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Sector Analysis
Low Cost Airlines Market Size and Forecast, Key Trends, Company Profiles, 2023-2027
Low-cost Airlines Report Overview Low-cost airlines revenue was $146.60 billion in 2022. Although the revenue is lower than the pre-pandemic level in 2019, it is gradually recovering as various countries started easing travel restrictions and encouraging international travel post-pandemic. The market is expected to grow at a CAGR of more than 13% from 2022 to 2027. Furthermore, growth in the aviation industry has been positively impacted by technological developments in aircraft design and operation. Airlines' operational costs are lowered by...
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Analyst Opinions
Global Low Cost Airlines Market to 2022: Market overview and insights for low-cost airlines
GlobalData’s "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. United States (US) had the highest number...
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Sector Analysis
The Global Low-Cost Airline Market to 2020
In terms of seat capacity, the global low cost carrier (LCC) industry is expanding. According to the International Air Transport Association (IATA), LCCs hold 26% share in Asia-Pacific, 54% in Southeast Asia, and 26% globally. More than 12 airlines started operating in Asia-Pacific during the period 2005–2015. The fast growth in Asia-Pacific can be attributed to the fact that it has some of the fastest-growing economies including China and India