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Description

Description

“As the GCC country with the largest population and the greatest distances between its major cities, combined with a wealthy populace, Saudi Arabia offers excellent potential to develop a strong domestic LCC network. Indeed, the Saudi Arabian aviation market is poised for rapid growth over the next few years as the kingdom increasingly relies on air transport and tourism to diversify its economy away from hydrocarbon extraction. LCCs are particularly well positioned to stimulate demand through offering low fares to a youthful population eager to travel more.”
– Jessica Kelly, Senior Tourism Analyst

What's included

What's included

Table of contents

Table of contents

  1. Introduction

    • Data Sources

      • Overview

        • GDP growth in the Middle East
          • Figure 1: Forecast GDP in Middle Eastern countries, (current US$bn), 2018-23
        • GDP per capita
          • Figure 2: Forecasted GDP per capita in Middle Eastern countries, (current US$), 2018-23
        • Outlook for spending on travel and tourism
          • Middle East
            • Figure 3: Forecast for expenditure on travel & tourism, in the Middle East* (in nominal US$bn), 2018-23
          • Bahrain
            • Figure 4: Forecast for expenditure on travel & tourism (in nominal US$bn), 2018-23
          • Egypt
            • Figure 5: Forecast for expenditure on travel & tourism in Egypt (in nominal US$bn), 2018-23
          • Iran
            • Figure 6: Forecast for expenditure on travel & tourism, in Iran (in nominal US$bn), 2018-23
          • Iraq
            • Figure 7: Forecast for expenditure on travel & tourism in Iraq (in nominal US$bn), 2018-23
          • Israel
            • Figure 8: Forecast for expenditure on travel & tourism in Israel (in nominal US$bn), 2018-23
          • Jordan
            • Figure 9: Forecast for expenditure on travel & tourism in Jordan (in nominal US$bn), 2018-23
          • Kuwait
            • Figure 10: Forecast for expenditure on travel & tourism in Kuwait (in nominal US$bn), 2018-23
          • Lebanon
            • Figure 11: Forecast for expenditure on travel & tourism in Lebanon (in nominal US$bn), 2018-23
          • Oman
            • Figure 12: Forecast for expenditure on travel & tourism in Oman (in nominal US$bn), 2018-23
          • Qatar
            • Unresolved diplomatic crisis could impede growth
              • Figure 13: Forecast for expenditure on travel & tourism in Qatar (in nominal US$bn), 2018-23
            • Saudi Arabia
              • Figure 14: Forecast for expenditure on travel & tourism in Saudi Arabia (in nominal US$bn), 2018-23
            • Syria
              • Figure 15: Forecast for expenditure on travel & tourism in Syria (in nominal US$bn), 2018-23
            • Turkey
              • Figure 16: Forecast for expenditure on travel & tourism in Turkey (in nominal US$bn) 2018-23
            • UAE
              • Figure 17: Forecast for expenditure on travel & tourism in the UAE (in nominal US$bn), 2018-23
            • Yemen
              • Figure 18: Forecast for expenditure on travel & tourism in Yemen (in nominal US$bn), 2018-23
          • Air-Traffic Trends

              • Figure 19: Year-on-year % change in RPKs, 2018-May 2019
            • Performance lagging worldwide trend
              • Figure 20: Year-on-year % change in available seat kilometres (ASKs) & passenger load factors (PLF), 2018-May 2019
          • Middle Eastern Aviation Market

              • Figure 21: Annual departing seat capacity (m) & annual growth in the Middle Eastern aviation market* 2009-18
            • Dubai, the regional leader
              • Rapid growth in Israel 
                • Figure 22: Top 30 Middle Eastern airports*, ranked by annual seat capacity in 2018
              • Leading airlines
                • Emirates in the lead …
                  • … but Iranian carriers are thriving
                    • The emergence of LCCs
                      • Figure 23: Annual departing seat capacity of the top 15 Middle Eastern airlines, 2018
                  • The LCC Business Model

                    • Leading Middle Eastern LCCs

                        • The Middle Eastern LCC fleet is still quite small 
                          • Figure 24: Middle Eastern LCCs ranked by number of aircraft in service, 2019
                        • Pegasus and Air Arabia are market leaders 
                          • GCC LCC fleet growth accelerates 
                            • Challenges facing the Middle Eastern LCC market
                              • Air Arabia
                                • Figure 25: Air Arabia group, 2019
                              • 2018 results
                                • 2019 H1 results
                                  • Figure 26: Air Arabia results, H1 2019 vs H1 2018
                                • New routes
                                  • Figure 27: New routes added, 2018
                                • New routes in 2019
                                  • Fleet
                                    • Figure 28: Growth in Air Arabia’s fleet, number of aircraft, 2003-19
                                  • A big order in the offing?
                                    • AirAsia X
                                      • Airblue
                                        • flyadeal
                                          • flyadeal plans rapid growth
                                            • New deliveries of A320 NEOs starting in 2021
                                              • flydubai
                                                • Five years of operations to Moscow
                                                  • Partnership with Emirates
                                                    • Routes switched to Terminal 3
                                                      • Figure 29: Full list of destinations served by flydubai operating from Terminal 3, 2019
                                                    • Fleet
                                                      • Figure 30: Flydubai’s fleet as of October 2019
                                                    • Boeing 737 MAX 8 fallout
                                                      • FlyEgypt
                                                        • Destinations
                                                          • Egypt
                                                            • Jordan
                                                              • Kuwait
                                                                • Saudi Arabia
                                                                  • France
                                                                    • Hungary
                                                                      • Fleet
                                                                        • Figure 31: FlyEgypt aircraft fleet as of August 2019
                                                                      • Flynas
                                                                        • Nas Air
                                                                          • Flynas no longer a pure LCC
                                                                            • Fleet
                                                                              • Figure 32: Flynas fleet as of November 2019
                                                                            • Loyalty scheme
                                                                              • IndiGo
                                                                                • Jazeera Airways
                                                                                  • Figure 33: Jazeera Airways’ fleet, 2019
                                                                                • A dedicated terminal
                                                                                  • Onur Air
                                                                                    • Frequent-flyer scheme
                                                                                      • Fleet
                                                                                        • Figure 34: Onur Air’s fleet & configuration, 2019
                                                                                      • Pegasus
                                                                                        • Figure 35: Key performance indicators for Pegasus, 2017-H1 2019
                                                                                      • Fleet
                                                                                        • Figure 36: Pegasus’ fleet as of 8 August 2019
                                                                                      • Future deliveries
                                                                                        • Figure 37: Pegasus’ fleet delivery schedule, 2019-24
                                                                                      • SalamAir
                                                                                        • Fleet
                                                                                          • Frequent-flyer scheme
                                                                                          • Saudi Arabia: A Country Ripe for LCC Expansion

                                                                                                • Figure 38: Saudi Arabia domestic capacity share (% of seats) by airline, 23 April 2018-29 April 2018
                                                                                                • Figure 39: Saudi Arabia in-service passenger fleet by airline, April 2013-April 2018
                                                                                              • Three start-ups launched within one year
                                                                                              • What Next?

                                                                                                  • The big three slow down as short haul accelerates
                                                                                                    • Figure 40: Y-o-y RPK growth, by major world region, January & February 2019
                                                                                                  • Saudi Arabian aviation on the upswing
                                                                                                    • LCCs set to gain share in GCC region
                                                                                                      • Flydubai to lead the pack for growth …
                                                                                                        • LCCs have excellent growth prospects in Saudi Arabia
                                                                                                          • WTTC partnership
                                                                                                            • New e-visas
                                                                                                              • Aviation and tourism are key sectors for diversification of the economy

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