Image Image Image Image Image Image Image Image Image Image

CAPA TV | November 13, 2019

Scroll to top

Top

LCCs In Asia Pacific: Two Decades Of Steady Market Share Gains

CAPA
  • On July 5, 2019

Low cost airlines were late to arrive in Asia. At the turn of the century there were only two very small LCCs operating in all of Asia Pacific, whereas LCCs had already captured significant market share in Europe and North America.

LCCs in Asia have since expanded rapidly and successfully, despite fierce resistance from legacy full service airlines. LCCs now account for nearly 30% of capacity within Asia Pacific.

There are still opportunities for further capacity share gains as several major markets in Asia remain well below the global average. China particularly is punching below its weight in terms of LCCs.

•LCCs accounted for 29% seat capacity within Asia Pacific in 2018, compared to 14% in 2008 and virtually zero in 1998.
•LCCs now account for more than 50% of domestic capacity in seven Asian markets.
•LCCs now account for more than 30% of international capacity in six Asian markets.
•Of the 20 largest markets in Asia Pacific, the international penetration rate is higher than the global average in 16 of those markets.

 

Sandeep Bahl
Director
Aviation Cooperation Program
Moderator
Alexander Lao
President and CEO
Cebgo
Panelist
Patrick Murphy
Executive Advisor
Peach Aviation
Panelist
Hyung Yi Kim
Senior Vice President
T’way Air
Panelist

Do you enjoy CAPA TV? Please spread the word!