The publisher's Low Cost Airline Market report provides in-depth analysis of the key market trends that are shaping the future of this segment and an analysis of the low cost airline market globally. Detailed market insight is provided on the Americas, Asia-Pacific, Middle East & Africa, and Europe. It also features profiles of some of the segment's leading players and looks at how companies can better meet their customers' needs.
Key Highlights
- In 2021, the US continued to be the number one low-cost carrier (LCC) market in terms of seats sold. With 212.3 million seats sold in 2021, the number of passengers carried had a huge jump from 2020 with a growth rate of 83.8% year-over-year (YoY) and a recovery to pre-pandemic levels of 77.6%.
- Post-COVID recovery of the airline sector is likely to be led by LCCs. The operational responsiveness and cost-cutting measures have helped the LCCs address the sudden increase in demand when the travel restrictions were eased. With more travelers opting for affordability over luxury, the LCCs are at an advantage. The point-to-point route operations adopted by the LCCs are making the scale-up process easy and quick as the demand is restored.
- Though the aviation sector faced severe losses during the pandemic, it did not stop startup airlines from commencing their operations. The LCC sector witnessed the launch of new airlines, and few are yet to be launched. Between January 2020 and September 2022, more than 17 LCC startups commenced their operations and, more than seven are in the pipeline. Existing airlines had to cut down several aircrafts and minimize their workforce during the pandemic, leaving the newcomers at an advantage of entering the market by buying those aircrafts and hiring experienced aviation employees at a cheaper rate. The existing players also had to reduce the number of routes to save money, which gave the newcomers an edge.
Scope
- The publisher's Low Cost Airline Market report provides in-depth analysis of the key market trends that are shaping the future of this segment and an analysis of the low cost airline market globally.
- Detailed market insight is provided on the Americas, Asia-Pacific, Middle East & Africa, and Europe. It also features profiles of some of the segment's leading players and looks at how companies can better meet their customers' needs.
Reasons to Buy
- Understand the impact of COVID-19 on this market
- Gauge which are the biggest and most promising regional markets for the low cost airlines market
- Understand the demand-side dynamics within the industry to identify key trends and growth opportunities
- Gain an understanding of the outlook for regional markets and learn from existing successes and our recommendations.
Table of Contents
- Snapshot
- Key Trends
- Deals
- Key Insights
- Americas
- Asia-Pacific
- Europe
- Middle East and Africa
- Outlook
- Company Profiles
- Southwest Airlines
- Ryanair Holdings
- easyJet
- AirAsia
- Indigo Airlines
- Appendix
- References
- Terminology and definitions
- About the Publisher
Figure 1: Top LCC Markets in 2021, number of seats sold (M)
Figure 2: Top LCC Markets in 2021, number of seats sold (M)
Figure 3: Top five Americas markets: Number of seats sold, LCC (M)
Figure 4: Top five Americas markets: Load Factor (%), LCC
Figure 5: Top five Asia-Pacific markets: Number of seats sold, LCC (M)
Figure 6: Top five Asia-Pacific markets: Load Factor (%), LCC
Figure 7: Top five Europe markets: Number of seats sold, LCC (M)
Figure 8: Top five Europe markets: Load Factor (%), LCC
Figure 9: Top five Middle East & Africa markets: Number of seats sold, LCC (M)
Figure 10: Top five Middle East & Africa markets: load factor (%), LCC
Figure 11: Top 10 LCC markets by total number of seats sold, 2021 versus 2025 (M)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Ryanair
- easyJet
- Southwest Airlines
- IndiGo
- AirAsia
- Allegiant
- Spirit
