Global Low Cost Airlines Market to 2022: Market overview and insights for low-cost airlines
United States (US) had the highest number of seats sold in 2017, followed by the UK and Spain. The increase in the number of seats sold is primarily attributed to the rise in domestic demand. Southwest Airlines continues to dominate the LCCs market in the US.
In 2017, United Kingdom (UK) had the highest number of seats sold in the European region, followed by Spain, Italy, and Germany. In terms of the number of seats sold, LCCs accounted for 43.9% of the total UK flight market. The number of seats sold in the UK will grow at a CAGR of 7.1% during the year 2017-2022.
With the rise in middle-income group consumers and an increase in demand for low-cost air tickets, the LCCs market in India witnessed the highest number of seats sold in the Asia-Pacific region. Moreover, the Indian Government scheme to expand and develop aviation infrastructure in the country will boost this segment.
Despite poor performance in terms of on-time arrival or departure and safety concerns2, Lion Air continues to dominate the LCCs market in Indonesia. It expanded its fleet size and routes in a bid to compete with rivals in the Indonesian market. The outlook for Indonesia’s LCC aviation industry is positive as the airlines are adapting well to the current market demands. The rise in Indonesia’s middle-income class and the growing number of low-cost carriers is another decisive factor.
Global Low Cost Airlines Market to 2022, report provides in-depth analysis of the key market trends that are shaping the future of this segment and analysis of the low cost airline market globally. Detailed market insight is provided on regions like The Americas, Asia-Pacific, Middle East & Africa, and Europe. Also, company profiles for low cost airlines are provided and how companies can tap into this to better meet their customers' needs.
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