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LCCs in Asia to eventually account for 70-80% of the market: Zest Air

7-Sep-2012 9:49 AM

Zest Air CEO Advisor Brian Hogan, speaking at CAPA's LCCs & New Age Airlines in North Asia Conference in Macau, predicted (06-Sep-2012) low-cost carriers in Asia will eventually account for 70% to 80% of the Asian market. "I believe in the next 10 to 20 years low-cost carriers will have 70% to 80% of the market," Mr Hogan said. He pointed out that in the Philippines, where Zest is based, LCCs already account for 82% of the domestic market. "Talk about an evolution." LCCs now account for approximately 20% of total capacity within the Asia Pacific region, according to CAPA and Innovata data.