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Aviation

Take to the skies

Companies from all transport sectors are facing significant challenges arising from the global ‘credit crunch’ and its impact on business and consumer confidence alike. The challenges posed by the current economic climate, tougher competitive environment and regulatory changes require the very best professional service providers dedicated to helping these companies succeed. We already advise many of the industry’s key players on the significant issues it faces. 

All of the UK’s leading aviation and transport companies – including both major UK airport operators and the majority of the UK’s biggest airlines – choose Deloitte as a provider of professional services. We are the number one professional services firm globally for aviation and transport clients, providing a broad range of services to companies across the aviation sector, including airlines, airports, ground handlers, air traffic controllers and Civil Aviation Authorities. 

Research & insight

  • UK Budget 2014 - The implications for Travel, Hospitality & Leisure
    The Chancellor made a number of announcements in the March 2014 UK Budget Report which will affect the Travel, Hospitality & Leisure industry. To find out more about these announcements please read our summary.
  • In-flight Entertainment – Still entertained?
    In-flight Entertainment (IFE) is no longer just a way entertaining passengers with a select choice of audio and video offerings. IFE systems are now cutting edge entertainment suites, they are an office in the sky, a way of staying in touch with those on the ground and most importantly to the airlines themselves.
  • The Travel Weekly Insight Annual Report 2013
    Deloitte are proud sponsors of the second Travel Weekly Insight Annual Report 2013 which provides an in-depth overview of the UK travel market in the context of the global economic and political landscape. For a hard copy of the report, please contact us with your full contact details.
  • Aircraft fleet planning – a new perspective
    In the face of extraordinary uncertainty, airlines are seeking to implement rigorous yet practical approaches to assessing value potential from available fleet options.

Issues, trends & solutions

  • Processing insurance claims
    Although the dust has now settled following the Iceland volcano back in April 2010, many parts of the industry are still counting the cost of its impact and furthermore having to deal with a significant volume of dubious claims.
  • Mergers, acquisitions and disposals
    Whilst most other industries have shown an abrupt halt to the number of mergers and acquisitions taking place, the desperate need for most airlines to reduce their cost base and achieve synergies with competitor airlines continues unabated.
  • Landing slot valuations
    For many airlines landing slots are one of their most significant assets. However, the market in airport landing slots is still maturing and valuation is a complex and sometimes controversial subject. It requires an in-depth understanding of the relevant market and the asset, together with financial and non-financial information.
  • Hedging strategy
    To hedge or not to hedge, that is the question. Both fuel prices and currencies have fluctuated wildly as a result of the turmoil in global markets and, with cost management becoming increasingly important to airlines in terms of managing their cost base, effective hedging enables management to plan ahead.
  • Cost reduction
    The aviation sector, now that it is seeing a decline in revenues, especially as people are largely not choosing to fly at the front of the aircraft, needs to focus on cost reduction methodologies and related solutions.
  • Regulatory and banking issues/Distress
    High profile failures such as silverjet, Zoom and XL have demonstrated how susceptible airlines can be to significant downturns in business coupled with rapidly rising costs. 
  • Aviation emissions and fleet strategy
    Aviation emissions are damaging to the environment, and the sector will be a growing contributor to global warming over the coming years. 
  • Aircraft maintenance
    From our continued review of airline financial reporting we continue to see inconsistencies in accounting for maintenance and in some cases incorrect accounting in terms of compliance with recognised accounting practices.

Our clients

Deloitte in the Aviation & Transport Services sector:

  • We serve 9 of the world’s top 10 passenger airlines (encompassing 85% of all passengers carried in the UK) and 15 of the top 20.
  • We provide audit and/or other services to 7 of the 10 oneworld members, 12 of the 17 in Star Alliance and 8 of the 9 in SkyTeam.
  • We sit as a Strategic Partner on many of IATA’s committees, including Tax and FinCom;
  • We work closely with the IAAIA (International Association of Airline Internal Auditors);
  • We serve 91% of the Aviation & Transport companies included in the Fortune Global 500.

Useful links

  • Meet the team
  • Research & publications
  • In the press
  • Careers
  • Submit a request for proposal
  • Contact us

Highlights

  • Sponsoring the British Travel Awards
    Deloitte is proud to continue our sponsorship of the British Travel Awards.

Key contacts

  • Charles Morelli
    Director,
    Aviation Leader
  • Graham Pickett
    Lead Partner
    Travel, Hospitality & Leisure

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