Table of Contents
Executive Summary 2
Market value 2
Market value forecast 2
Market volume 2
Market volume forecast 2
Category segmentation 2
Geography segmentation 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 8
Market value 8
Market volume 9
Market Segmentation 10
Category segmentation 10
Geography segmentation 11
Market Outlook 12
Market value forecast 12
Market volume forecast 13
Five Forces Analysis 14
Summary 14
Buyer power 15
Supplier power 17
New entrants 19
Threat of substitutes 21
Degree of rivalry 22
Leading Companies 24
International Consolidated Airlines Group, SA 24
South African Express Airways (Pty) Ltd 27
South African Airways (Proprietary) Limited 28
Macroeconomic Indicators 31
Country data 31
Methodology 33
Industry associations 34
Related MarketLine research 34
Appendix 35
About MarketLine 35

List of Tables
Table 1: South Africa airlines industry value: $ million, 2012-16 8
Table 2: South Africa airlines industry volume: million passengers, 2012-16 9
Table 3: South Africa airlines industry category segmentation: million passengers, 2016 10
Table 4: South Africa airlines industry geography segmentation: $ million, 2016 11
Table 5: South Africa airlines industry value forecast: $ million, 2016-21 12
Table 6: South Africa airlines industry volume forecast: million passengers, 2016-21 13
Table 7: International Consolidated Airlines Group, SA: key facts 24
Table 8: International Consolidated Airlines Group, SA: key financials ($) 25
Table 9: International Consolidated Airlines Group, SA: key financials (€) 25
Table 10: International Consolidated Airlines Group, SA: key financial ratios 25
Table 11: South African Express Airways (Pty) Ltd: key facts 27
Table 12: South African Airways (Proprietary) Limited: key facts 28
Table 13: South African Airways (Proprietary) Limited: key financials ($) 29
Table 14: South African Airways (Proprietary) Limited: key financials (ZAR) 29
Table 15: South African Airways (Proprietary) Limited: key financial ratios 29
Table 16: South Africa size of population (million), 2012-16 31
Table 17: South Africa gdp (constant 2005 prices, $ billion), 2012-16 31
Table 18: South Africa gdp (current prices, $ billion), 2012-16 31
Table 19: South Africa inflation, 2012-16 32
Table 20: South Africa consumer price index (absolute), 2012-16 32
Table 21: South Africa exchange rate, 2012-16 32

List of Figures
Figure 1: South Africa airlines industry value: $ million, 2012-16 8
Figure 2: South Africa airlines industry volume: million passengers, 2012-16 9
Figure 3: South Africa airlines industry category segmentation: % share, by volume, 2016 10
Figure 4: South Africa airlines industry geography segmentation: % share, by value, 2016 11
Figure 5: South Africa airlines industry value forecast: $ million, 2016-21 12
Figure 6: South Africa airlines industry volume forecast: million passengers, 2016-21 13
Figure 7: Forces driving competition in the airlines industry in South Africa, 2016 14
Figure 8: Drivers of buyer power in the airlines industry in South Africa, 2016 15
Figure 9: Drivers of supplier power in the airlines industry in South Africa, 2016 17
Figure 10: Factors influencing the likelihood of new entrants in the airlines industry in South Africa, 2016 19
Figure 11: Factors influencing the threat of substitutes in the airlines industry in South Africa, 2016 21
Figure 12: Drivers of degree of rivalry in the airlines industry in South Africa, 2016 22
Figure 13: International Consolidated Airlines Group, SA: revenues & profitability 26
Figure 14: International Consolidated Airlines Group, SA: assets & liabilities 26
Figure 15: South African Airways (Proprietary) Limited: revenues & profitability 30
Figure 16: South African Airways (Proprietary) Limited: assets & liabilities 30

Companies Mentioned
• International Consolidated Airlines Group, S.A.
• South African Express Airways (Pty) Ltd
• South African Airways (Proprietary) Limited