Airline Ancillary Revenues Soar to New Heights in 2024.
The airline industry continues its upward trajectory in 2024, with global ancillary revenues expected to hit an unprecedented $148.4 billion.
Airline News
Airline Ancillary Revenue Soars to $148.4 Billion in 2024.
This represents a significant increase from $117.9 billion in 2023 and surpasses the pre-pandemic record of $109.5 billion set in 2019.
Why Airlines Should Prioritize Ancillary Revenue in 2024.
The COVID-19 pandemic has had a lasting impact on the airline industry, particularly affecting business travel. With a slower-than-expected return of corporate travelers and the rise of virtual meetings, airlines face the challenge of compensating for this revenue loss. A viable solution lies in innovating within the leisure segment by enhancing ancillary services.
Virtual Shopping Mall Drives New Revenue Streams in the Travel Sector.
InterLnkd, founded by former Singapore Airlines, AirAsia, and easyJet executive Barry Klipp, has developed an innovative technology platform that enables travel organizations to generate additional revenue through a virtual shopping mall.
These Airlines' Ancillary Revenue Reached New Heights in 2024.
In 2024, the airline industry achieved a record-breaking $148.4 billion in ancillary revenue, marking a significant increase from previous years.
Six Ways the Airline Business Has Changed in 2024.
The airline industry has undergone significant transformations in 2024, building upon shifts initiated during the COVID-19 pandemic. These changes have redefined operational strategies and passenger experiences, influencing how airlines operate and cater to travelers.
