Asia-Pacific and Latin American operators led passenger growth rates among low-cost carriers over the last 12 months as emerging markets continue to embrace low-fares traffic during 2010.
Low-cost carriers across Asia-Pacific enjoyed double-digit growth last year, as passenger numbers across grew nearly a third to 141.6 million among the Asia-Pacific carriers sampled in the latest Airline Business low-cost carriers survey. Indian carriers continued their strong growth, while the likes of AirAsia, Jetstar and Tiger all continued to expand their brand beyond their home markets. Asia-Pacific operators now account for more than a fifth of global low-cost carrier traffic this year's survey shows.
Open the interactive low-cost special edition here |
Passenger levels grew at a steadiey rate, albeit on a larger base, in the more mature markets of Europe and North America - which together account for almost two-thirds of all low-cost carrier passengers. This helped contribute to an overall 15.7% jump in passenger numbers among 70 airlines figures were available for.
Check out our new low-cost carrier special interactive edition of Airline Business for a breakdown of the different growth pace and dynamics in play across the regions.
For more on the challenges facing the low-cost sector and developments in the Asian market, also check out our recent analysis here
Source: Airline Business