LOW- COST air carriers are spreading their wings across the Atlantic, much to the chagrin of the major airlines now forced to serve new destinations and cut fares.
Transatlantic flights operated by Norwegian Air, Iceland’s Wow air, Canada’s WestJet and Morocco’s Royal Air Maroc have multiplied in recent years as as jet fuel has grown cheaper.
Frequently offering fares less than half that of major airlines, low – cost carriers have quickly attracted travelers.
Traditional player have seen their collective market share decline, dropping from 75 per cent in the summer of 2014 to 72 per cent this summer, according to the air travel data company OAG.
While low-cost carriers remain small players, larger airlines “are looking over their shoulders”, said George Hobica of airfarewatchdog.com
“They could be a growing threat as they add more seat,” he said. “Currently,if you look at the percentage of seat they have compared to major airlines, it’s very small.”
Booked in advance, a round-trip flight between London and New York currently runs an average of $398 (Bt13,900)on the low-cost carriers, according to Hobica, compared to more than $600 with the major airlines. WestJet even has flights linking Canada and London at $149.
LOW- COST air carriers are spreading their wings across the Atlantic, much to the chagrin of the major airlines now forced to serve new destinations and cut fares. Transatlantic flights operated by Norwegian Air, Iceland’s Wow air, Canada’s WestJet and Morocco’s Royal Air Maroc have multiplied in recent years as as jet fuel has grown cheaper. Frequently offering fares less than half that of major airlines, low – cost carriers have quickly attracted travelers. Traditional player have seen their collective market share decline, dropping from 75 per cent in the summer of 2014 to 72 per cent this summer, according to the air travel data company OAG. While low-cost carriers remain small players, larger airlines “are looking over their shoulders”, said George Hobica of airfarewatchdog.com “They could be a growing threat as they add more seat,” he said. “Currently,if you look at the percentage of seat they have compared to major airlines, it’s very small.” Booked in advance, a round-trip flight between London and New York currently runs an average of $398 (Bt13,900)on the low-cost carriers, according to Hobica, compared to more than $600 with the major airlines. WestJet even has flights linking Canada and London at $149.
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