06 February 2019
Visiongain has launched a new aviation report Top 20 Commercial Airline Low Cost Carrier (LCC) Companies 2019: Market Share Analysis, Revenue & Ranking of Leading Companies in the Budget Aviation Market Plus Analysis of Market by Service Type (Passenger Travel, Baggage Handling, Aircraft Operating Lease, and Freight Services).
The airline industry has undergone profound transformation in the last two decades, where several airlines have started adding various types of services in their portfolio along with air travel. These additions have been largely focused on upgrading the flying experience of the passenger, owing to the highly competitive airline market. There are a wide number of airlines in the market and they all have a common product to offer which is essentially just passenger air travel. However, the airlines industry is very competitive and most of the airlines, to stand out from the competition ,provide additional services to the passenger to gain more passenger traffic and increase their overall profit
The Visiongain report analyst commented "Low cost carriers play a significant role in any country for carrying passenger and cargo at affordable rates. The increasing pace of life has made air travel the only option to go from one place to another in a quick way and people always look for an affordable option. Similarly, increasing e-commerce and customers demand quick delivery of their goods and this has also led to an increase in demand for cargo travel across the world. Low cost carrier companies provide a cheaper way to carry passengers and goods around the world. An increasing demand for air travel from developing countries such as India and China is also expected to drive the growth of the low cost carrier market."
Leading companies featured in the report who are developing providing low cost carrier services includes Southwest Airlines, Ryanair, Jetblue, EasyJet, Alaska Air Group, Eurowings, WestJet, Jetstart Airways, Norwegian, Jet Airways, Gol Tranportes Aereos, Spirit Airlines, Air Canada, Vueling Airlines, IndiGo, AirAsia, Pal Express, Azul Brazilian Airlines, Jet2.com and Wizz Air.
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