Global Low Cost Airlines Market-Market Overview and Insights for Low-Cost Airlines to 2024

Global Low Cost Airlines Market-Market Overview and Insights for Low-Cost Airlines to 2024

  • GlobalData
  • October 2020
  • Retail
  • 40 pages

Report Description

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Global Low Cost Airlines Market - Market Overview and Insights for Low-Cost Airlines to 2024

Summary

GlobalDatas 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 segments leading players and looks at how companies can better meet their customers' needs.

Key Highlights

- The ban on air travel for several months on both domestic and international flights severely impacted the aviation industry in 2020. Restrictions have been lifted in a phased manner, yet many customers still refrain from traveling unless it is absolutely necessary.
- Business travel is anticipated to take longer to recover than VFR and leisure. Travelers may still choose to fly for personal reasons post-pandemic. Companies on the other hand are likely to reduce their budgets for business travel saving costs, instead utilizing technology for meetings, etc.
- United States (US) continues to hold its top spot in terms of seats sold in the world, followed by Spain and the UK. The increase in the number of seats sold is primarily attributed to the expansion of ultra low-cost carriers such as Spirit and Allegiant.
- Covid-19 has caused colossal damage for the entire aviation industry, but low-cost airlines may be in a better position in comparison to full-service carriers. LCCs generally over more short-haul routes including domestic travel.

Scope

- GlobalDatas 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 segments 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 LCC market
- Understand the demand-side dynamics within the industry to identify key trends and growth opportunities
- Gain an understanding of the outlook forregional markets and learn from existing successes and our recommendations.

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