According to the most recent report from aviation intelligence leader OAG , llow cost carriers (LCCs) are now far outdistancing legacy air carriers in rise in seats. In Europe LCC seats increased by some 14% compared with 1% for traditional legacy carriers.
Accordingly, the OAG FACTS (Frequency and Capacity Trend Statistics) report for May clearly reveals legacy airlines within a trend downward for annual market growth. While bigger airlines have increased their seats by some 2.8 million since 2004, LCCs collectively added more than 20 million over the same period. John Grant, executive vice president, OAG, offered this on the report:
“While it’s no surprise that LCCs are increasing capacity at a faster rate than their legacy counterparts, the actual rate at which low-cost airlines are growing their market share is quite astonishing. In the last 12 months alone, the UK’s international LCC capacity increased by 15%.”
The full report is available here (PDF). For more information on this news reader may contact OAG via:
OAG Product Marketing Director
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