Global Low-Cost Carrier Market 2015-2019
About Low Cost Carriers
LCCs also known as no-frills or budget carriers are the airlines that offer economical airfares. They maintain efficiency and lean operating costs through various measures such as flight operations from secondary airports, standard fleet of similar aircraft, fast turnaround times, distribution through direct channels, and strict cost cutting measures.
TechNavio's analysts forecast the Global Low Cost Carrier market to grow at a CAGR of 10.42 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global Low Cost Carrier market for the period 2015-2019. It presents a global overview of the market as well as the market shares and growth prospects of the key regions. To calculate the market size, the report considers the available seat capacity of the global low cost carriers. This report also provides the market share of major LCCs in terms of available seat capacity. It also presents the vendor landscape and a corresponding detailed analysis of the key vendors in the market. In addition, the report discusses the major drivers that influence the growth of the market and also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.
TechNavio's report, the Global Low Cost Carrier Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, the APAC region and the EMEA region. The report also includes a discussion of the key vendors operating in this market.
TechNavio Announces the Publication of its Research Report – Global Low Cost Carrier Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global Low Cost Carrier Market: EasyJet, JetBlue Airways, Ryanair and Southwest Airlines.
Other Prominent Vendors in the market are: AirAsia, Azul (Azul Linhas Aéreas Brasileiras), Cebu Pacific Air, Flydubai, GoAir, GOL (Gol Transportes Aéreos), Indigo, Jet Lite Limited, Jetstar Airways, Lion Air, Norwegian Air Shuttle, Pegasus Airlines, Royal Air Maroc, SpiceJet, Thai AirAsia, Tigerair, Virgin Australia, WestJet Airlines and Wizz Air.
Commenting on the report, an analyst from TechNavio’s team said: “The launch of fuel efficiency initiatives is a major trend in the market. These initiatives help in reducing fuel costs and increase the operating efficiency of an airline. LCCs have been a force behind the large number of orders for new aircraft and the implementation of several fuel-efficient measures.”
According to the report, low airfares have been one of the significant competitive advantages of LCCs, when it comes to competing with full service carriers. It has enabled LCCs to grab market share from FSCs and has extensively helped in the growth of the Global Low-cost Carrier market.
Further, the report states that one of the major challenges faced by the market is that LCCs are vulnerable to economic uncertainties. This is primarily because of their low-fare business model and dependence on the Price-conscious Passenger segment. The slowdown in economic growth might affect the growth of the LCC market.
easyJet, JetBlue Airways, Ryanair, Southwest Airlines, AirAsia, Azul (Azul Linhas Aéreas Brasileiras), Cebu Pacific Air, Flydubai, GoAir, GOL (Gol Transportes Aéreos), Indigo, Jet Lite Limited, Jetstar Airways, Lion Air, Norwegian Air Shuttle, Pegasus Airlines, Royal Air Maroc,SpiceJet, Thai AirAsia, Tigerair, Virgin Australia, WestJet Airlines, Wizz Air
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