- LCC business model evolution, networking and interlining
- Full Service-LCC airline groups
- LCC financing and leasing trends
- Cross border joint ventures and LCC alliances
- Improving the airline-airport interface
- The growth of long haul low cost airlines
- LCCs and corporate travel
- LCC distribution and digital transformation.
25-26 February, Singapore |
Speaker Highlights
LCCs have been rarely out of the news over the past 20 years as they disrupted market after market. And ever since, full service airlines have been learning from the often revolutionary methodology applied by the LCC model, in such areas as ancillary revenue as well as operational efficiencies and cost reduction. Equally, as LCCs proliferated and entered new markets, many sought to diversify, creating systems that mimicked their older peers.
The two service groups have converged to a point where full service carriers are launching LCC subsidiaries or attempting to buy independent LCCs as a means of targeting both full service and lower priced segments more effectively. Until relatively recently, dual brand strategies targeting different market segments have been rare. But the industry is now rife with such examples, notably in Asia Pacific. This combination of full service and low cost/no frills airline within one group has become a powerful combination to combat independent LCCs making inroads into the traditional leisure sector.
Of course, this has not stopped independent LCC groups from encroaching on their full service rivals. In Europe for example, LCCs have taken advantage of open skies to expand outside their home markets. Ryanair and easyJet are the region’s two largest individual airlines by passenger numbers. In other markets like Asia, where the regulatory regime is more restrictive, larger LCCs have circumvented ownership and control provisions by forming cross border JVs with local partners.
All the while there have been changes wrought by the acceleration of technological advances. New widebody and narrowbody aircraft such as the 787s and A350s, and progressively the 737MAXs and A320neos, are opening up new long distance city pairs and justifying the business case for low cost long haul operations. This is encouraging both independent LCCs and full service carriers to establish long haul arms.
The CAPA Global LCC Summit seeks to tap into the dynamic changes taking place in the airline industry and address the following issues in creative and authoritative ways:
CAPA’s Global LCC Summit is a must attend for those seeking to do business with and gain inspiration from LCCs, airports, travel technology providers, OEMs and financiers. To hear from and meet CEOs of the world’s leading LCCs, join us in Singapore in February 2019.
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