CATEGORY

Airlines

Global airlines offer global contracts covering their own and alliance network. Such large airlines primarily offer contracts in region in which they are based or have a strong market share.Â

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Airlines Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Airlines category is 11.87%

Payment Terms

(in days)

The industry average payment terms in Airlines category for the current quarter is 58.6 days

Compare your category performance against peers and industry benchmarks across 20+ parameters on Beroe LiVE.Ai™

Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Airlines Suppliers


    Airlines Supplier

    Find the right-fit airlines supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    ACCENTURE PUBLIC LIMITED COMPANY
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    6
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    58

    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    90
    Social
    42
    Governance
    67
    6 Domains Performance (/100)
    Business behaviour
    58
    Human rights
    55
    Community Environment
    54
    Corporate governance
    72
    Human resources
    29
    Security Scorecard
    97

    Threat indicators
    A
    95
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    A
    100
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    A
    98
    Application Security
    Detecting common website application vulnerbilities
    A
    94
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    A
    99
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    100
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    accenture.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    9
    Human Rights Issues
    0
    Production Supply Chain Issues
    3
    Environmental Non Compliance Flags
    12
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    5
    Fraud Issues
    2
    Labor Health Safety Flags
    6
    Regulatory Issues
    3
    Workforce Disputes
    1
    Sanctions
    0
    esg energy transition
    80
    Discrimination Workforce Rights Issues
    5
    esg controversies critical severity
    No

    Airlines market frequently asked questions


    As per Beroe's market reports, - Middle East-Asia has a market worth of $600 Mn - The North American market is valued at $16.4 Bn - The European airline market is valued at $11.5 Bn - The Asia Pacific market is valued $9 Bn

    The airline industry can see significant growth with the support of the government by implementing security standards, reasonable taxation, better regulation, and building cost-efficient infrastructure to keep up with the rising demands.

    Some of the key trends in the global airline industry are ' - Traveler retention through loyalty programs by encouraging passengers to pay a premium - Demand for lower fares by passengers accompanied by unbundling of specific services like cabin upgrade, baggage, meal choices, etc. - Incorporation of fuel-efficient aircrafts to reduce costs - Focus on aircraft tracking and psychological fitness of the pilot - Development of next-generation payment solutions to improve customer satisfaction and convenience - Advancements in ancillary product offerings

    The major alliances in the airline industry are SkyTeam, Vanilla Alliance, The Star Alliance. - SkyTeam ' the second largest alliance in the world formed in 2000 - Vanilla Alliance ' formed in 2015 to improve air connectivity within the Indian Ocean - Star Alliance ' formed in 1997 and is the largest global alliance in terms of passenger count

    Airline alliances are formed between two or more airlines where they agree to cooperate on a substantial level. Air alliances provide branding to facilitate travels and make inter-airline codeshare connections within countries.

    Airlines market report transcript


    Airlines Global Market Outlook

    • The global airlines industry contracted by 55 percent to reach 373 billion in 2020

    • The airline industry revenue is estimated to grow by 25–30 percent in 2021

    • Vaccines and testing, along with safety precautions, followed by airlines, might help to recover the global travel demand (measured by RPK) at ~40 percent of 2019 levels in 2021

    Impact of COVID-19 on Airlines Industry

    • COVID-19 had a devastating impact on the airlines industry. The industry witnessed a 66 percent drop in demand and a total loss of $138 billion in 2020.

    • The demand for air travel is slowly picking up

    • Domestic travel is expected to reach pre-crisis levels in 2022

    • Carriers are issuing health passports to securely manage the health credentials and to ensure safe travel

    • Airlines are using advanced cleaning techniques and contactless technology, such as voice-activated screens, biometric scanners, etc., to curb the spread of virus

    • Airfares have started picking up gradually, but is still 5–10 percent lower than the pre-crisis levels

    • Countries have started accepting IATA travel pass. It helps travelers to understand travel requirements and present their verified travel health credentials, and hence, ensures a seamless travel

    Global Airlines Market: Drivers and Constraints

    The major drivers of airlines industry are advanced technology, reduction in airfares, and global nature of businesses. Low demand, due to the pandemic, availability of travel alternatives, and liquidity crisis, faced by airlines limits the growth.

    Industry Drivers

    • Technology – Advanced cleaning techniques and touchless technology are expected to bring back the demand.

    • Reduction in airfares – Air fares have reduced over the years, which have made flying affordable.

    • Global nature of businesses often demands direct meetings leading to higher demand.

    Constraints

    • Uncertainty in the demand for travel, due to the impact of COVID-19.

    • Alternate to travel, like video conferencing and online meetings, is gaining prominence.

    • Airlines have accumulated financial obligations and are facing liquidity crisis.