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- The analysis determined that the development of low-cost carriers in the Asia-Pacific region has had 19 beneficial impacts on the tourism sector, economic activities and social welfare, as shown by increased tourism demand, the stimulation of regional economic growth, reduced airfares and improved affordability of air travel for lower-income to middle-income communities.
www.tandfonline.com/doi/full/10.1080/13683500.2024.2413669Impacts of low-cost carriers’ development in the Asia-Pacific ...
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What is the share of LCCs in Asia?
Sep 2, 2013 · While Southeast Asia has a remarkably high LCC presence of almost 50% – meaning more than half of total seats are sold by low-cost carriers – North Asia still has an extremely low LCC ...
In Africa, where market access barriers remain high, the share of LCCs within the region is at 9%. In Asia, the LCC share in 2015 accounts for 23%.
How is the LCC surge affecting individual Asian markets? Cambodia only has one low-cost carrier, launched in 2017, but it has yet to have a major impact on the market. It operates a fleet of just four aircraft and accounts for only 4% of flight departures across Cambodia’s key markets.
Apr 4, 2024 · The analysis determined that the development of low-cost carriers in the Asia-Pacific region has had 19 beneficial impacts on the tourism sector, economic activities and social welfare, as shown by increased tourism demand, the stimulation of regional economic growth, reduced airfares and improved affordability of air travel for lower-income to ...
- Rapid Growth Fuelled by New Middle-Classes and A Desire to Travel
- Intense Competition and Diversification
- AirAsia Soon with Own Currency
- New Conglomerates, Geographic Markets, and Consumer Segments
- Low Cost Carriers Asia: Cautious Forecasts For 2020
By early 2019, CAPA declared Asia Pacific the world’s largest LCC market and pointed to the rapid growth in the region. In 2009 there were still only 400 LCC aircraft, there are now 1,900 with a further 2,400 aircraft on orderfor Asia’s low cost carriers. The Asia Pacific region made up 35% of global LCC seats in 2018. The Organisation for Economic...
It’s not all easy flying across Asia’s aviation industry though. Competition is intense and internal economic pressures within some Asian countries as well as the US-China tradewar and tariffs and tensions within the region have an impact. A weaker South Korean economy, as per Nikkei Asian Review, as well as “excessive competition” is contributing ...
AirAsia is looking to diversify, driving its digital and ancillary businesses which group CEO Tony Fernandes says has “the right foundations” and he expects the segments to eventually contribute “up to 70% to earnings,” as per Nikkei. The company hopes to become a one-stop travel and lifestyle platform including adding a payment platform, BigPay, w...
Finance professor and ISTAT Aviation Appraiser David Yu, writing for Forbes in September, says Asia’s carriers “have been transforming themselves into conglomeratesby adopting an expansive array of brands, strategies, operations and shareholding structures.” Instead of a single strategy, such as LCC or traditional full-service airline operation, ma...
Lion Air has developed full-service or hybrid subsidiaries, Batik Air and Malindo Air. Qantas, traditionally full service, expanded with LCC brand Jetstar. Singapore Airlines founded LCC Scoot for medium and long-haul routes. Cathay Pacific has recently acquired LCC HK Express. China’s airlines, all traditionally full-service, are beginning to crea...
Mar 1, 2021 · This paper provides an overview of the development of the low-cost carrier (LCC) sector in China, Japan, and South Korea. •. The LCCs contribute to the increase in passenger traffic and reduction in airfares in Northeast Asia's intra-markets. •.
Dec 16, 2022 · Asia-Pacific LCCs are rapidly increasing their capacity to capitalize on surging leisure demand. Leisure travel is rebounding faster than business and premium travel in the region. LCC subsidiaries of legacy airline groups are expected to play a larger role in future network strategies.
