Global Low Cost Airlines Market: Market overview and insights for low-cost airlines to 2023
GlobalData’s Low Cost Airline Market report provides in-depth analysis of the key market trends that are shaping the future of this segment and an analysis of the low cost airline market globally. Detailed market insight is provided on the Americas, Asia-Pacific, Middle East & Africa, and Europe. It also features profiles of some of the segment’s leading players and looks at how companies can better meet their customers' needs.
United States (US) recorded the highest number of seats sold in 2018, followed by Spain and the UK. The increase in the number of seats sold is primarily attributed to a rise in domestic demand.
In 2018, Spain had the highest number of seats sold in the European region, followed by the UK, Italy, and Germany. In 2018, in terms of the number of seats sold, LCCs accounted for 55.1% of the total Spanish aviation market.
With the increase in middle-income group consumers and growing demand for low-cost air tickets, the LCC 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 is likely to boost this segment.
Apart from the three main markets of Brazil, Mexico and Colombia, LCCs have started to penetrate the domestic markets of Chile, Peru and Argentina. Weak currency and economic uncertainties discourage travelers in Argentina to go abroad, this helped the domestic travel on LCC carriers.
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