2024 Aviation Industry Statistics Report

Aviation - Market Size and Industry Forecast

The 2024 Aviation Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2019 to 2029 reflect industry trends and growth patterns. Revenues include both public and private companies in the Aviation industry.

Market Size (Total Revenue)


% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Industry Revenue ($ Billions)

Industry Market Size
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023

Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Aviation - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Aviation companies in the United States.

Aviation Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesAviation
Small Business (< 5 Employees)


Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Aviation - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent of Sales
Total Revenue


Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits



Depreciation and Amortization

Officer Compensation

Net Income

Aviation - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios


Profit Margin
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Aviation - Product Mix

Product DescriptionDescriptionRevenue
($ Millions)
Industry total


Domestic, scheduled passenger transportation by air
International, scheduled passenger transportation by air
Domestic, nonscheduled passenger transportation by air
International, scheduled freight transportation by air
Air transportation related services, nec
Non-scheduled transportation of general freight, by air
Domestic, scheduled freight transportation by air
International, nonscheduled passenger transportation by air
Specialty flying services

Aviation - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations2%


Chief Executives0%
General and Operations Managers1%
Office and Administrative Support Occupations26%
Information and Record Clerks19%
Reservation and Transportation Ticket Agents and Travel Clerks17%
Reservation and Transportation Ticket Agents and Travel Clerks17%
Material Recording, Scheduling, Dispatching, and Distributing Workers6%
Installation, Maintenance, and Repair Occupations10%
Vehicle and Mobile Equipment Mechanics, Installers, and Repairers8%
Aircraft Mechanics and Service Technicians8%
Aircraft Mechanics and Service Technicians8%
Transportation and Material Moving Occupations57%
Air Transportation Workers43%
Aircraft Pilots and Flight Engineers18%
Airline Pilots, Copilots, and Flight Engineers16%
Commercial Pilots28%
Flight Attendants24%
Flight Attendants24%
Material Moving Workers9%
Laborers and Freight, Stock, and Material Movers, Hand7%

Government Contracts

In the past, the federal government spent an annual total of $3,526,719,112 on the aviation industry. It has awarded 6,463 contracts to 510 companies, with an average value of $6,915,136 per company.

Aviation and Adjacent Industries - Top Companies

($ Millions)


Aviation Industry Research
GeographyUnited States  
Publication DateJune 2024
Report FormatPDF Download  PDF

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