NAICS 4881 - Support Activities for Air Transportation
This industry group comprises establishments primarily engaged in providing services to the air transportation industry. These services include airport operation, servicing, repairing (except factory conversion and overhaul of aircraft), maintaining and storing aircraft, and ferrying aircraft.
Industry trends:
NAICS 4881, which covers Support Activities for Air Transportation, has been experiencing several notable qualitative trends. One significant trend is the increasing integration of advanced technologies such as artificial intelligence (AI) and machine learning to streamline operations and enhance efficiency. These technologies are being used for predictive maintenance, optimization of flight paths, and improved ground handling processes.
Another trend is the heightened focus on sustainability and reducing carbon footprints. Support activities are increasingly adopting greener practices such as using electric ground support equipment and implementing more efficient logistics to minimize fuel consumption.
There is also a growing emphasis on enhancing passenger experience through improved ancillary services, such as better baggage handling systems and more coordinated ground transportation options. These enhancements aim to reduce wait times and improve overall satisfaction.
Looking ahead, the industry is forecasted to continue its technological advancements, with a significant rise in the use of automation and data analytics to further optimize operations and reduce costs. Additionally, investments in sustainability are expected to grow, driven by regulatory pressures and increasing environmental awareness among consumers. The COVID-19 pandemic has accelerated some of these changes, making adaptability and resilience key focus areas for future growth in the sector.
This industry is comprised of:
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.