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What is the market share of Asian LCCs?
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What percentage of Asia Pacific seats are LCCs?
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What is the global low-cost carrier (LCC) market?
Dec 18, 2023 · On the regional distribution, the market share of low-cost carriers in South East Asia was the largest compared to the other regions, holding over half of the market share as of March 2022.
Jan 17, 2019 · Low-cost carriers (LCCs) in Asia have experienced rapid growth, accounting for 29% of seat capacity in 2018, compared to virtually zero in 1998, with China having a relatively weak LCC presence. Seven Asian markets now have domestic LCC penetration rates above 50%.
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%.
Sep 30, 2024 · The global low cost carrier market size was valued at USD 270.42 billion in 2023 and is projected to grow from USD 316.97 billion in 2024 to USD 1054.19 billion by 2032, exhibiting a CAGR of 16.2% over the forecast period. Asia Pacific dominated the low cost carrier market with a market share of 38.73% in 2023.
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- Globally, Lccs Are Expanding Much Faster Than FSCS
- Lccs Expand Rapidly Within Asia Pacific
- Asia Pacific's LCC Penetration Rate Approaches The Global Average
- Latin America's LCC Penetration Rate Increases Rapidly
- Middle East Lccs Grow Rapidly But The Penetration Rate Remains Low
- Africa LCC Growth Has Been Painfully Slow
- Europe Has The World's Highest Short Haul LCC Penetration Rate
- North American LCC Growth Slows to A Crawl
- Emerging Markets to Drive LCC Growth
LCCs accounted for 33% of intra-regional seat capacity in 2018 and 13% of seat capacity between regions, according to CAPA and OAGdata. The gains this decade have been similar in both segments. In 2009 LCCs accounted for 25% of intra-regional seat capacity, equating to a gain of 8ppts. Annual LCC intra-regional seat capacity had doubled over the ni...
Among all the regions, Asia Pacific has had the biggest gain in intra-regional LCC penetration rate this decade. LCCs accounted for 29% of seats within Asia Pacificin 2018, compared to 16% in 2009 - a gain of 13ppts. LCC (red) and FSC seats (green) within Asia Pacific: 2009 to 2018 Source: CAPA - Centre for Aviation & OAG. The gain in LCC penetrati...
Asia Pacific has accounted for the largest growth in terms of total LCC seats. Asia Pacific LCC seats have nearly quadrupled since 2009, while FSCseats have grown rapidly (but not nearly as fast) and more than doubled. In 2018, LCCs accounted for 586 million seats in Asia Pacific- consisting of 575 million within the region and 11 million to/from t...
After Asia Pacific the region that has experienced the largest gains in intra-regional LCC penetration rates this decade is Latin America. LCCs accounted for 36% of seats within Latin America in 2018, compared to 25% in 2009. This equates to a gain of 11ppts, in comparison with the 13ppts for Asia Pacific. LCC (red) and FSC seats (green) within Lat...
Middle East has had the third highest gains in intra-regional LCC penetration rate. LCCs accounted for 17% of seat capacity within the Middle Eastin 2018, compared to 8% in 2009. LCC (red) and FSC seats (green) within the Middle East: 2009 to 2018 Source: CAPA - Centre for Aviation & OAG. While the 9ppts gain is respectable, the 17% achieved in 201...
Africa is another emerging market with huge LCC potential. However, so far LCC expansion in Africa has been extremely slow, leaving Africawith by far the lowest intra-region LCC penetration rate. LCCs accounted for only 12% of seat capacity within Africa in 2018. The LCC penetration rate has only increased by 3ppts since 2009, when LCCs accounted f...
Europehas the highest LCC penetration rate in the world, but growth is slower than in most of the other regions - as would be expected for a mature market. LCCs accounted for 41% of seats within Europe in 2018, compared to an already high 34% in 2009. LCC seat capacity within Europe has increased by 78% over the past nine years, whereas FSCcapacity...
North Americahas had the slowest rate of LCC growth this decade. This is not surprising, given that it is a mature market and is the only market that until recently did not have any LCC start-up activity. The last start-up in the US, Virgin America from 2007, was acquired by the full service airline Alaska Airlines in 2016. Canadahas had a spate of...
The US LCC sector could be on the cusp of a new expansion phase as JetBlue will likely become the first US LCC to operate across the Atlantic and JetBluefounder David Neeleman is preparing to launch a new airline (under the project name Moxy). However, these developments will have a relatively small impact on global LCC seats. The emerging markets ...
After taking full effect in 2015, the ASEAN Open Skies agreement clearly enabled an influx of LCCs with their numbers steadily increasing, even though their market share fluctuates across countries. For example, in China, their market share is just 11%, but in South Korea, they hold 53%.
Apr 16, 2024 · While the largest low cost carrier market is Europe, the leading low cost carrier both in terms of the number of seats offered and revenue generated is the U.S. carrier Southwest Airlines.
