€8.9bn
€XXX.Xm
7,776
57
€XXX.Xm
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.
Industry revenue has grown at a CAGR of 1.0 % over the past five years, to reach an estimated €8.9bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue (€m)
2024 |
---|---|---|
Ryanair Holdings plc | 850.6 | |
Aer Lingus Ltd | 547.5 |
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Passenger Air Transport in Ireland
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.
Flights to and from the United Kingdom are the most popular among Irish air travellers
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.
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SIC 51.10 - Passenger Air Transport in Ireland
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Passenger numbers recover well. The number of passengers handled by Irish airports in 2023 has surpassed pre-pandemic levels, boosting revenue growth.
Learn about an industry's products and services, markets and trends in international trade.
New technology hinders business travel growth. Increased remote working and video conferencing have dampened business travel demand, even amid recovering economic conditions.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Dublin dominates Irish air travel. The capital's high population and business presence led to it handling 85% of passengers in 2023.
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.
High barriers to entry limit competition. Established airlines dominate the market due to substantial capital requirements and challenging industry conditions deterring new e...
Learn about the performance of the top companies in the industry.
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...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
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...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Soaring fuel prices constrained profitability. The energy crisis and Russia-Ukraine conflict inflated fuel costs, weighing on airline profit; however, hedging techniques used...
Including values and annual change:
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Key data sources in Ireland 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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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 Passenger Air Transport industry in Ireland is €8.9bn 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.
The market size of the Passenger Air Transport industry in Ireland has been growing at a CAGR of 1.0 % between 2019 and 2024.
Over the next five years, the Passenger Air Transport industry in Ireland is expected to grow.
The biggest companies operating in the Passenger Air Transport market in Ireland are Ryanair Holdings plc and Aer Lingus Ltd
Flights to and from the United Kingdom and Flights to and from other countries in Europe are part of the Passenger Air Transport industry.
The company holding the most market share in Ireland is Ryanair Holdings plc.
The level of competition is moderate and increasing in the Passenger Air Transport industry in Ireland.