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Air Travel Payment Practices Report 2020

•By PaymentCheck•Reports

UK Air Travel Sector Shows Decent Payment Performance in 2020, But Huge Disparities Exist

The Numbers

  • 58 companies analyzed in the UK Air Travel sector.
  • Average PaymentCheck Score: 61.1/100.
  • UK Average PaymentCheck Score across all sectors: 50.0/100.
  • Air Travel sector's average is 11.1 points above the UK average.
  • Top payer: MARTIN-BAKER AIRCRAFT COMPANY LIMITED with a score of 93.7/100.
  • Bottom payer: SAFRAN SEATS GB LIMITED with a score of 3.4/100.
  • East Midlands average (1 company): 92.6/100.
  • South East average (15 companies): 71.1/100.
  • London average (15 companies): 70.4/100.
  • East of England average (5 companies): 65.1/100.
  • North East average (2 companies): 57.0/100.

What Stands Out

While the UK Air Travel sector outperforms the national average in payment practices, there's a stark contrast between the best and worst payers, highlighting inconsistent financial responsibility within the industry. The regional data is skewed by small sample sizes, particularly in the East Midlands, making it difficult to draw definitive conclusions about regional payment cultures.

Best Payers

  1. MARTIN-BAKER AIRCRAFT COMPANY LIMITED - 93.7/100
  2. EAST MIDLANDS INTERNATIONAL AIRPORT LIMITED - 92.6/100
  3. HEATHROW AIRPORT LIMITED - 92.1/100
  4. STANSTED AIRPORT LIMITED - 91.3/100
  5. OFFSHORE HELICOPTER SERVICES UK LIMITED - 90.73/100

Worst Payers

  1. SAFRAN SEATS GB LIMITED - 3.4/100
  2. THOMPSON AERO SEATING LIMITED - 10.2/100
  3. MEGGITT PLC - 17.7/100
  4. GE AVIATION SYSTEMS LIMITED - 33.4/100
  5. IRVINGQ LIMITED - 34.6/100

Regional Patterns

The South East and London, with 15 companies each, recorded similar averages of 71.1/100 and 70.4/100 respectively. The North East, with only two companies surveyed, shows a below-average score of 57.0/100, indicating potential challenges with payment practices in that region.

If you're struggling with late payments, a late payment calculator can help you understand the potential impact.

One-line takeaway: Despite an overall score of 61.1/100, the 90.3-point difference between the best and worst individual payers underscores a significant issue of payment disparity within the UK Air Travel sector in 2020.