Top 10: The World's Largest Airlines By Revenue
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- Опубликовано: 14 май 2024
- Running an airline is a massive operation.The biggest carriers are bringing in hundreds of millions of dollars in profit (when there isn’t a global health crisis causing havoc across the globe!) To bring in so much money requires a vast amount of financial resources - funds to cover an army of employees, a huge fleet of aircraft, and much more.
Well, today’s video will highlight some of the largest public airlines based on revenue reported as of January 2023. The data is based on Forbes’ report of the top ten public carriers in the world. So, if you’re ready, let’s get started!
Article: simpleflying.com/largest-airl...
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Fun fact...Delta employees get revenue sharing with the company, so when Delta is profitable, the employees get huge bonuses, and this years was 5.57% of a years wages. They are given out every year they qualify on Valentines day. This years payout was 550 million.
A nice motivation for employees to work harder 😅
I was surprised that none of the Middle Eastern airlines was on the list.
Me too, I mean the Emirates made nearly 33 billion dollars in revenue in 2022.
And profits of 3 billion dollars, so I don't know if this video is wrong or the Emirates recordrs are lying
Emirates is state owned hence its not included as a public owned company, it did have $33bn in revenue in 2022 & almost $3bn in profits
I was a bit surprised that none o the big middle eastern carriers made the list
They’re big but not as big as these airlines. The only one to make it is Turkish Airlines and their size is massive surpassing all the Middle East Carriers. So ofc their revenue would be insane.
@@xSwaghettiYolonesExthank you OMG I don’t know what my life would’ve been without this information.
Anyways just kidding lol. I know but guess I couldn’t clarify on my comment properly. Thanks for pointing it out 😂
just because they look expensive doesn't mean they make money. All those a380 were never filled up killed them. Not to mention another poster made the point they don't have regional service flights like American Airlines or Ryan Air. Mainly a lot of foreign destinations.
Yeah they’re big but none comes even close to the Big 3 in the USA lol
@antr7493 I live in New Zealand so that's what I'm most used to I guess. I have no experience of US air carriers.
The profitaility of Turkish Airlines is so interesting. The ratio is not comparable with others
nor with the financial situation in Turkey...
Turkish Airlines is partially subsidized by the state, and also has technical services (maintenance) and pilot training operations that are part of the group, but not solely for the airline's use. That is probably pulling in big money, especially the maintenance side as they're basically the only way Russian airlines can get their Western jets serviced. Yes, it's technically against sanctions, but Turkey is too important to the strategic situation for the EU and US to actually pester them about it.
It’s an established name with links to far fetched place eithers don’t go, convenient location for connecting flights & is also a mega European beach holiday spot in addition to Istanbul always having been a top 10 visited city for decades. Also have a huge cargo operation. Lowers employee costs than even gulf carriers as they don’t rely on pricey expat pilots, maintenance, managers etc either. Very modern fleet for both long & short haul saving fuel costs.
I find it hard to believe Air Canada is reporting losses. With the prices of their tickets. And the amount of flights that are operating at over 90% load factor. They have to be moving assets around to be showing a loss. In my opinion…
Rouge is a money sink, surprised it hasn't been killed off.
@@Dexter037S4 really? thats surprising, rouge is an older fleet and is no frills with less leg room. And prices are not much cheaper than standard AC fare.
@@TheAleksa381 That's the reason it's a Money Sink, it has no purpose and it's planes cost way too much.
I think simple flying is inaccurate because they don’t state what financial period air canada declared a loss air Canada is presently profitable and rouge is profitable
I was surprised that Ryanair was absent, then I thought, this is based on revenue and not aircraft!!
While I was expecting the American big 3 to be on the list, I was a bit surprised they were THE top 3.
American carriers will forever be big 3
Super surprised AC is on that list
Same and I'm canadian
Monopoly full service carrier. Aeroplan is a top frequent flyer program.
I'm surprised Ryanair isn't here
It's surreal that the Dubai and other Arab airlines are not on the list.
state-owned airlines not included on list
Amazing that some of the companies on the list can't turn a profit.
They give too much for such little price causing them to fail, stupid idiots act like an airline can offer cheap first class sized economy seats.
1:56 Is the mentioned fleet size based on Historic, Current, and Future combined? Because China Southern’s current fleet only has about 640 aircraft as the largest Asian airline and Fifth Largest Airline in the World By Fleet Size.
5:50 AFKLM yesterday bought 20% of SAS😳
Glad to see a Canadian airline made it to the top 10, I have noticed AC has been making a lot of revenue and strategic moves. Good on them 🙌
If they continue with their current customer service, which ignores the passenger when THEY RESCHEDULE FLIGHTS, they will lose this position pretty soon
Wow. Air Canada made the list 😮
the Turkish full service carrier should introduce FirstSuite™ that'll complement it's existing business & premium economy class cabin . . .
do a video on most profitable route. I think a few years ago, ba from LHR to Luanda was the most profitable in the world. the cheapest economy ticket was something like 3k.
0:55 The number of employees for Air Canada shown is way too low. In the Q2 earnings report it reports 35.9 thousand FTEs.
Qatar airways? Singapore Airlines?
They’re not big enough to bring same amount of revenue as these massive giants
Yes. Those are names of airlines.
im surprised there
was no low cost airlines in the list
I didn't know Vueling was part of AIG
Air France - KLM also owns Transavia Netherlands and Transavia France (not mentioned) while they do not hold any stake of Air Mauritius.
The size of the accounting departments of these carriers must be massive in order to keep their books straight.
The big three in the top three, nice
Remember that Americans have more short haul air services because they don't have high speed trains. So they have flights that take well under an hour that would be high speed train trips in most other first world countries. All those extra short flights add up to a lot of revenue.
@@Dave_Sisson it’s not just that, it’s the size and low density of the US compared to other developed nations. We see low high speed rail usage in other large developed countries like Australia and Canada just like the US. High speed rail does very well in high density regional travel like the HSR line in the NE corridor, the Acela. Thats why markets like European countries and Japan prefer HSR. The average US passenger flight is over 800 miles which is well beyond 1 hour, in fact that’s probably over 2 hours. Regional carriers exist in the US to get passengers to larger hubs to get on planes to go even further. The classic hub and spoke model. Most people are not getting on planes to go to destinations that are close by train. You may think they are but they aren’t. That’s evidenced by the busiest domestic air routes in the US being thousands of miles such as New York to LA or Boston to San Francisco.
@@Dave_Sisson”…because they don’t have high speed trains.” No. Just…no. No and no. Jfc no. The US is massive and its population is huge. We don’t have an extensive high speed rail network because it’d be dumb to connect cities and towns like Lubbock by high speed rail to major hubs like Dallas. Why? This isn’t Europe.
@@cwg73160 Actually, I don't live in Europe, although I have visited. High speed trains are a feature of Europe, four Asian countries (including China which is bigger than the USA) and even northern Africa in countries like Morocco. They have replaced most flights under 650 km or 400 miles everywhere they have been built. The USA has a lot of those shorter flights.
@@Dave_Sisson And the largest commercial aviation infrastructure is a feature of the US. When is Europe going to realize they don’t have to scar their landscape with railway tracks? We need to compare Europe to the US because everything about both places is exactly the same in every regard.
And please avoid talking about China when comparing them to the US. China would build a million Chuck E. Cheese’s as fast as they could at any cost if they heard it might help them in the global economy.
It should be mentioned that International Airlines Group will add Air Europa Air France KLM Group will add Scandinavian Airlines and Lufthansa Group will add ITA Airways if you realize all 3 airline alliances because of these purchases are just switching alliance members
You never heard about dots, did you?
I love turkish airlines ✈️
Turkish Airlines equal 2nd most profitable airlines and by far serves the best food
Yes very surprised, what about emirates and Qatar?
But who is the most profitable in terms of revenue per employee ?
Most profitable is Delta as well but wdym by per employee ?
That’s not a metric, profit is not measured per employee.
@@FlyByWire1Well, it could be. However "profitability" has nothing to do with revenue whatsoever.
right now that would probably belong to QANTAS. 2.5 billion AUD in profit in the last year. Nowhere near the amount of workers as most of the airlines listed here
@@FlyByWire1 revenue and profit per employee is most definitely a number. Its usually associated with analysis of US tech firms
ALL INTERNATIONAL AIRLINES ARE REQUESTED TO KINDLY START FLYING TO (ATQ) AMRITSAR , PUNJAB , INDIA .
Imagine earning 54 dollars and your take home is less than 2 dollars…
Turkish Airlines is honesty best in service
Emirates want to double in size. I wonder how that will affect these statistics.
Just FYI in 2022 emirates group revenue was $32+ billion but well as usual forbes didn't include because it is not public
Someone ask why the big middle eastern carriers are not on the list?
Here’s why,
They’re state owned private companies. Notwithstanding, they are big but they suffer from not having a domestic route network, so they are mainly flying to other countries over longer distances with fewer people and being held behind due to competition with low cost carriers in their region. While on the longer routes, other national airlines.
US airlines mainly have a Oligopoly on the huge domestic full fare network. Over 50% of US air transportation network is control by the big 3 airlines. It’s like they fly an American citizen once a year, that’s over 300million people. (These are 2022 numbers) in 2019 it was over 400million passengers.
Also Emirates, and Qatar have a small fleet, with Doha airport only brining in 35 million people, that’s the size of Boston Logan International airport the 16th largest U.S. airport. Dubai airport 80-90 million passengers is closer to Delta hub in Atlanta pulling over 100 million but then you realize they have 9 major hubs across the country, each pulling in millions more passengers. While in Europe they form airline groups to combat their low cost rivals, maintain market share and have a robust international network flying passengers across The Atlantic and Africa.
For the financial year ended 31 March 2023, the Emirates Group posted a record profit of AED 10.9 billion (US$ 3.0 billion) The Group's revenue was AED 119.8 billion (US$ 32.6 billion), an increase of 81% over last year's results. So if the Group was not state owned it would of been on the list.
I guess no Emirates then.
I thought you were going to show the highest revenue routes EG JFK to MAD
It’s JFK to LONDON Heathrow is 22 daily flights.
If you take Newark which has United airlines flights, Gatwick and other smaller upstate NY airport it’s up to 35 daily flights between New York City and LONDON everyday.
not a fan of including groups into this list. Definitely skews the data/title of the video.
How about Emirates?
It's not public.
Not enough revenue in the period to qualify for the. Top 10
@@johniii8147 they have more than enough revenue bro, Emirates reported more than $32+ billions in 2022 and is profitable but it is not public, and in starting of the video they mentioned it is only public airlines
Emirates Group revenue was $119.8 billion AED or $32.6 billion USD with a profit of 10.9 billion AED or $3.0 Billion USD so yes if it wasnt state owned its revenue would qualify it for the top 10.@@johniii8147
I'm more than surprised that the noisy Qatar, Emirates, Etihad feature nowhere on the list...one would think they are nearly the biggest.
And I also expected Singapore, Cathay (Hongkong) or Qantas to appear somewhere in the list...interesting.
21st
USA taking first again. And second and third! 😂
I cant stand that the numbers arent exact, it just makes no sense. Delta having 325+ routes. Like??? If it was 300+ sure, it not being exact. But its already such a specific number, why isnt it the exact number of routes. So dumb.
Routes can vary season to season, it’s rare that one airline will drop a lot of routes and not replace it.
Turkish Airlines has the highest profit!!!
4th
You're fifth
First
Second
Im bored
Third
Simple, the higher an airline is on this list, the worse it is to fly on