欧洲客运航空公司分析报告-培训课件外文版2024.5德国航空

INDUSTRIES

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MARKETSPassengerairlinesinEuropeCHAPTER

01OverviewAnnualgrowthinglobalairtrafficpassengerdemandfrom2006to2022,withforecastsuntil2023Globalairtraffic-annualgrowthofpassengerdemand2006-202380%60%40%20%64.2%28.3%21.8%7.9%8%7.5%8.1%7.3%6.9%6.3%7%5.3%5.7%6%4.1%2.4%0%-20%-40%-60%-80%-1.2%-65.8%2020200620072008200920102011201220132014201520162017201820192021

2022*

2023**3Description:In2022,theglobalairtrafficpassengerdemandgrewbyover64percentcomparedtothepreviousyear,whenthepassengerdemandincreasedbynearly22percentcomparedtothelastyearwhentheannualgrowthofpassengerdemanddecreasedsharplyduetothecoronaviruspandemic.Thisfigurewasforecastedtoamountto28.3percentin2023.ReadmoreNote(s):Worldwide;2006to2022;*Estimate**ForecastFigurespriorto2019weretakenfrompreviousreports.ReadmoreSource(s):AirfinanceJournal(AirlineAnalyst);IATA;ICAO;Refinitiv;S&PGlobalPlattsYear-on-yearpassengertrafficchangeofcommercialairlinesinEuropefrom2013to2023CommercialairlineschangeinpassengertrafficinEurope2013-2023150%100%50%102%28%19.6%9.1%6.5%5.8%5.3%7.5%4.7%4.2%0%-50%-70%2020-100%201320142015201620172018201920212022*2023**4Description:Duetothecoronaviruspandemic,passengertrafficoncommercialairlinesinEuropedeclinedby70percentbetween2019and2020.Thenumberofairtravelersbegantoincreaseagaininthefollowingyears.Inparticular,itwasestimatedthatpassengertrafficonsystem-widecommercialairlineswouldincreaseby102percentin2022comparedtothepreviousyear.Furthermore,thepassengervolumeisexpectedtogrowby20percentin2023.

ReadmoreNote(s):Europe;2013to2022Source(s):IATAYear-on-yearpassengercapacitychangeofcommercialairlinesinEuropefrom2013to2022,withaforecastfor2023CommercialairlineschangeinpassengercapacityinEurope2013-202380%60%40%20%68%30%18.8%6.9%6.5%5.8%5.3%4.5%3.4%3.5%0%-20%-40%-60%-80%-62%2020201320142015201620172018201920212022*2023**5Description:Duetothecoronaviruspandemic,thepassengercapacityofEuropeancommercialairlinesdeclinedby62percentcomparedtothepre-pandemicyear,2019.Inthefollowingyears,passengertrafficgrewinEurope.Inparticular,in2022,theyear-on-yearpassengercapacitychangeofsystem-widecommercialairlinesinEuropewasestimatedtobe68percentmorethanthepreviousyear'scapacity.Itwasalsoforecastedtogrowbyalmost19percentin2023.

ReadmoreNote(s):Europe;2013to2022;*Estimate**Forecast

Figurespriorto2019weretakenfrompreviousreports.

ReadmoreSource(s):IATANetprofitofcommercialairlinesinEuropefrom2013to2022withaforecastfor2023(inbillionU.S.dollars)CommercialairlinesnetprofitinEurope2013-2023159.88.99.18.51057.16.51.910-5-3.6-10-15-20-25-30-35-40-12.1-34.52020201320142015201620172018201920212022*2023**6Description:From2013to2018,thenetprofitsofcommercialairlinesinEuropecontinuouslyincreased,reachingitspeakat9.1billionU.S.dollarsin2018.However,in2020,duetothecoronavirusoutbreak,Europeancommercialairlinesreportedrecordnetprofitlossesof34.5billionU.S.dollars.Asof2021,Europeanairlinecompaniesexperiencedthefirstsignsofimprovementintheiroperationsandnetlossesstarteddecreasingagain.In2023,thenetprofitisexpectedtoreach9.8billionU.S.dollars.

ReadmoreNote(s):Europe;2013to2022;*Estimate**ForecastFigurespriorto2020weretakenfrompreviousreports.

ReadmoreSource(s):IATAEarningsbeforeinterestandtaxes(EBIT)marginofcommercialairlinesinEuropefrom2013to2022,withaforecastfor2023CommercialairlinesEBITinEuropefrom2013-202310%5%7.9%6.1%6.2%5.5%4.8%4.4%4%3.1%2%0%-5%-10%-15%-20%-25%-30%-8.9%-27%2020201320142015201620172018201920212022*2023**7Description:In2021,Europeancommercialairlineshadan8.9percentEBITmarginloss.However,thelosswassmallerthantheyearbeforewhenthecoronaviruspandemicseverelydisruptedtheairlines'operationsworldwide.In2022,theEBITmarginwasestimatedtobepassedovertothepositiveside,withafourpercentmargin.Thispositivetrendisforecastedtocontinuein2023.ReadmoreNote(s):Europe;2013to2022Source(s):IATACHAPTER

02SegmentsNumberofpassengerscarriedbyairintheEuropeanUnionfrom2008to2021(inmillions)AirpassengertransportintheEuropeanUnion2008-20211,4001,2001,00080060040020002008200920102011201220132014201520162017201820192020*20219Description:In2021,airpassengertransportintheEuropeanUnion(EU-27)amountedtosome373.7millionpassengers.Thisisanincreaseof35percentcomparedto2020butthe2021airpassengervolumewasstillwaybelowpre-pandemicvolumes.

ReadmoreNote(s):EU;2008to2021Source(s):EurostatDistributionofairpassengertransportinEU-27in2021,byflowAirpassengertransportinEU-27byflow2021Shareofairpassengers0%5%10%15%20%25%30%35%40%45%Extra-EUIntra-EUNational39.1%37.8%23%10/statistics/1118456/air-passenger-transport-flow-european-unionIn2021,around374millionpassengerstraveledbyairintheEuropeanUnion(EU-27)duetotravelrestrictionsimposedtocurbthespreadofthecoronavirus.MorethatathirdofthemtraveledbetweenEuropeanUnionmemberstates(intra-EU).

ReadmoreNote(s):EU;2021Source(s):EurostatNumberofpassengerstravelingbyairintheEuropeanUnion(EU-27)in2021,bycountry(inmillions)AirpassengertransportintheEuropeanUnionbycountry2021Numberofairpassengersinmillions40

50010203060708090100SpainGermanyFranceItalyGreeceNetherlandsPortugalPolandBelgiumAustriaDenmarkSwedenRomania11Description:In2021,thenumberofpassengerstravelingbyairintheEuropeanUnion(EU-27)amountedtosome373.7millionduetothecoronaviruspandemic.Thatyear,Spaincarriedabout91.9millionpassengers,makingitthelargestmarket.

ReadmoreNote(s):EU;2021Source(s):EurostatNumberofpassengerstravelingbyairbetweentheEuropeanUnion(EU-28)andEFTAandcandidatecountriesin2019,bycountry(in1,000s)AirpassengertransportbetweenEU-28&EFTA&candidatecountries2019Numberofairpassengersinthousands020,00040,00060,00080,000100,000120,000140,000160,000180,000Turkey*SwitzerlandNorwayIcelandMontenegroNorthMacedonia12Description:In2019,theairpassengertransportbetweenTurkeyandtheEuropeanUnion(EU-28)amountedtoover159millionpassengers.TheEuropeanFreeTradeAssociationisaregionaltradeorganizationandfreetradeareaconsistingoffourEuropeanstates-Iceland,Liechtenstein,Norway,andSwitzerland.TheEFTAstatessignedafreetradeagreementwithTurkey.ReadmoreNote(s):EU;2019;*Flightstagedata.ReadmoreSource(s):EurostatTopcountrypairsintheEuropeanUnion(EU-27)in2021,byairpassengerscarried(inmillions)AirpassengertransportintheEuropeanUnionbycountrypairs2021Numberofairpassengersinmillions02468101214Spain-GermanySpain-France12.517.27Greece-GermanySpain-Italy6.035.97Spain-NetherlandsGermany-ItalyItaly-France4.624.584.42Portugal-FranceSpain-BelgiumFrance-Germany3.793.022.3313Description:In2021,over12.5millionairpassengerstraveledbetweenSpainandGermany,makingittheleadingcountrypairintheEuropeanUnionintermsofpassengertraffic.Thatyear,thenumberofpassengerstravelingbyairintheEuropeanUnion(EU-27)amountedtosome373.7millionduetotravelrestrictionsimposedtothecurbthespreadofCOVID-19.ReadmoreNote(s):EU;2021Source(s):EurostatLeadingairportsintheEuropeanUnion(EU-27)in2021,byairpassengerscarried(inmillions)AirpassengertransportintheEuropeanUnionbyleadingairport2021Numberofairpassengersinmillions10

1505202530Paris-CharlesDeGaulleAirportAmsterdam-SchipholAirportFrankfurtamMainAirportMadrid-BarajasAdolfoSuárezAirportBarcelona-ElPratAirportParis-OrlyAirport26.1925.4924.7723.1918.4815.7214.4713.3612.4712.15PalmadeMallorcaAirportAthens-EleftheriosVenizelosAirportMunichInternationalAirportLisbonAirport14Description:In2021,nearly26.2millionairpassengerswerehandledatParis-CharlesDeGaulleAirport,makingitthelargestairportintheEuropeanUnion(EU-27).Thatyear,thenumberofpassengerstravelingbyairintheEuropeanUnionamountedtosome373.7million.ReadmoreNote(s):EU;2021Source(s):EurostatCHAPTER

03LeadingairlinesSelectedmajorairlinegroupsinEuropein2022,basedonrevenue(inbillionU.S.dollars)*SelectedmajorEuropeanairlinesbasedonrevenue2022RevenueinbillionU.S.dollars15

20051025303540LufthansaGroupAirFrance-KLMTurkishAirlinesEasyjet35.1528.3119.766.43Ryanair5.32SASGroupFinnair2.892.531.93NorwegianWizzAir1.841.62Jet216Description:In2022,despitedifficultyearsduetothecoronaviruspandemic,theGermanairline,LufthansaGroupgeneratedover35billionU.S.dollarsinrevenue.Inthatsameyear,AirFrance-KLMfollowedtheLufthansaGroupwithapproximately28.3billionU.S.dollars.ReadmoreNote(s):Europe;2021;*ValuesareforthefiscalyearendingDecember2022,excludingRyanairandWizzAir(fiscalyearendsMarch2022),SASGroup(fiscalyearendsOctober2022),EasyJet(fiscalyearendsSeptember2022),andJet2(fiscalyear[...]

ReadmoreSource(s):Varioussources(Companyreports)LeadingairlinesinEuropein2022,basedonpassengertraffic(inmillions)LeadingairlinesinEuropebasedonpassengernumbers2022Numberofpassengersinmillions020406080100120LufthansaGroupTurkishAirlinesRyanairGroupEasyJet101.871.8270.6769.764.97AirFrance-KLMAeroflotGroupWizzAir40.727.1PegasusAirlinesSASScandinavianAirlinesNorwegian26.9417.917.817Description:In2022,LufthansawastheairlinecompanythatcarriedthemosttravelersinEurope,amountingto101.8millionpassengers.TurkishAirlinesrankedsecond,withapproximately71.8millionpassengers.LufthansaandTurkishAirlineshadamarketvalueof12.1and8.9billionU.S.dollars,respectively,asofMay2023.ReadmoreNote(s):Europe;2022Source(s):Varioussources(Companyreports,newsarticles)RevenueofLufthansa'spassengerairlinessegmentfromFY2008toFY2022(inmillioneuros)*LufthansaAG-revenueofpassengerairlinessegment2008-202230,00025,07824,49925,00020,00015,00010,0005,000023,89123,55923,51023,32023,31722,76022,54922,29020,04618,36516,7988,37620216,62220202008200920102011201220132014201520162017201820192022*18Description:Inthefiscalyearof202,thepassengerairlinesegmentoftheLufthansaGroupgeneratedover22.8billioneurosinrevenue.ReadmoreNote(s):Worldwide;FY2008toFY2022;fiscalyearendsDecember31.;*Timeseriesbreak:ChangeinairlinesreportedinthissegmentFigurespriorto2022weretakenfromapreviousannualreport.

*SegmentwaspreviouslynamedNetwork[...]

ReadmoreSource(s):LufthansaNumberofpassengerstransportedbyLufthansafrom2008to2022(inmillions)Lufthansa'spassengertraffic2008-2022160140120145.2141.9129.3109.7107.7106104.6103.6101.8100.610080604020092.777.370.546.936.420082009201020112012201320142015201620172018201920202021202219Description:In2021,theLufthansaairlinetransportedonly101.8millionpassengers,significantlyupfrom46.9millionpassengersinthepreviousyear.Thepeakofpassengertrafficwasregisteredat145.2milliontravelersin2019,thepre-pandemicyear.

ReadmoreNote(s):Worldwide;2008to2022Source(s):LufthansaAnnualrevenueofAirFrance-KLMbetween2010and2022(inmillioneuros)AirFrance-KLM:yearlyrevenues2010to202230,00027,18826,39325,68925,78025,42325,52024,91224,84424,36325,00020,00015,00010,0005,000023,31022,94314,31511,088201020112012201320142015201620172018201920202021202220Description:TheannualrevenueoftheAirFrance-KLMairlinegroupattaineditspeakduringaseven-yearfinancialperiodin2019.In2020,withtheoutbreakoftheCOVID-19coronavirusepidemic,theturnoveroftheFranco-Dutchgroupfellbyalmost60percentcomparedtopreviousyear.Revenuesroseagaintojustunder26.4billionmillioneurosin2022.Basedonsales,theFrench-DutchGroupwastheworld`sninthlargestairlinein2022.

ReadmoreNote(s):Worldwide;2010to2022Source(s):AirFrance-KLMNumberofpassengersupliftedbyAirFranceKLMfrom2010to2022(inmillions)AirFranceKLM:passengernumbers2010-20221201008060104.21101.4598.71201793.44201689.84201587.3620144020077.45201277.33201376.05201164.19201064.97202244.67202134.0720202018201921Description:ThenumberofpassengersupliftedbytheAirFrance-KLMGroupdroppedby67.3percentin2020,duetotheCOVID-19pandemic.Inthefollowingtwoyearpassengernumbersbegantoriseagainbutremainedaround38percentbelowpre-pandemicfiguresin2022,at65millionpassengersannually.ReadmoreNote(s):Worldwide;2010to2022Source(s):AirFrance-KLMAnnualrevenueofRyanairfrom2010to2023(inmillioneuros)Ryanair:annualrevenue2010-202312,00010,775€10,0008,494.8€8,0006,0004,0002,00007,697.4€7,151€6,647.8€6,535.8€5,654€5,036.7€4,884€4,800.9€4,390.2€3,629.5€1,635.8€2010/112011/122012/132013/142014/152015/162016/172017/182018/192019/202020/212021/222022/2322Description:TheannualrevenueofRyanairforthefiscalyear2022/23amountedtoroughly10.78billioneuros.Fromthefinancialyears2011to2020,thebudgetairlineincreasedtheirrevenuebyroughly134percent.Theworldwidecommercialairlinemarketwasforecasttobeworth872billionU.S.dollarsby2020,butduetothecoronaviruspandemicitdroppedto382billionU.S.dollars.ReadmoreNote(s):Europe;April2010toMarch2023Source(s):RyanairNumberofpassengerstravelingwithRyanairfrom2011to2023(inmillions)NumberofpassengerscarriedbyRyanair2011-2023180160140120100169148.6142.1130.3120106.49790.681.779.375.880604020027.52011/122012/132013/142014/152015/162016/172017/182018/192019/202020/212021/222022/2323Description:Inthefiscalyearof2022/23,thenumberofpassengerstravelingwithRyanairamountedto169million,anincreaseof74percentfromthepreviousyear.Thenumberofpassengersseemtohaverecoveredtopre-COVIDlevelsaftertheimpactofCOVID-19ontheairlineindustrywithRyanair'spassengertrafficdroppingto27.5millionpassengersin2021.Summertendstobethebusiestmonths,with16.9millionpassengersupliftedinAugust2022.ReadmoreNote(s):Europe;2011to2023;financialyearendsonMarch30ofeachyear.Source(s):RyanairAnnualrevenueofTurkishAirlinesfrom2012to2022(inmillionU.S.dollars)TurkishAirlines:annualrevenue2012-202220,00018,00016,00014,00018,42613,22912,85512,00011,07010,95810,68610,5229,8269,79210,0008,0006,0004,0002,00008,2346,7342020201220132014201520162017201820192021202224Description:Overtheperiodgiven,therevenuegeneratedbyTurkishAirlinesfollowedanincreasingtrendwithslightoscillationsuntilthecoronaviruspandemic.In2020,theTurkishflagcarrierlosthalfofitsrevenuecomparedtothepre-pandemicyear,2019.Inthefollowingyears,therevenuegeneratedreboundedagainandreached18.4billionU.S.dollars,whichexceededevenpre-pandemicrevenues.

ReadmoreNote(s):Worldwide;2012to2022Source(s):TurkishAirlinesNumberofpassengertravellingwithTurkishAirlines(THY)from2012to2022(inmillions)NumberofpassengerscarriedbyTHY2012-202280706075.274.371.868.662.861.254.748.35040302010044.839282012201320142015201620172018201920202021202225Description:ThetotalnumberofpassengerstravelingbyTurkishAirlinesincreasedgraduallyuntil2020,whenitdecreasedsignificantlyto28millionpassengersduetonationwidelockdownsandborderclosurescausedbythecoronaviruspandemic.In2021,thenationalflagcarrierrecordedafastrecovery;passengernumbersincreasedtoapproximately45millionandcontinuedtoincreasein2022,climbingto72million.TurkishAirlineshasbeenamemberoftheStarAllianceairlinealliancesince2008.

ReadmoreNote(s):Turkey;2012to2022Source(s):TurkishAirlinesAnnualrevenueofeasyJetplcfrom2009to2022(inmillionGBP)EasyJetplc:annualrevenue2009-20227,0006,3855,8985,7696,0005,0004,0003,0002,0001,00005,0474,6864,6994,5274,2583,8543,4522,9733,0092,6671,4582021200920102011201220132014201520162017201820192020202226Description:In2022,EasyJetrecordedanannualrevenueofnearly5.8billionBritishpounds.Thecompany'srevenuescollapsedamidtheCOVID-19pandemicbuthaverecoveredtosimilarlevelsasrecordedpriortothepandemic.

ReadmoreNote(s):Europe;2009to2022;financialyearendsSeptember30ofeachyear.Source(s):easyJetNumberofpassengerstravelingwitheasyJetfrom2009to2022(inmillions)NumberofpassengerscarriedbyeasyJet2009-202212010096.188.580.28073.169.768.664.860.858.4604020054.548.848.145.220.42009201020112012201320142015201620172018201920202021202227Description:In2022,easyJettransportedjustunder70millionpassengers.Thiswasaroughly240percentincreasecomparedtothepreviousyear,whentheCOVID-19pandemicwasleadingtosubstantiallyreducedpassengernumbers.Duringthepasttenyears,EasyJet'spassengernumbersgrewconsistentlybeforereachingitspeakin2019.ReadmoreNote(s):UnitedKingdom;2009to2022;fiscalyearendsSeptember30.Source(s):easyJetCHAPTER

04Specialfocus;SustainabilityAnnualfullflightcarbondioxide(CO₂)emissionsinEuropeanUnion(inmillionmetrictons)EuropeanUnion:fullflightCO₂emissions2005-20211601401201471101008060402006564200520192020202129Description:From2005to2019,thefullflightcarbondioxideemissionlevelintheEuropeanUnionincreasedsignificantlyfrom110to147millionmetrictons.Inthefollowingyears,CO2emissiondecreaseddramaticallyduetothecoronaviruspandemicsinceairlines'operationsweredisruptedbythemitigationpoliciessetbythegovernments.In2021,thefullflightCO2emissionlevelintheEuropeanUnionwasjust65millionmetrictons,a56percentlessthanthe2019level.ReadmoreNote(s):EU;2005to2021Source(s):EuropeanUnionEnergySafetyAgencyCO2emissionsofselectedEuropeanairlinesasof2021(ingramsperrevenuepassengerkilometer)CO2emissionsofselectedEuropeanairlines2021120106.2105.21021008060402008377.370.8InternationalAirlinesGroupLufthansaAirFrance-KLMRyanairWizzAireasyJet30Description:InitsfinancialyearendingMarch2021,WizzAiremitted77.3gramsofcarbondioxide(CO2)perrevenuepassengerkilometer.TheairlinewiththelowestCO2emissionswaseasyJet,with70.8gramsperrevenuepassengerkilometer.

ReadmoreNote(s):Europe;asof2021Source(s):Varioussources(companyreports)SustainableAviationFueltargetsintheEuropeanUnionuntil2050bybasedyears(inmillionmetrictons)EuropeanUnion:SAFmandate2030-2050353025201510528.614.82.3020302040205031Description:Thekeytoachievingnet-zeroaviationintheEuropeanUnionistousesustainableaviationfuel.Therefore,TheEuropeanComm