Low-Cost Airline Market is Ready to Set Outstanding Growth during 2021-2026 | International Key Players - Sun Express, AirTran, EasyJet, Go Air, IndiGo, RyanAir, Spirit Airlines
Overview of the Global Low-Cost Airline Market:
The report spread across 90 pages is an overview of the Global Low-Cost Airline Market. These report study based on the Low-Cost Airline Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies. Low-Cost Airline Market Research Report is a meticulous investigation of current scenario of the market, which covers several market dynamics.
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According to the market report analysis, Low-Cost Airlines are passenger airlines, which offer travelling service tickets at relatively cheaper rate compared to other airlines. Low cost airlines are also known as no frills airlines, prizefighters, low-cost carriers (LCC), discount airlines, and budget airlines. The Low-Cost Carriers (LCCs) are carriers which, through a variety of operational processes, have achieved a cost advantage over full-service carriers (FSCs).
The most important key factors driving the growth of the Global Low-Cost Airline Market are increasing preference for LCCs over FSCs in the developing countries. Moreover, high aircraft utilization, internet booking, use of secondary airports, lower wage scales, minimum cabin crew, lower rates of unionization among employees, one class of seating, and short ground turn-around times.
Geographically analysis, North America dominates the Low-Cost Airline Market. This trend is projected to continue during the forecast period due the presence of prominent Low-Cost Airline. The steadily rising passenger traffic over time is expected to drive the growth of the European market in the review period. The market in this region is projected to expand at the highest CAGR during the forecast period. Increasing air passenger traffic in countries such as China, India, Malaysia, and Indonesia are encouraging the Low-Cost Airline operators to increase their investments in this region.
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Major Key Players:
4 Go Air
5 Gol Transportes Aereos
8 Norwegian Air Shuttle
9 Southwest Airlines
10 Spirit Airlines
11 Sun Express
12 Thai AirAsia
Market Segment by Product Type:
1 Domestic Flight
2 International Flight
Market Segment by Industry:
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Global Business News:
Spirit Airlines (February 09, 2021) - Spirit Airlines Earns Highest-Rated Low-Fare Carrier in the World for Cleanliness and Safety During the Travel Journey - Spirit Airlines was awarded Platinum status by the Airline Passenger Experience Association (APEX) Health Safety initiative powered by SimpliFlying for the airline’s efforts in ensuring the highest standards of cleanliness and sanitization. The certification recognizes Spirit for going above and beyond the required and truly investing in health and safety for Guests and Team Members.
APEX, the largest non-profit airline association in the world dedicated entirely to the passenger experience, worked with SimpliFlying to develop a science-based global standard for health and safety across the aviation industry. Certification involves a 58-point checklist covering 10 categories including testing, on-the-ground procedures and in-flight measures to increase Guest safety throughout their journey.
“The health and safety of our Guests and Team Members is said John Bendoraitis, Spirit Airlines Executive Vice President and Chief Operating Officer. “We’re proud to receive this certification because we want our Guests to feel comfortable knowing we’re working around the clock to make sure every flight meets our commitment to Safe Travels.”
Twelve airlines from six continents have completed the global certification program after undergoing the audit and review process validated by SimpliFlying. APEX expects the majority of participating airlines to reach Gold status as the process continues, which requires a minimum of 200 points scored on the audit. Achieving a Platinum rating requires airlines to score another 100 points beyond the Gold level.
“With its focus on Guest well-being, Spirit Airlines rose to become the highest-rated low-fare carrier in the world by continuously investing more in their customers during this pandemic,” said APEX CEO Dr. Joe Leader. “Spirit’s initiatives for automated self-bag drops, biometric photo matching, continued installation of roomier passenger class seats, and end-to-end COVID-19 wellness service additions underlined the airline’s non-stop ‘invest in the guest’ philosophy.”
Table of Contents:
1 Low-Cost Airline Definition
2 Global Low-Cost Airline Market Major Player Share and Market Overview
2.1 Global Major Player Low-Cost Airline Business Revenue
2.2 Global Low-Cost Airline Market Overview
2.3 COVID-19 Impact on Low-Cost Airline Industry
3 Major Player Low-Cost Airline Business Introduction
3.1 AirTran Low-Cost Airline Business Introduction
3.2 EasyJet Low-Cost Airline Business Introduction
3.3 GermanWings Low-Cost Airline Business Introduction
3.4 Go Air Low-Cost Airline Business Introduction
3.5 Gol Transportes Aereos Low-Cost Airline Business Introduction
3.6 IndiGo Low-Cost Airline Business Introduction
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