In terms of seat capacity, the global low cost carrier (LCC) industry is expanding. According to the International Air Transport Association (IATA), LCCs hold 26% share in Asia-Pacific, 54% in Southeast Asia, and 26% globally. More than 12 airlines started operating in Asia-Pacific during the period 2005-2015.
The US is the largest market in the world in terms of revenues and seats sold. In 2015, its revenues stood at US$31.6 billion and the number of passengers carried totaled 216.6 million. Spain and the UK held second and third position in terms of seats sold, while Japan was the fastest-growing market at a CAGR of 33.7% during the historic period (2011-2015). Switzerland (90.6%) had the highest load factor in 2015, followed by France (90.5%) and Mexico (89.9%). In terms of revenue per passenger, New Zealand was the largest market while China was the fastest-growing market at a CAGR of 3.7% during the historic period.
Canadean’s latest report ‘The Global Low-Cost Airline Market to 2020‘ provides detailed information on global low-cost airlines industry, analyzing market data and providing insights.
Price: $3,450 (Single User License)
Published: Nov 2016
Report Format: electronic pdf