In this article we are going to list the 15 Most valuable airlines. Click to jump forward and jump to 5 most valuable airlines.
Go back over 120 years and flying was a dream that few thought could be achieved. But then the Wright brothers came and made history in the early 20th century by making basic aircraft capable of flight. Move on a few decades and commercial flights were partially reversed, even though it was only affordable for the wealthy.
Now, in the 21st century, aviation is perhaps the most essential mode of transport, both because of its speed and efficiency and its ability to transport people to all parts of the world. The airline’s industry is now one of the largest in the world, and it is also of paramount importance to other industries, with its undoubted biggest impact on the tourism industry, which is increasingly contribute to the GDP of many countries around the world.
The company’s industry has benefited greatly from the advances made in technology, with state-of-the-art technology pervading all parts of the industry, from the airline itself to aircraft entertainment and even flight control systems. Jet planes were first introduced for commercial use back in the 1950s and jumbo jets with wider bodies were first introduced in the 1970s. One of the biggest technological achievements in the company’s industry was the Concorde, which was a British-British jet and had a top speed twice as fast as sound. After 27 years, the jet finally retired in 2003.
Globally, at least 2,000 airlines are operating, with many more gone extinct. These 2,000 airlines operate over 23,000 flights serving at least 3,700 airports worldwide if there are no more. In 2019, $ 876 billion was spent on global air transport, which accounts for about 1% of world GDP and recorded an increase of 3.6% over the previous year, which was is a great achievement.
You can’t describe the airline industry today without talking about the devastating impact Covid-19 has on the world economy and the airline industry in particular. The connection between the two? Well, countries have entered locksmiths to stop the spread of the virus with both international and domestic travel suffering. Even now, a year into the pandemic, most countries have severe restrictions on international travel with countries such as Australia and New Zealand not allowing any travelers . According to the International Air Transport Association, only $ 340 billion was spent on air transport in 2020, a decrease of 61.2% from the previous year, and one of the main reasons for 400,000 job losses in industry the airline, according to Forbes. There is slightly better news though. As we have gotten relatively better at dealing with the virus and vaccines have been developed and are now being rolled out globally, 2021 is expected to be a better year for the industry, with the pre- A report reveals that $ 476 billion will be spent on air travel or a 40% increase over the previous year. This will still add only about 0.5% to world GDP or half the rate at pre-release levels but at least it is just the beginning.
Another way in which the pandemic is on air travel is by reducing the disposable income of most people. Because of rampant unemployment as businesses have suffered huge losses, many people are even struggling to keep a roof over their head. And despite the huge losses suffered by most airlines in the world, perhaps the 15 most valuable airlines in the world are in the best position to make it through. largest pandemic in a century. Our rankings are based on the market potential of each company, with information provided by Yahoo Finance. Because of our approach, we have had to have national air carriers that are private but still undoubtedly among the largest in the world, especially those based in the Middle East such as Etihad Airways, Emirates Airlines and Qatar Airways. But can they make up for their losses and get back their last jobs? Only time will tell.
We’ll look again at the giants in the sky, starting with number 15:
15. Lufthansa
The company’s market cap in March 2021 (in billions of dollars): 8.24
Founded 68 years ago in 1953, the company owns Lufthansa Airlines, Austrian Airlines, Swiss International Airlines, Brussels Airlines and Eurowings. The group is one of the largest airlines in the world, with at least 700 aircraft.
Pixabay / Public Domain
14. Alaska Air Agency (NYSE: ALK)
The company’s market cap in March 2021 (in billions of dollars): 8.803
Alaska Air Group has two major airlines, Alaska Airlines and Horizon Air, and was established 36 years ago in 1985. The company has approximately 24,000 employees.
13. Korean Air
The company’s market cap in March 2021 (in billions of dollars): 8.97
Korean Air came into being 52 years ago in 1969 and is the flag bearer of South Korea, one of the most advanced Asian countries in the world. It is headquartered in Seoul and serves 126 destinations in over 40 countries worldwide and also has 13 domestic regions. The airline has a fleet of 159 aircraft.
12. Japan Airlines
The company’s market cap in March 2021 (in billions of dollars): 10.905
One of only two Japanese airlines on our list, Japan Airlines is headquartered in Tokyo and is a Japanese flag carrier. The company was incorporated 69 years ago in 1951 and provides services to 225 destinations in at least 30 countries worldwide. The airlines have a fleet of 279 aircraft.
Jirat Teparaksa / Shutterstock.com
11. China Eastern Airlines Corporation
The company’s market cap in March 2021 (in billions of dollars): 11.928
China Eastern Airlines Corporation came into being in 1988 and has a fleet of over 577 aircraft serving nearly 250 destinations worldwide. It is headquartered in Shanghai with the government which owns most of the airline.
10. Ana Holdings
The company’s market cap in March 2021 (in billions of dollars): 12.1
All Nippon Airways is Japan’s largest airline in terms of revenue and in terms of revenue as well. It was established 68 years ago in 1952 and has approximately 46,000 employees worldwide.
9. Singapore Airlines
The company’s market cap in March 2021 (in billions of dollars): 12.542
Singapore is the world’s business hub so it is no surprise that the national airline is one of the most valuable airlines. The company has at least 141 aircraft in its fleet and their revenue exceeded $ 8.6 billion.
8. International Airlines Group
The company’s market cap in March 2021 (in billions of dollars): 14.24
The company is a parent of British Airway and Iberia, the UK and Spain carriers respectively, and came into being 10 years ago in 2011. The company has also bought other airlines that includes BMI, Aer Lingus, Air Europa and Vueling in the decade since its inception and is listed both in the London stock exchange and in the Madrid stock exchange.
7. South China
The company’s market cap in March 2021 (in billions of dollars): 14.911
South China is headquartered in Guangzhou and was established 32 years ago in 1988 following the restructuring of CAAC Airlines. The company operates more than 2,000 flights to at least 200 destinations per day.
6. American Airlines Group (NASDAQ: AAL)
The company’s market cap in March 2021 (in billions of dollars): 15.973
Surprisingly, American Airlines does not make the 5 most valuable airlines even though the company had more than $ 45 billion in sales as well as total assets of nearly $ 60 billion and more than 133,000 their employee. And this is also despite the fact that, in terms of passenger numbers, American Airlines is considered to be the largest airline in the world. However, the Covid-19 pandemic hit the airline hard and they lost $ 2.2 billion in Q1’20.
Pixabay / Public Domain
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Disclosure: None. Insider Monkey first reveals 15 most valuable airlines.