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Budget Airlines Worldwide - International - December 2013

This report provides an overview and update about the current state of the low-cost or budget airline sector worldwide. The report is structured along geographical lines, since most of the route networks of low-cost carriers (LCCs) are domestic and intra-regional.

Demographic trends and the outlook for economic growth, as well as the LCC business model and current issues in the market, are examined in the report’s first section, which is followed by a detailed analysis of the LCC landscape in the major regions of the world (Africa, Europe, Latin America, North America, North Asia, Oceania, South Asia and Southeast Asia).

The profiles of individual budget airlines have been dispersed by region, rather than being grouped in one section. This is a logical structure given that the route networks of most LCCs is strictly national or regional.

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Table of contents

  1. Introduction

      • Key findings
      • Data Sources

          • Abbreviations
          • Global Summary

              • Demographic trends
                • Figure 1: Worldwide population distribution by age cohort, 2011 & 2050
              • Economy
                • Figure 2: World Economic Outlook (WEO) forecasts (Percentage change unless noted otherwise), July 2013
              • Outlook for spending on travel & tourism
                • Figure 3: Projected growth in spending* on travel and tourism worldwide 2012-20 (US$ billion)
              • Air transport market trends
                • Figure 4: Air transport market trends, June 2013 and YTD, year-on-year change
              • Air travel penetration
                • Figure 5: Air travel penetration by selected country and region, 2013
              • Large LCC markets
                • Figure 6: The top ten LCC domestic markets (measured by seat capacity), August 2013
              • The low–cost airline business model
                • LCC goal is to fill the planes
                  • Hybridisation between LCCs and legacy carriers
                  • Issues in the Market

                    • Cost of fuel
                        • Figure 7: Trend in the price of airline fuel, 2007-13
                        • Figure 8: Trend in the price of airline fuel, August 2012-August 2013
                      • Distribution
                        • Ancillary revenues
                          • Ryanair
                            • Spirit Airlines
                              • Deregulation in India
                                • LCC model takes its toll on customer satisfaction
                                  • Examples of extra charges
                                    • Wooing business travellers
                                    • Who’s Innovating?

                                      • LCC model lends itself to innovation
                                        • Ryanair, the leading innovator
                                          • iPads for the cockpit
                                            • AirAsia X ‘paint the plane’ design contest
                                              • Other AirAsia X innovations
                                                • Quiet zone
                                                  • Exclusive parking area for frequent flyers
                                                    • Extended benefits for topbonus members
                                                      • Southwest’s satellite-based Wi-Fi service
                                                        • easyJet’s ‘Inspire Me function’
                                                          • Indian unbundling spices up innovation
                                                          • Competition with High Speed Rail

                                                              • China
                                                                • Europe
                                                                  • France
                                                                    • Korea
                                                                      • US
                                                                      • LCC Regional Profile – Africa

                                                                          • LCC share is growing
                                                                            • Figure 9: LCC capacity share (%) of total seats in Africa, 2001-13
                                                                          • The airlines
                                                                            • fastjet, Tanzania
                                                                              • SWOT analysis
                                                                                • Brief description
                                                                                  • Route network
                                                                                    • Destinations
                                                                                      • Figure 10: fastjet destinations, August 2013
                                                                                    • Fleet
                                                                                      • Distribution
                                                                                        • Recent developments
                                                                                          • Kulula, South Africa
                                                                                            • Brief description
                                                                                              • Route network
                                                                                                • Fleet
                                                                                                  • Figure 11: Kulula.com fleet, December 2012
                                                                                                • Distribution
                                                                                                  • Recent developments
                                                                                                    • Mango, South Africa
                                                                                                      • Brief description
                                                                                                        • Route network
                                                                                                          • Figure 12: Mango’s destinations, 2013
                                                                                                        • Fleet
                                                                                                          • Figure 13: Mango Fleet at 31 December 2012
                                                                                                        • Distribution
                                                                                                          • Recent developments
                                                                                                            • Figure 14: Mango performance data, 2008-12
                                                                                                        • LCC Regional Profile – Europe

                                                                                                            • LCC market penetration
                                                                                                              • UK the largest market
                                                                                                                • Spain dominated by LCCs
                                                                                                                  • A similar situation in Italy
                                                                                                                    • Low penetration in France
                                                                                                                      • Big LCCs dominate Europe’s route network
                                                                                                                        • Figure 15: Airport presence of major European airlines, 2012
                                                                                                                      • LCCs top the charts for productivity
                                                                                                                        • Labour as a percentage of revenues averages 21.8%
                                                                                                                          • Figure 16: Labour cost as a percentage of revenue by European airline, 2012
                                                                                                                        • Annual cost per employee averages €68,871
                                                                                                                          • Figure 17: Average annual cost per employee on major European airlines, 2012
                                                                                                                          • Figure 18: European airlines Available Tonne Kilometres (‘000) per employee, 2012
                                                                                                                        • Employee cost per ATK averages €0.1358
                                                                                                                          • Figure 19: European airline employee cost per available tonne kilometre, 2012
                                                                                                                        • Revenue per employee averages €315,628
                                                                                                                          • Figure 20: European airlines revenue (Euro) per employee, 2012
                                                                                                                        • Operating profit per employee averages €4,307
                                                                                                                          • Figure 21: European airlines operating profit (Euros) per employee, 2012
                                                                                                                        • European airline labour productivity rankings
                                                                                                                          • Figure 22: Overall labour productivity ranking of major European airlines, 2012
                                                                                                                        • European airline consolidation could enhance profitability
                                                                                                                          • Figure 23: Measures of market concentration for the main global regions & Asian sub-regions by seats: 6-13 May-2013
                                                                                                                          • Figure 24: Top 20 airline groups in Europe by seats: 6-13 May 2013
                                                                                                                        • Another attempt to launch an LCC in Russia
                                                                                                                          • Stop-start for Red Wings
                                                                                                                            • Impediments to LCCs in Russia
                                                                                                                              • Aeroflot to launch LCC
                                                                                                                                • High pilot salaries in Russia
                                                                                                                                  • Requirements for a Russian LCC
                                                                                                                                    • The airlines
                                                                                                                                      • Figure 25: Top 20 airline groups ranked by seat capacity in Europe: 13-19 May 2013
                                                                                                                                    • Net profit of biggest 13 European airlines down by 72% for the year 2012
                                                                                                                                      • Air Berlin, Germany
                                                                                                                                        • SWOT analysis
                                                                                                                                          • Brief description
                                                                                                                                            • Route network
                                                                                                                                              • Figure 26: airberlin Group international capacity (seats) by region: 18 March 2013 to 24 March 2013
                                                                                                                                            • Fleet
                                                                                                                                              • Figure 27: airberlin’s fleet development, 2012-13
                                                                                                                                            • Distribution
                                                                                                                                              • Recent developments
                                                                                                                                                  • Figure 28: Details of airberlin’s ‘Turbine’ programme, 2013
                                                                                                                                                • Blu-express.com, Italy
                                                                                                                                                  • Brief description
                                                                                                                                                    • Route network
                                                                                                                                                      • Figure 29: Blu-express destinations, 2013
                                                                                                                                                    • Fleet
                                                                                                                                                      • Recent developments
                                                                                                                                                        • easyJet, UK
                                                                                                                                                          • SWOT analysis
                                                                                                                                                            • Brief description
                                                                                                                                                              • Acquisitions & expansion
                                                                                                                                                                • Figure 30: easyJet’s route network by country/region
                                                                                                                                                                • Figure 31: easyJet’s source markets, fiscal 2012
                                                                                                                                                                • Figure 32: easyJet’s market share (seat capacity) at selected major airports, 2013
                                                                                                                                                              • Fleet
                                                                                                                                                                • Figure 33: easyJet’s fleet at 30 September 2012
                                                                                                                                                              • Future trend
                                                                                                                                                                • Figure 34: easyJet’s projected fleet composition, 2014-22
                                                                                                                                                              • Recent developments
                                                                                                                                                                • Figure 35: easyJet fiscal years (ended 30 September) 2011- 2012 results
                                                                                                                                                              • Flybe, UK
                                                                                                                                                                • SWOT analysis
                                                                                                                                                                  • Brief description
                                                                                                                                                                    • Fleet
                                                                                                                                                                        • Figure 36: Profile of Flybe’s fleet under management in the fiscal year 2012/13
                                                                                                                                                                      • Distribution
                                                                                                                                                                        • Market share growth
                                                                                                                                                                          • Recent developments
                                                                                                                                                                            • Figure 37: Results for fiscal years 2012 & 2013 (year ends 31 March)
                                                                                                                                                                          • Germanwings, Germany
                                                                                                                                                                            • SWOT analysis
                                                                                                                                                                              • Brief description
                                                                                                                                                                                • Route network
                                                                                                                                                                                  • Fleet
                                                                                                                                                                                    • Distribution
                                                                                                                                                                                      • Recent developments
                                                                                                                                                                                        • Norwegian Air Shuttle, Norway and Sweden
                                                                                                                                                                                          • SWOT analysis
                                                                                                                                                                                            • Brief description
                                                                                                                                                                                              • Route network
                                                                                                                                                                                                • Market share
                                                                                                                                                                                                  • Figure 38: Norwegian’s market share by major airport, 2008-2013 (available seats)
                                                                                                                                                                                                • Fleet
                                                                                                                                                                                                  • Figure 39: Norwegian’s current fleet, 2013
                                                                                                                                                                                                • Recent developments
                                                                                                                                                                                                  • Figure 40: Norwegian’s results for 2012
                                                                                                                                                                                                • Jet2.com, UK
                                                                                                                                                                                                  • SWOT analysis
                                                                                                                                                                                                    • Brief description
                                                                                                                                                                                                      • Route network
                                                                                                                                                                                                        • Figure 41: Jet2.com’s route network, 2013
                                                                                                                                                                                                      • Fleet
                                                                                                                                                                                                        • Distribution
                                                                                                                                                                                                          • Recent developments
                                                                                                                                                                                                            • Figure 42: Jet2.com Leisure Airline results, FY 2013 & FY2012
                                                                                                                                                                                                          • Pegasus, Turkey
                                                                                                                                                                                                            • SWOT analysis
                                                                                                                                                                                                              • Brief description
                                                                                                                                                                                                                • Route network
                                                                                                                                                                                                                  • Figure 43: Pegasus’ destinations, 2010-13
                                                                                                                                                                                                                • Fleet
                                                                                                                                                                                                                  • Figure 44: Pegasus Airlines average number of operated aircraft 2008 to Q2 2013
                                                                                                                                                                                                                  • Figure 45: Pegasus Airlines aircraft deliveries 2013-22
                                                                                                                                                                                                                • Forecasted growth
                                                                                                                                                                                                                  • Figure 46: Pegasus Airlines upside and downside year end number of aircraft 2013 to 2022
                                                                                                                                                                                                                • Recent developments
                                                                                                                                                                                                                    • Figure 47: Pegasus Airlines financial and operating highlights Q2 2012 and 2013
                                                                                                                                                                                                                    • Figure 48: Pegasus Airlines revenues Q2 2013 vs Q2 2012
                                                                                                                                                                                                                    • Figure 49: Pegasus Airlines ancillary revenue per passenger versus international peers
                                                                                                                                                                                                                    • Figure 50: Pegasus Airlines operating costs Q2 2013 vs Q2 2012
                                                                                                                                                                                                                    • Figure 51: Pegasus Airlines traffic data Q2 2012 and 2013 and H1 2012 an 2013
                                                                                                                                                                                                                    • Figure 52: Pegasus passenger growth versus international peers
                                                                                                                                                                                                                  • Ryanair, Ireland
                                                                                                                                                                                                                    • SWOT analysis
                                                                                                                                                                                                                      • Brief description
                                                                                                                                                                                                                        • Route network
                                                                                                                                                                                                                          • Figure 53: Number of Ryanair seats by country: 29 April 2013 to 5 May 2013
                                                                                                                                                                                                                          • Figure 54: Ryanair share of seats by country: 29 April 2013 to 5 May 2013
                                                                                                                                                                                                                        • Fleet
                                                                                                                                                                                                                          • Figure 55: Ryanair aircraft delivery schedule under new Boeing order to fiscal year 2019
                                                                                                                                                                                                                        • Distribution
                                                                                                                                                                                                                          • Recent developments
                                                                                                                                                                                                                            • Figure 56: Ryanair’s comparative results, fiscal years 2012 & 2013
                                                                                                                                                                                                                            • Figure 57: Ryanair operating costs: fiscal years 2012 and 2013
                                                                                                                                                                                                                            • Figure 58: Components of ancillary revenues earned by Ryanair, fiscal years 2013 & 2012
                                                                                                                                                                                                                            • Figure 59: Ryanair revenue per ASK and cost per ASK (EUR cent, vertical axis) versus average sector length (km, horizontal axis): fiscal year 2001 to fiscal year 2013*
                                                                                                                                                                                                                            • Figure 60: Ryanair operating profit* and net profit* (€ millions): fiscal year 2004-13 
                                                                                                                                                                                                                            • Figure 61: Trend in Ryanair passenger numbers (million) and load factor (%): fiscal year 2004-13
                                                                                                                                                                                                                            • Figure 62: Ryanair year-on-year percentage growth in passenger numbers: fiscal year 2004-13
                                                                                                                                                                                                                            • Figure 63: Ryanair’s new routes from Germany in 2013
                                                                                                                                                                                                                            • Figure 64: Ryanair market share and market rank in selected countries, 2013
                                                                                                                                                                                                                          • Vueling (Clickair), Spain
                                                                                                                                                                                                                            • SWOT analysis
                                                                                                                                                                                                                              • Brief description
                                                                                                                                                                                                                                  • Figure 65: Trend in Vueling’s capacity (ASK, million) and load factor (%) 2008-12
                                                                                                                                                                                                                                • Route network
                                                                                                                                                                                                                                    • Figure 66: Vueling market ranking and passenger numbers at its main international airports 2012
                                                                                                                                                                                                                                    • Figure 67: Vueling development of domestic and international passengers in 2011 and 2012
                                                                                                                                                                                                                                    • Figure 68: Vueling development of transfer passengers 2011 and 2012
                                                                                                                                                                                                                                  • Fleet
                                                                                                                                                                                                                                    • Distribution
                                                                                                                                                                                                                                      • Recent developments
                                                                                                                                                                                                                                        • Figure 69: Vueling financial highlights 2011-12 (€ million except where stated)
                                                                                                                                                                                                                                        • Figure 70: Vueling revenues (€million) 2011 and 2012
                                                                                                                                                                                                                                        • Figure 71: Vueling operating costs 2011 and 2012, € million
                                                                                                                                                                                                                                        • Figure 72: Vueling revenues, net profit and operating profit (EUR million), 2006-12
                                                                                                                                                                                                                                        • Figure 73: Unit costs (cost per available seat kilometre) and average stage length for selected European legacy and low-cost carriers 2011-012
                                                                                                                                                                                                                                      • Wizz Air, Central Europe
                                                                                                                                                                                                                                        • SWOT analysis
                                                                                                                                                                                                                                          • Brief description
                                                                                                                                                                                                                                            • Route network
                                                                                                                                                                                                                                              • Figure 74: Wizz Air Group top 11 airports by seats and number one carrier share: 1 April2013 to 7 April 2013
                                                                                                                                                                                                                                              • Figure 75: Wizz Air top 10 routes by seats: 1-Apr-2013 to 7-Apr-2013
                                                                                                                                                                                                                                              • Figure 76: Wizz Air’s competitive position on major routes (seats per airline by route)
                                                                                                                                                                                                                                              • Figure 77: Central and Eastern Europe share of LCC seats: Apr-2012 to Mar-2013
                                                                                                                                                                                                                                            • Fleet
                                                                                                                                                                                                                                              • Figure 78: Wizz Air fleet development (number of aircraft at calendar year end)
                                                                                                                                                                                                                                            • Distribution
                                                                                                                                                                                                                                              • Recent developments
                                                                                                                                                                                                                                                • Figure 79: Group financial highlights Fiscal years 2011 2012*
                                                                                                                                                                                                                                                • Figure 80: Development of Wizz Air passenger numbers ('000): fiscal years 2005-13*
                                                                                                                                                                                                                                                • Figure 81: trend in Wizz Air’s passenger load factor: 2006-12 (%)
                                                                                                                                                                                                                                                • Figure 82: Wizz Air labour productivity fiscal years 2011 and 2012 (March year end)
                                                                                                                                                                                                                                            • LCC Regional Profile - Latin America

                                                                                                                                                                                                                                                • Figure 83: Latin America’s top 10 airlines for the week starting 31 March, 2013.
                                                                                                                                                                                                                                              • Viva Group’s international expansion
                                                                                                                                                                                                                                                • LCCs are domestic focused
                                                                                                                                                                                                                                                  • Figure 84: LCC capacity share (%) of total seats in South & Central America: 2003-13
                                                                                                                                                                                                                                                • Brazil
                                                                                                                                                                                                                                                  • A fast growing aviation sector
                                                                                                                                                                                                                                                    • Figure 85: Growth of Brazil’s aviation sector, 2008-2012 (in millions, with the exception of where percentages are denoted)
                                                                                                                                                                                                                                                  • Airport Infrastructure
                                                                                                                                                                                                                                                    • Market shares
                                                                                                                                                                                                                                                      • Figure 86: trend in domestic market shares1 of major Brazilian airlines, based on revenue passenger kilometers, 2008-12.
                                                                                                                                                                                                                                                    • Mexico
                                                                                                                                                                                                                                                        • Figure 87: Mexico annual domestic traffic (millions of passengers): 2002-12
                                                                                                                                                                                                                                                      • A shakeout following deregulation
                                                                                                                                                                                                                                                        • Slowing growth in 2013
                                                                                                                                                                                                                                                          • A slowing economy is reducing demand growth
                                                                                                                                                                                                                                                            • Aeromexico’s losing share to LCCs
                                                                                                                                                                                                                                                              • Figure 88: Mexico domestic market share by carrier: June 2013 vs June 2012 (passengers)
                                                                                                                                                                                                                                                            • Domestic expansion by Volaris and VivaAerobus
                                                                                                                                                                                                                                                              • Record domestic passenger growth in Cancún
                                                                                                                                                                                                                                                                  • Figure 89: Cancún domestic capacity by carrier (% of seats): 3-9 June 2013
                                                                                                                                                                                                                                                                  • Figure 90: Volaris approximate number of one-way seats on offer from Cancún by market: 2-8 June 2013
                                                                                                                                                                                                                                                                • Rest of Latin America
                                                                                                                                                                                                                                                                  • LCCs kept out of Argentina and Venezuela by protectionism
                                                                                                                                                                                                                                                                    • The airlines
                                                                                                                                                                                                                                                                      • Azul Brazilia, Brazil
                                                                                                                                                                                                                                                                        • SWOT analysis
                                                                                                                                                                                                                                                                          • Brief description
                                                                                                                                                                                                                                                                            • Route network
                                                                                                                                                                                                                                                                              • Fleet
                                                                                                                                                                                                                                                                                • Figure 91: Azul’s fleet, 2013
                                                                                                                                                                                                                                                                              • Distribution
                                                                                                                                                                                                                                                                                • Destinations
                                                                                                                                                                                                                                                                                  • Recent developments
                                                                                                                                                                                                                                                                                    • Gol Airlines, Brazil
                                                                                                                                                                                                                                                                                      • SWOT analysis
                                                                                                                                                                                                                                                                                        • Brief description
                                                                                                                                                                                                                                                                                          • Route network
                                                                                                                                                                                                                                                                                            • Fleet
                                                                                                                                                                                                                                                                                              • Figure 92: Gol’s aircraft fleet at 31 December 2012
                                                                                                                                                                                                                                                                                              • Figure 93: Gol’s projected operating fleet, 2013-17
                                                                                                                                                                                                                                                                                            • Distribution
                                                                                                                                                                                                                                                                                              • Smiles loyalty programme
                                                                                                                                                                                                                                                                                                • Recent developments
                                                                                                                                                                                                                                                                                                  • Interjet, Mexico
                                                                                                                                                                                                                                                                                                    • SWOT analysis
                                                                                                                                                                                                                                                                                                      • Brief description
                                                                                                                                                                                                                                                                                                        • Route network
                                                                                                                                                                                                                                                                                                          • Fleet
                                                                                                                                                                                                                                                                                                            • Distribution
                                                                                                                                                                                                                                                                                                              • Recent developments
                                                                                                                                                                                                                                                                                                                • Viva Aerobus, Mexico
                                                                                                                                                                                                                                                                                                                  • SWOT analysis
                                                                                                                                                                                                                                                                                                                    • Brief description
                                                                                                                                                                                                                                                                                                                      • Route network
                                                                                                                                                                                                                                                                                                                        • Figure 94: Vivaaerobus’ destinations, 2013
                                                                                                                                                                                                                                                                                                                      • Fleet
                                                                                                                                                                                                                                                                                                                        • Figure 95: Vivaaerobus’ fleet, 2013
                                                                                                                                                                                                                                                                                                                      • Distribution
                                                                                                                                                                                                                                                                                                                        • Recent developments
                                                                                                                                                                                                                                                                                                                          • Figure 96: VivaAerobus’ monthly passenger numbers: 2011 to March 2013
                                                                                                                                                                                                                                                                                                                          • Figure 97: VivaAerobus’ approximate one-way seats on offer from Cancún by market: 2-8 June 2013
                                                                                                                                                                                                                                                                                                                        • Volaris, Mexico
                                                                                                                                                                                                                                                                                                                          • SWOT analysis
                                                                                                                                                                                                                                                                                                                            • Brief description
                                                                                                                                                                                                                                                                                                                              • Route network
                                                                                                                                                                                                                                                                                                                                • Figure 98: Volaris’ destinations, 2013
                                                                                                                                                                                                                                                                                                                              • Fleet
                                                                                                                                                                                                                                                                                                                                • Figure 99: The Volaris fleet as of May 2013
                                                                                                                                                                                                                                                                                                                              • Distribution
                                                                                                                                                                                                                                                                                                                              • LCC Regional Profile – North America

                                                                                                                                                                                                                                                                                                                                  • Figure 100: Top 20 airline groups in North America by seats: 6-13 May 2013
                                                                                                                                                                                                                                                                                                                                • LCCs slowly gaining share
                                                                                                                                                                                                                                                                                                                                  • Figure 101: LCC capacity share (%) of total seats in North America : 2001-13
                                                                                                                                                                                                                                                                                                                                • Hybrids expanding
                                                                                                                                                                                                                                                                                                                                  • Spirit has entered main markets
                                                                                                                                                                                                                                                                                                                                    • Allegiant links tourist destinations
                                                                                                                                                                                                                                                                                                                                      • The airlines
                                                                                                                                                                                                                                                                                                                                        • Allegiant Airlines, USA
                                                                                                                                                                                                                                                                                                                                          • SWOT analysis
                                                                                                                                                                                                                                                                                                                                            • Brief description
                                                                                                                                                                                                                                                                                                                                                • Figure 102: Comparison of Allegiant’s business model with that of traditional airlines, 2013
                                                                                                                                                                                                                                                                                                                                              • Route network
                                                                                                                                                                                                                                                                                                                                                • Fleet
                                                                                                                                                                                                                                                                                                                                                  • Figure 103: Allegiant’s fleet, 31 December 2012
                                                                                                                                                                                                                                                                                                                                                  • Figure 104: Number of aircraft at end of year, 2013-15
                                                                                                                                                                                                                                                                                                                                                • Distribution
                                                                                                                                                                                                                                                                                                                                                  • Recent developments
                                                                                                                                                                                                                                                                                                                                                    • Figure 105: Allegiant’s results, 2008-12 (US$’000)
                                                                                                                                                                                                                                                                                                                                                    • Figure 106: Operating statistics for scheduled services, 2009-12
                                                                                                                                                                                                                                                                                                                                                  • Frontier Airlines, USA
                                                                                                                                                                                                                                                                                                                                                    • SWOT analysis
                                                                                                                                                                                                                                                                                                                                                      • Brief description
                                                                                                                                                                                                                                                                                                                                                        • Route network
                                                                                                                                                                                                                                                                                                                                                          • Fleet
                                                                                                                                                                                                                                                                                                                                                            • Distribution
                                                                                                                                                                                                                                                                                                                                                              • Recent developments
                                                                                                                                                                                                                                                                                                                                                                  • Figure 107: Frontier’s results, 2011-12
                                                                                                                                                                                                                                                                                                                                                                • JetBlue, US
                                                                                                                                                                                                                                                                                                                                                                  • SWOT analysis
                                                                                                                                                                                                                                                                                                                                                                    • Brief description
                                                                                                                                                                                                                                                                                                                                                                      • Route network
                                                                                                                                                                                                                                                                                                                                                                        • Figure 108: Capacity Distribution at 31 December 2010-2012 (% of available seat miles).
                                                                                                                                                                                                                                                                                                                                                                        • Figure 109: New destinations in 2013
                                                                                                                                                                                                                                                                                                                                                                      • Fleet
                                                                                                                                                                                                                                                                                                                                                                        • Figure 110: JetBlue’s fleet at 31 December 2012
                                                                                                                                                                                                                                                                                                                                                                        • Figure 111: JetBlue’s aircraft delivery schedule, 2013-21
                                                                                                                                                                                                                                                                                                                                                                      • Distribution
                                                                                                                                                                                                                                                                                                                                                                        • Recent developments
                                                                                                                                                                                                                                                                                                                                                                          • Figure 112: JetBlue performance data, 2011-2012 (US$ million)
                                                                                                                                                                                                                                                                                                                                                                        • Southwest Airlines US
                                                                                                                                                                                                                                                                                                                                                                          • SWOT analysis
                                                                                                                                                                                                                                                                                                                                                                            • Brief description
                                                                                                                                                                                                                                                                                                                                                                              • Route network
                                                                                                                                                                                                                                                                                                                                                                                • Fleet
                                                                                                                                                                                                                                                                                                                                                                                  • Figure 113: Southwest’s fleet at 31 December 2012
                                                                                                                                                                                                                                                                                                                                                                                  • Figure 114: Southwest’s delivery schedule. 2013-27
                                                                                                                                                                                                                                                                                                                                                                                • Distribution
                                                                                                                                                                                                                                                                                                                                                                                  • Recent developments
                                                                                                                                                                                                                                                                                                                                                                                      • Figure 115: Financial results 2008-12 (US$ million)
                                                                                                                                                                                                                                                                                                                                                                                      • Figure 116: Operating data, 2008-12
                                                                                                                                                                                                                                                                                                                                                                                    • Spirit Airlines, USA
                                                                                                                                                                                                                                                                                                                                                                                      • SWOT analysis
                                                                                                                                                                                                                                                                                                                                                                                        • Brief description
                                                                                                                                                                                                                                                                                                                                                                                          • Figure 117: Comparison of CASM1 LTM2 between Spirit and selected competitors, Q1, 2013
                                                                                                                                                                                                                                                                                                                                                                                        • Route network
                                                                                                                                                                                                                                                                                                                                                                                          • Fleet
                                                                                                                                                                                                                                                                                                                                                                                              • Figure 118: Spirit’s future fleet development 2013-21
                                                                                                                                                                                                                                                                                                                                                                                            • Distribution
                                                                                                                                                                                                                                                                                                                                                                                              • Recent developments
                                                                                                                                                                                                                                                                                                                                                                                                • Figure 119: Results for the Year Ended 31 December, 2008-12 (in thousand US$)
                                                                                                                                                                                                                                                                                                                                                                                            • LCC Regional Profile - Northeast Asia

                                                                                                                                                                                                                                                                                                                                                                                              • Korea Japan
                                                                                                                                                                                                                                                                                                                                                                                                • Figure 120: LCC capacity share (%) of total seats in Northeast Asia, 2001-13
                                                                                                                                                                                                                                                                                                                                                                                              • Regional particularities
                                                                                                                                                                                                                                                                                                                                                                                                • China
                                                                                                                                                                                                                                                                                                                                                                                                  • Japan
                                                                                                                                                                                                                                                                                                                                                                                                    • Figure 121: LCC capacity share (%) of total seats in Japan: 21 October 2012 to 27 October 2012
                                                                                                                                                                                                                                                                                                                                                                                                  • South Korea
                                                                                                                                                                                                                                                                                                                                                                                                    • Taiwan
                                                                                                                                                                                                                                                                                                                                                                                                      • The airlines
                                                                                                                                                                                                                                                                                                                                                                                                        • Jeju Air, South Korea
                                                                                                                                                                                                                                                                                                                                                                                                          • SWOT analysis
                                                                                                                                                                                                                                                                                                                                                                                                            • Brief description
                                                                                                                                                                                                                                                                                                                                                                                                              • Route network
                                                                                                                                                                                                                                                                                                                                                                                                                • Figure 122: Jeju’s Destinations, 2013
                                                                                                                                                                                                                                                                                                                                                                                                              • Fleet
                                                                                                                                                                                                                                                                                                                                                                                                                • Figure 123: Jeju’s fleet, June 2013
                                                                                                                                                                                                                                                                                                                                                                                                              • Distribution
                                                                                                                                                                                                                                                                                                                                                                                                                • Recent developments
                                                                                                                                                                                                                                                                                                                                                                                                                  • Skymark, Japan
                                                                                                                                                                                                                                                                                                                                                                                                                    • SWOT analysis
                                                                                                                                                                                                                                                                                                                                                                                                                      • Brief description
                                                                                                                                                                                                                                                                                                                                                                                                                        • Route network
                                                                                                                                                                                                                                                                                                                                                                                                                          • Figure 124: Skymark’s destinations, January 2013
                                                                                                                                                                                                                                                                                                                                                                                                                        • Fleet
                                                                                                                                                                                                                                                                                                                                                                                                                          • Figure 125: Skymark’s fleet and orders, July 2013
                                                                                                                                                                                                                                                                                                                                                                                                                        • Distribution
                                                                                                                                                                                                                                                                                                                                                                                                                          • Recent developments
                                                                                                                                                                                                                                                                                                                                                                                                                            • Spring Airlines, China
                                                                                                                                                                                                                                                                                                                                                                                                                              • SWOT analysis
                                                                                                                                                                                                                                                                                                                                                                                                                                • Brief description
                                                                                                                                                                                                                                                                                                                                                                                                                                  • Route network
                                                                                                                                                                                                                                                                                                                                                                                                                                    • Figure 126: Spring Airlines flight destinations, 2013
                                                                                                                                                                                                                                                                                                                                                                                                                                  • Fleet
                                                                                                                                                                                                                                                                                                                                                                                                                                    • Distribution
                                                                                                                                                                                                                                                                                                                                                                                                                                      • Recent developments
                                                                                                                                                                                                                                                                                                                                                                                                                                      • LCC Regional Profile - South Asia

                                                                                                                                                                                                                                                                                                                                                                                                                                          • Possible Etihad - Jet Airways tie-up
                                                                                                                                                                                                                                                                                                                                                                                                                                            • Figure 127: Indian Domestic Market Share by Airline May 2013
                                                                                                                                                                                                                                                                                                                                                                                                                                          • IndiGo
                                                                                                                                                                                                                                                                                                                                                                                                                                            • SpiceJet
                                                                                                                                                                                                                                                                                                                                                                                                                                              • AirAsia India would shake up the market
                                                                                                                                                                                                                                                                                                                                                                                                                                                • Domestic outlook FY2014
                                                                                                                                                                                                                                                                                                                                                                                                                                                  • Penetration of LCCs high
                                                                                                                                                                                                                                                                                                                                                                                                                                                    • Figure 128: LCC capacity share (%) of total seats in South Asia: 2001-13
                                                                                                                                                                                                                                                                                                                                                                                                                                                  • The airlines
                                                                                                                                                                                                                                                                                                                                                                                                                                                    • Figure 129: Top ten South Asian airlines (for the Week starting 31 March 2013)
                                                                                                                                                                                                                                                                                                                                                                                                                                                  • IndiGo, India
                                                                                                                                                                                                                                                                                                                                                                                                                                                    • SWOT analysis
                                                                                                                                                                                                                                                                                                                                                                                                                                                      • Brief description
                                                                                                                                                                                                                                                                                                                                                                                                                                                        • Route network
                                                                                                                                                                                                                                                                                                                                                                                                                                                          • Figure 130: IndiGo’s destinations, 2013
                                                                                                                                                                                                                                                                                                                                                                                                                                                        • Fleet
                                                                                                                                                                                                                                                                                                                                                                                                                                                          • Figure 131: IndiGo’s fleet
                                                                                                                                                                                                                                                                                                                                                                                                                                                        • Distribution
                                                                                                                                                                                                                                                                                                                                                                                                                                                          • Recent developments
                                                                                                                                                                                                                                                                                                                                                                                                                                                            • SpiceJet, India
                                                                                                                                                                                                                                                                                                                                                                                                                                                              • SWOT analysis
                                                                                                                                                                                                                                                                                                                                                                                                                                                                • Brief description
                                                                                                                                                                                                                                                                                                                                                                                                                                                                  • Route network
                                                                                                                                                                                                                                                                                                                                                                                                                                                                    • Fleet
                                                                                                                                                                                                                                                                                                                                                                                                                                                                      • Figure 132: SpiceJet fleet, August 2013
                                                                                                                                                                                                                                                                                                                                                                                                                                                                    • Distribution
                                                                                                                                                                                                                                                                                                                                                                                                                                                                      • Recent developments
                                                                                                                                                                                                                                                                                                                                                                                                                                                                      • LCC Regional Profile - Southeast Asia

                                                                                                                                                                                                                                                                                                                                                                                                                                                                          • Figure 133: LCC capacity share (%) of total seats in Southeast Asia, 2001-13
                                                                                                                                                                                                                                                                                                                                                                                                                                                                        • 25 LCCs in the region
                                                                                                                                                                                                                                                                                                                                                                                                                                                                          • Indonesia
                                                                                                                                                                                                                                                                                                                                                                                                                                                                            • Thailand
                                                                                                                                                                                                                                                                                                                                                                                                                                                                              • Malaysia
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                • Malindo to compete with AirAsia
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  • Singapore
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    • Philippines
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      • Vietnam
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        • Other countries
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          • Myanmar
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            • Cambodia
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              • Laos
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                • AirAsia, Malaysia
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  • Brief description
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    • Route network
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      • Figure 134: Air Asia results, 2008-12 (MYR million)
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  • What Next?

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    • More consolidation
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      • Segmentation
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        • Ultra-low-cost carriers
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          • Hybrids deviate from the LCC model
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            • Leisure package LCCs
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              • Long–haul flights?
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                • AirAsia backs out of India and Europe
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  • Long–haul is for hybrids
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    • Code-sharing and alliances
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      • Simplified interlining with “Dohop”
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        • Figure 135: Booking proposals Dohop.com
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        • Figure 136: Booking proposals kayak
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        • Figure 137: Booking proposals ebookers
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    • Appendix

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      • Study methodology for Indian Institute of Management
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      • Index to TTI Destination Reports

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        • Country reports ABC Islands No. 4 2008 Albania No. 3 2011 Algeria No. 3 2008 Andorra No. 1 1993 Angola No. 2 2013 Antarctica No. 1 1999 Antilles, Netherlands No. 4 1994 Argentina No. 2 2010 Australia No. 2 2011 Austria No. 3 2009 Bahamas No. 2 2012 Bahrain No. 3 2010 Bangladesh No. 1 2013 Barbados No. 2 2012 Belgium No. 3 2004 Belize No. 2 2001 Bermuda No. 4 2008 Bhutan No. 1 2008 Bolivia No. 4 2011 Borneo No. 1 2010 Bosnia & Herzegovina No. 3 2009 Botswana No. 4 2009 Brazil No. 3 2013 Bulgaria No. 4 2013 Cambodia No. 2 2011 Canada No. 2 2010 Chile No. 2 2010 China No. 1 2010 Colombia No. 1 2009 Costa Rica No. 3 2013 Croatia No. 3 2011 Cuba No. 4 2011 Cyprus No. 3 2009 Czech Republic No. 4 2013 Denmark No. 4 2010 Dominican Republic No. 2 2012 Ecuador No. 3 1998 Ecuador & Galapagos No. 4 2011 Egypt No. 1 2011 El Salvador No. 1 2009 England No. 3 2000 Eritrea No. 4 1997 Estonia No. 3 2011 Ethiopia No. 2 2007 Falkland Islands No. 4 2011 Fiji No. 1 1998 Finland No. 4 2010 France No. 1 2012 Gambia No. 1 2011 Germany No. 1 2012 Ghana No. 2 2013 Greece No. 1 2012 Grenada No. 2 2012 Guatemala No. 3 2013 Guyana No. 3 2013 Hawaii No. 4 1993 Honduras No. 1 2009 Hungary No. 3 2009 Iceland No. 4 2010 India No. 1 2010 Indochina No. 2 1993 Indonesia No. 2 2011 Iran No. 3 2012 Ireland No. 1 2001 Israel No. 1 2000 Italy No. 1 2012 Jamaica No. 4 2011 Japan No. 2 2011 Jordan No. 3 2010 Kenya No. 4 2009 Laos No. 2 2009 Latvia No. 3 2011 Lebanon No. 3 2010 Libya No. 3 2008 Liechtenstein No. 1 1993 Lithuania No. 3 2011 Luxembourg No. 2 2001 Madagascar No. 2 2006 Malawi No. 4 2009 Malaysia No. 2 2011 Maldives No. 2 2004 Malta No. 3 2006 Mauritius No. 4 2009 Mexico No. 2 2010 Monaco No. 1 1993 Mongolia No. 2 2009 Montenegro No. 3 2009 Morocco No. 1 2011 Mozambique No. 2 2006 Myanmar No. 1 2010 Namibia No. 1 2011 Nepal No. 1 2010 Netherlands No. 4 2010 New Zealand No. 2 2011 Nicaragua No. 3 2013 Nigeria No. 2 2013 Northern Ireland No. 3 2001 Norway No. 4 2010 Oman No. 3 2012 Pacific Islands No. 1 1996 Pakistan No. 1 2013 Panama No. 3 2013 Papua New Guinea No. 1 2013 Paraguay No. 1 2009 Peru No. 2 2010 Philippines No. 1 2010 Poland No. 4 2013 Portugal No. 1 2012 Puerto Rico No. 2 2012 Qatar No. 3 2010 Romania No. 4 2013 Russia No. 1 2004 Saudi Arabia No. 3 2012 Scotland No. 1 2002 Senegal No. 2 2013 Seychelles No. 4 2009 Singapore No. 1 2013 Slovakia No. 4 2013 Slovenia No. 4 2013 South Africa No. 1 2011 South Korea No. 1 2006 Spain No. 1 2012 Sri Lanka No. 1 2013 Sweden No. 4 2010 Switzerland No. 3 2009 Syria No. 3 2010 Taiwan No. 2 2004 Tanzania No. 1 2011 Thailand No. 2 2009 Trinidad & Tobago No. 2 2012 Tunisia No. 3 2012 Turkey No. 3 2011 Turks & Caicos No. 4 2008 Uganda No. 2 2013 Ukraine No. 1 2007 United Arab Emirates No. 3 2012 Uruguay No. 1 2009 US No. 2 2010 UK No. 2 2008 Venezuela No. 4 2011 Vietnam No. 1 2013 Wales No. 2 1999 Windward & Leeward Islands No. 4 2008 Yemen No. 3 2012 Zambia No. 4 2009 Zimbabwe No. 2 2013 City reports: Amsterdam Report 2003 Athens Report 2001 Auckland No. 2 1999 Barcelona Report 2003 Berlin Report 2001 Boston No. 1 1999 Bruges No. 2 2000 Brussels Report 2001 Budapest Report 2003 Cairo No. 2 2000 Chicago No. 1 2000 Copenhagen No. 1 2000 Delhi No. 3 1999 Dublin Report 2003 Dubrovnik Report 2003 Edinburgh Report 2001 Geneva No. 4 1999 Glasgow No. 1 2000 Hong Kong No. 3 1999 Istanbul Report 2003 Jakarta No. 4 1999 Jerusalem No. 4 2000 Kuala Lumpur No. 2 2000 Lisbon Report 2003 London Report 2003 Madrid Report 2003 Manchester No. 3 1999 Melbourne No. 1 1999 Milan No. 3 2000 Montreal No. 2 1999 Munich Report 2001 New York No. 3 1999 Nice Report 2001 Paris Report 2003 Perth No. 3 2000 Prague No. 3 2000 Quito No. 2 1999 Rome Report 2003 Stockholm Report 2003 St. Petersburg Report 2003 Sydney No. 4 1999 Tallinn Report 2003 Tokyo No. 3 2000 Toronto No. 1 2000 Vancouver No. 3 2000 Vienna Report 2003 Warsaw No. 4 1999 Wellington No. 4 2000 Zurich No. 2 2000 Notes: Report 2001 refers to European City Reports, published in March 2001; Report 2003 refers to European City Destinations published in November 2003.
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        • Index to Travel & Tourism Analyst

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            • Index grouped by geographic area
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            • Special Reports Index

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Companies Covered

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              To learn more about the companies covered in this report please contact us.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Budget Airlines Worldwide - International - December 2013

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