Tuesday, October 16, 2018

India leads in low-cost carrier growth: CAPA

India has emerged as the fastest growing low-cost carrier (LCC) market in the world by recording the largest increase (an additional 15.6 million) in departure seats in the first nine months of this year, aviation consulting and research firm Centre for Asia Pacific Aviation (CAPA) said.
Indian has also reinforced its position as the second largest LCC country market, it said.
“It [the LCC market in India] also had the largest year-on-year rise among the top ten country markets, up 20.7%,” CAPA said in a report. Double-digit rises were also recorded in the top ten by China (+19.1%), Germany (+18.7%) and Thailand (+16.5%). The U.S., where the model was born, remains the largest LCC market at more than two-and-a-half times the size of the emerging Indian market.
CAPA said almost 115 million additional seats were offered by LCCs around the world during the first nine months of 2018, versus the same period last year. This is a 10.1% rise to over 1.25 billion global seats (over 4.5 million seats per day).
16/10/18 The Hindu
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