The trend towards LCC dominance in the high growth markets of Asia looks likely to continue well into the 2020s. Since 2013 LCCs have operated more than 50% of total seats in Southeast Asia, accounting for 56% of seats in 2019. The rise and rise of millennials, bearing mobile devices is a major contributor to this.
Using aircraft orders and projected delivery dates as an indicator of the future trends, the future for Southeast Asia and South Asia looks to be with LCCs. Together, the aircraft deliveries are projected to be around 300 new aircraft every year for the next five years – for LCCs alone. These are remarkable numbers, and presage substantial market changes.
The LCCs in Asia Summit held in Singapore on 27/28-May-2020, will discuss the key challenges and strategic issues facing LCC operators in Asia as they continue to gain market share and transform market profiles.
This is a must attend for those seeking to engage with and learn from Asia’s LCC CEOs as well as other senior executives from across the entire aviation value chain. Join us for an unrivalled opportunity to network and do business with the region’s key decision makers.
For more information, go to https://lcc20.capaevents.com/