The Evolution of The Low-Cost Carriers: Shaping The Future of Leisure Travel
Airlines
The Evolution of The Low-Cost Carriers: Shaping The Future of Leisure Travel
Skift Take
The evolution of the low-cost business model is creating new travel markets, unlocking new customer segments and significantly expanding options for leisure travelers around the globe.
Report Overview
Skift Research's latest report on airlines explores the evolution of the low-cost airline business model and its implications for the future of the leisure travel market. Low-cost carriers (LCCs) have been gradually closing the gap with mainline carriers in terms of offerings and services; however, their networks remain largely unchanged, focusing primarily on domestic and regional routes. With newer equipment becoming available, can LCCs expand into intercontinental markets and effectively compete with mainline carriers now that they also offer premium cabins? Additionally, will the leisure travel market grow as LCCs renew their focus on international destinations?
What You'll Learn From This Report
- The state of the economy airline product market
- LCCs in intercontinental markets
- Growth potential of key leisure markets globally
- The rise of affordable luxury
- LCCs' push towards modern distribution strategies
