Of Low Cost Air Travel....

India is the second largest market (countrywise) for low-cost air travel and the fastest growing such market in the world.

The US, where the model was born, remains the largest low-cost carrier market and is over two-and-a-half times the size of the emerging Indian market. While Indian LCCs offered about 90 million seats in the first nine months of 2018, LCCs in the US offered 250 million seats. After India are Indonesia and Spain (over 60,000 seats each). In India, 15.6 million seats were added between January and September as compared to the same period last year.

LCCs corner 69% share in Indian aviation market

Fifteen years ago, India didn’t have a single low-cost carrier. Today, LCCs have cornered 69% market share in India, a riveting feat for a country that doesn’t yet have a low cost airport or terminal.

Worldwide, LCCs have a 29.7% seat share, a percentage more than last year, said a report by the global aviation consultancy firm Centre for Asia Pacific Aviation. “Almost 115 million additional seats were offered by LCCs during the first nine months of 2018, versus the same period last year,” it said. Even as the lines between traditional full service carriers and LCCs continue to blur, the 115 million new LCC seats have led to a 10.1% rise in seats available for booking on LCCs. Currently, LCCs worldwide operate over 1.25 billion global seats (over 4.5 million seats per day).

The data, based on flight schedules from the UK-based air travel intelligence provider OAG, showed that 18 of the world’s top 20 LCC country markets saw an increase in LCC seats during the first nine months of 2018, eleven of them at double-digit rates.

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