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Published by: Mintel International Group Ltd.
Published: May. 1, 2008 - 63 Pages
Table of Contents
- Introduction
- Key findings
- Deregulation of European airspace
- The low-cost airline business model
- Figure 1: Summary of the LCC business model
- Data Sources
- Overview
- Rising fuel costs
- Figure 2: The weekly jet fuel price monitor*, 25 April 2008
- The outlook for GDP growth by European country
- Figure 3: Outlook for growth in GDP and private consumption, 2007-09
- Outlook for exchange rates
- Projected trend in spending on travel & tourism 2008-2018
- Europe overall
- Figure 4: Travel & tourism expenditure in Europe*, 2008-18
- Central & Eastern Europe
- Figure 5: Travel & tourism expenditure in Central & Eastern Europe*, 2008-18
- By selected country
- Austria
- Figure 6: Travel & tourism expenditure in Austria, 2008-18
- Belgium
- Figure 7: Travel & tourism expenditure in Belgium, 2008-18
- Denmark
- Figure 8: Travel & tourism expenditure in Denmark, 2008-18
- Finland
- Figure 9: Travel & tourism expenditure in Finland, 2008-18
- France
- Figure 10: Travel & tourism expenditure in France, 2008-18
- Germany
- Figure 11: Travel & tourism expenditure in Germany, 2008-18
- Ireland
- Figure 12: Travel & tourism expenditure in Ireland, 2008-18
- Italy
- Figure 13: Travel & tourism expenditure in Italy, 2008-18
- The Netherlands
- Figure 14: Travel & tourism expenditure in Netherlands, 2008-18
- Norway
- Figure 15: Travel & tourism expenditure in Norway, 2008-18
- Poland
- Figure 16: Travel & tourism expenditure in Poland, 2008-18
- Russia
- Figure 17: Travel & tourism expenditure in Russia, 2008-18
- Spain
- Figure 18: Travel & tourism expenditure in Spain, 2008-18
- Sweden
- Figure 19: Travel & tourism expenditure in Sweden, 2008-18
- Switzerland
- Figure 20: Travel & tourism expenditure in Switzerland, 2008-18
- UK
- Figure 21: Travel & tourism expenditure in the UK, 2008-18
- The European LCC Market
- Figure 22: LCCs categorised by number of flights per day, first six months of 2007 vs first six months of 2006
- Market leaders
- Figure 23: Major European LCCs ranked by 2007 passenger numbers
- Ryanair
- The ASA has accused Ryanair and easyJet
- Offer to buy Aer Lingus
- Profit warning
- easyJet
- easyJet has acquired GB Airways
- Figure 24: Key performance indicators for easyJet/GB, 2007
- Figure 25: Proforma financial results for easyJet/GB combined, 2007
- EasyJet switching to Airbus
- Air Berlin
- Third party distribution
- Figure 26: Seat-only sales by channel, 2006-07
- Figure 27: Charter sales by channel, 2006-07
- On the acquisition trail
- Condor to be acquired
- Figure 28: Air Berlin passenger numbers by geographical region of flight route, 2005-07
- Geographical Expansion
- Spain
- Vueling
- Figure 29: Key figures for Vueling, 2004-07
- Vueling merge with Clickair
- All is not well in the Spanish market, however…
- Distribution Trends
- Dynamic packaging on easyJet’s website
- An end to traditional package tours?
- Most easyJet offers are urban short-break destinations
- Intermediaries are no longer taboo
- easyJet agrees to work with travel agents
- Air Berlin gets on board with Expedia
- Airport-LCC Relations
- Fee structures and disputes
- Ryanair critical of ‘monopoly airports’
- Stansted will continue to be regulated
- Manchester “deregulated”, but under pressure from the competition
- Ryanair attracted by low fees at Birmingham
- Subsidies
- The largest LCC airports
- Figure 30: The top 25 European airports for LCC flights, first six months of 2007 vs first six months of 2006
- Top 25 low-cost destination-pairs
- Figure 31: The top 25 destination pairs for LCC flights, first six months of 2007 vs first six months of 2006
- Low-cost market share by country
- Figure 32: Low-cost market share by country, first six months of 2007 vs first six months of 2006
- What Next?
- Slowing growth rate as the sector matures
- A blurring of the lines…
- Competition with rail
- Impact of present and future environmental restrictions
- Impact of passenger rights regulations
AbstractLow-cost, or ‘budget airlines’, have been one of the main drivers of growth in intra-European travel over the past decade. However, after a period of rapid expansion, it seems that the sector is now reaching maturity and that the growth is likely to slow down in the coming years. The low-cost business model is geared to short-haul routes, which allow for a quick turnaround of aircraft. As such, LCCs are increasingly in competition with other modes of travel, especially rail, which has undergone a substantial upgrading in recent years.
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Travel Distribution and Technology - the travel trade worldwide, including the impact of new technology on travel distribution and marketing
Financial Services - ranging from tourism investment to paying for travel
Occasional Studies - other significant issues, such as the role of tourism organisations and the impact of travel on the environment.
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