India is the second largest market (country-wise) for low-cost air travel and the fastest growing such market in the world. The US, where the model was born, remains the largest low-cost carrier (LCC) market and is over two-and-a-half times the size of the emerging Indian market.
While Indian LCCs offered about 90 million seats in the first nine months of 2018, LCCs in the US offered 250 million seats. After India are Indonesia and Spain (over 60,000 seats each). In India, 15.6 million seats were added between January and September as compared to the same period last year.
Fifteen years ago, India didn’t have a single low-cost carrier. Today, LCCs have cornered 69% market share in India, a riveting feat for a country that doesn’t yet have a low-cost airport or terminal. Read More