Overview of the Global Low Cost Airlines Market to 2027


DUBLIN, August 23, 2022 /PRNewswire/ — The report “Low-Cost Airline Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” has been added to from ResearchAndMarkets.com offer.

The global market for low cost airlines has reached a value of US$172.54 billion in 2021. Looking ahead, the publisher expects the market to reach a value of US$302.85 billion by 2027, posting a CAGR of 9.83% over the period 2021-2027. Keeping in mind the uncertainties of COVID-19, we continuously monitor and assess the direct and indirect influence of the pandemic. This information is included in the report as a major market contributor.

Also known as low-cost airlines or no-frills carriers, low-cost airlines offer fewer short-haul amenities than conventional full-service airlines. These airlines are affordable, but they charge each item separately, such as food, beverages, advance boarding, carry-on baggage, and car rental services, to generate non-ticket revenue.

They also use single-type aircraft with minimal equipment to reduce weight, acquisition and maintenance costs while increasing fuel efficiency. They operate in less congested secondary airports to reduce airport charges, air traffic, delays and ground time between flights.

A significant increase in domestic travel and tourism represents one of the major factors supporting the growth of the market. In addition, major airlines offer tickets directly over the phone or the Internet and eliminate the role of third-party agencies, reducing the cost of transactions and services.

This, coupled with the widespread adoption of ticketless travel and increasing internet penetration, is contributing to the growth of the market. Additionally, these airlines operate via point-to-point non-stop flights that help reduce travel time and allow better utilization of aircraft.

Moreover, the increasing attention of business travelers to reducing travel time and costs is positively influencing the market. The focus of market players on providing discount fares for early bookings while improving passenger connectivity is driving the market forward.

However, the decline in the number of commercial flights due to the spread of the coronavirus disease (COVID-19) and several measures taken by government agencies to prevent the spread of the pandemic are negatively influencing the market. The market will see growth once travel restrictions are lifted.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of major players i.e. Air Arabia PJSC, Alaska Airlines Inc., Capital A Berhad (Tune Group Sdn Bhd), easyJet plc, Go Airlines (Wadia Group) , IndiGo, Jetstar Airways Pty Ltd (Qantas Airways Limited), Norwegian Air Shuttle ASA, Ryanair Holdings PLC, Southwest Airlines Co., SpiceJet Limited, Spirit Airlines Inc. and WestJet Airlines Ltd.

Answers to key questions in this report:

  • How has the global low-cost airline market behaved so far and how will it behave in the years to come?
  • What has been the impact of COVID-19 on the global low cost airline market?
  • What are the main regional markets?
  • What is the breakdown of the market according to purpose?
  • What is the market breakdown by distribution channel?
  • What is the market breakdown by destination?
  • What are the different stages of the industry value chain?
  • What are the key drivers and challenges in the industry?
  • What is the structure of the global low cost airline market and who are the major players?
  • How competitive is the industry?

Main topics covered:

1 Preface

2 Scope and methodology

3 Executive summary

4 Presentation
4.1 Overview
4.2 Key Industry Trends

5 Global Low Cost Airlines Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakdown by Purpose
6.1 Pleasure Travel
6.1.1 Market trends
6.1.2 Market Forecast
6.2 VFR
6.2.1 Market trends
6.2.2 Market Forecast
6.3 Business travel
6.3.1 Market trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market trends
6.4.2 Market Forecast

7 Market Breakdown by Distribution Channel
7.1 Online
7.1.1 Market trends
7.1.2 Market Forecast
7.2 Travel agency
7.2.1 Market trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market trends
7.3.2 Market Forecast

8 Market Breakdown by Destination
8.1 Domestic
8.1.1 Market trends
8.1.2 Market Forecast
8.2 International
8.2.1 Market trends
8.2.2 Market Forecast

9 Market Breakdown by Region

10 SWOT Analysis

11 Value chain analysis

12 Analysis of the five forces of carriers

13 Price Analysis

14 Competitive landscape
14.1 Market structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Air Arabia PJSC Company overview Product portfolio Finance
14.3.2 Alaska Airlines Inc. Presentation of the company Product portfolio Finance SWOT Analysis
14.3.3 Capital A Berhad (Tune Group Sdn Bhd) Company overview Product portfolio
14.3.4 easyJet plc Company Overview Product portfolio Finance
14.3.5 Go Airlines (Wadia Group) Company Overview Product portfolio
14.3.6 IndiGo Company Overview Product portfolio Finance
14.3.7 Jetstar Airways Pty Ltd (Qantas Airways Limited) Company Overview Product portfolio
14.3.8 Norwegian Air Shuttle ASA Company Overview Product portfolio Finance
14.3.9 Ryanair Holdings PLC Company Overview Product portfolio Finance SWOT Analysis
14.3.10 Southwest Airlines Co. Company Overview Product Portfolio Finance SWOT Analysis
14.3.11 SpiceJet Limited Company Overview Product Portfolio Finance
14.3.12 Spirit Airlines Inc. Company Overview Product Portfolio Finance SWOT Analysis
14.3.13 WestJet Airlines Ltd. Company Overview Product portfolio SWOT Analysis

For more information about this report visit https://www.researchandmarkets.com/r/zheroy

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