprise, Trade and Employment
- Irish Tax & Customs
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:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
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.
How does IBISWorld forecast its data?
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.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Passenger Air Transport industry in Ireland in 2024?
The market size of the Passenger Air Transport industry in Ireland is €8.9bn in 2024.
How many businesses are there in the Passenger Air Transport in Ireland industry in 2024?
There are 57 businesses in the Passenger Air Transport industry in Ireland, which has declined at a CAGR of 0.7 % between 2019 and 2024.
Has the Passenger Air Transport industry in Ireland grown or declined over the past 5 years?
The market size of the Passenger Air Transport industry in Ireland has been growing at a CAGR of 1.0 % between 2019 and 2024.
What is the forecast growth of the Passenger Air Transport industry in Ireland over the next 5 years?
Over the next five years, the Passenger Air Transport industry in Ireland is expected to grow.
What are the biggest companies in the Passenger Air Transport market in Ireland?
The biggest companies operating in the Passenger Air Transport market in Ireland are Ryanair Holdings plc and Aer Lingus Ltd
What does the Passenger Air Transport in Ireland include?
Flights to and from the United Kingdom and Flights to and from other countries in Europe are part of the Passenger Air Transport industry.
Which companies have the highest market share in the Passenger Air Transport in Ireland?
The company holding the most market share in Ireland is Ryanair Holdings plc.
How competitive is the Passenger Air Transport industry in Ireland?
The level of competition is moderate and increasing in the Passenger Air Transport industry in Ireland.
