Low-cost carriers (LCCs) are responsible for a third of the world’s scheduled airline capacity today, and it looks as though they are set to continue to grow. In the last 12 months, the respective shares operated by LCCs of Flights, Seats and ASKs have increased by 2 percentage points.
The COVID-19 pandemic provided an opportunity for LCCs, like Wizz Air and Indigo, to adapt their strategies. These airlines used the pandemic to assess their markets and grow. The next few years will see them, and other LCCs, receive a significant number of aircraft, enabling them to further expand. This growth will involve continuously assessing new route opportunities and steadily encroaching on the networks of legacy carriers.
In this blog, we will explore what defines a low-cost carrier today, the key LCCs by global share of ASKs, what actually makes LCCs cheaper, and why they have been so successful.
What is a Low-Cost Carrier (LCC)?
For the traveler, these airlines may more commonly…
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