Page 28 - AAA SEPTEMBER - OCTOBER 2015 Online Magazine

TURE

AIRLINES
FEATURE AIRLINES
FEA

Low Cost Success

Asian no frills carriers are poised for growth
By Atul Chandra

ASIAN LOW COST CARRIERS (LCCS) overall terms, in Southeast Asia “Airline
have experienced tremendous success capacity has risen 80 percent since the
and contributed to the strong growth 2009 recession, but passenger traffic
of civil aviation in the region. Budget has risen at an even higher rate, driving
carriers from Asia, occupied five spots in airplane load factors to nearly 80%,”
the Skytrax 2015 list of ‘10 World’s Best according to Boeing Current Market
Low-Cost Airlines’; AirAsia led the pack Outlook 2015. By 2034, the Asia Pacific
and was joined by other Asian LCCs in the region will lead in world passenger traffic
top 10 list; namely AirAsiaX, Indian LCC by 2034, as per Airbus’ Global Market
IndiGo, Jetstar Asia (A Qantas subsidiary) Forecast 2015-2034. Airlines in the region
and Singapore Airline Group (SAG) owned will add 3,750 new airplanes, worth an
long-haul LCC Scoot. AirAsia was named estimated $ 550 billion, Boeing forecasts,
as the World’s Best Low-Cost airline for with 76 percent of the demand will being
the 7th consecutive year by Skytrax. In for new deliveries of single aisle airplanes.
28 ASIAN AIRLINES & AIRPORTS SEPTEMBER / OCTOBER 2015 WWW.ASIANAIRLINES-AIRPORTS.COM